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USAGE: "A surgical bankruptcy that makes the domestic auto industry stronger is something that may not be desirable, but inevitable, Gov. Jennifer Granholm said in Detroit." --Detroit Free Press, April...

Author: /time Magazine | Title: Verbatim | 4/27/2009 | See Source »

RETIRED Boxing's "Golden Boy" and 10-time world champ, Oscar De La Hoya, 36, announced his retirement on April...

Author: /time Magazine | Title: Milestones | 4/27/2009 | See Source »

Boomers are fish in a barrel for improved nostalgia, but Gen X isn't far behind. In early April, Sony reissued four physical editions of Pearl Jam's 1992 album Ten at four price points. Each offered improved sound, a separate remix album, a DVD and thoughtful, creative packaging born of collaboration with the band. (A digital version without the extras is also available.) More important, Block's team reached out to Pearl Jam's fans and asked specific questions about what they wanted. In their first week of release, the various Tens combined to sell 55,000 copies - including...

Author: /time Magazine | Title: Old Music, New Package: Will You Buy It — Again? | 4/27/2009 | See Source »

...less, while its U.S.-based salaried workers would take a 5% haircut - affecting 36,000 people. "But even these measures," CEO Fred Smith said in a message to employees, "may not be enough to offset the rapidly deteriorating economy that has hit our industry so hard." In early April, the company let go of 1,000 employees...

Author: /time Magazine | Title: When Companies Opt for Pay Cuts Instead of Layoffs | 4/27/2009 | See Source »

...have here a limb, not the brain, of this terrorist organization.' RAKESH MARIA, an Indian detective, on the limited value of testimony from Ajmal Amir Kasab, 21, the lone surviving gunman from the Mumbai attacks. Kasab's lawyer was sacked April 15, delaying the high-profile trial...

Author: /time Magazine | Title: Verbatim | 4/27/2009 | See Source »

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