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...From the middle of last year until a month or so ago, the interpretation of almost all economic information was negative because the data was unidirectional. That is changing. There are sign posts which point in two directions. It is likely that neither road sign is entirely right. In many cases both are wrong and making predictions about how the recession is going actually becomes more difficult and not less...

Author: /time Magazine | Title: The Housing Mirage: Misleading Numbers | 3/24/2009 | See Source »

...recover this tank and try to tentatively figure out who was in it and collect all the evidence. This was all done at a time when there were a lot of insurgents in the area. There were thousands of people on either side of the road, so we had to do crowd control in order to give ourselves room to do our work. We had the crowd pushing forward, so we had to push them back. And there were rooftops everywhere. It was a very sticky situation. But we ended up recovering the tank, and we were able to help...

Author: /time Magazine | Title: Cleaning Up Death at War — and at Home | 3/24/2009 | See Source »

...Tata has told this story many times since Tata Motors started developing the Nano six years ago. The project began with an audacious promise: build a safe, road-worthy vehicle costing 100,000 rupees (about $2,000), so affordable that it could allow millions of people in the developing world to park their scooters. Competitors dismissed the idea as folly. The Maruti 800, the Nano's closest competition, sells for about twice as much. Yet Tata has been as good as his word. The Nano is going on sale on April 9 at 470 outlets across India at a factory...

Author: /time Magazine | Title: The World's Cheapest Car Debuts in India | 3/23/2009 | See Source »

...which has four doors and seats four adults, doesn't feel like a lightweight on the road. I drove one on an empty test track at Tata Motors' main plant in the western Indian city of Pune and found that, while the interior is spartan, the Nano handles as well as any of the other low-end minicars available in India. The brakes lack feel and there's little storage space, but the car turned heads. Our photographer drove a bright yellow Nano - this one fully equipped with air-conditioning - through the highways, cobbled avenues and side streets of Pune...

Author: /time Magazine | Title: The World's Cheapest Car Debuts in India | 3/23/2009 | See Source »

...Nano sales won't do much in the short run to ease the burden. But Tata Motors' efforts to pioneer cost-saving business processes during the Nano's development could translate into a healthier bottom line down the road. One of these innovations is "distributed manufacturing." Instead of investing in expensive factories and hiring additional workers as sales volumes increase, Tata Motors plans to limit Nano production at its central plant to 500,000 cars every year. Beyond that, it will use satellite plants to build the car's components and distribute these in Nano "kits" to independent entrepreneurs - trained...

Author: /time Magazine | Title: The World's Cheapest Car Debuts in India | 3/23/2009 | See Source »

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