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...these hopes float on the audacity of deficit spending. By the time taxpayers are done cleaning up the books of the two companies and refilling their tanks with enough cash to keep them going - along with their finance arm, GMAC, and their key suppliers - the public price tag will exceed $100 billion. Add billions more in subsidies for researching and developing green technology and still more billions in tax credits to motivate buyers to go green. If someday GM and Chrysler become consistently profitable, the government loans will be repaid and both companies restored to total private control. The operative...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...outfit during her European tour. "You didn't know you'd be covering cardigans," she says, but that's O.K., since her husband doesn't know cable-knit from argyle either. When she tries to explain why she's constantly hugging people, she reaches out and grabs your arm and holds it. I'd be intimidated too to meet the First Lady, she says. "That's why I'm so touchy with kids, because I think if I touch them and I hug them, that they'll see that it's real, and then they'll relax and breathe...

Author: /time Magazine | Title: The Meaning of Michelle Obama | 5/21/2009 | See Source »

...took some arm-twisting. One Colombian legislator traveling in Taiwan was ordered aboard a flight back to Bogotá so he could cast his vote. Up until the last minute, government envoys prowled the aisles and cajoled lawmakers on the floor of the Colombian Senate. But in the end, they delivered for President Alvaro Uribe. By a lopsided 62-to-5 vote - with the opposition walking out in protest - senators on Tuesday approved a bill paving the way for a referendum to amend the constitution and allow Uribe to run for an unprecedented third term...

Author: /time Magazine | Title: Colombia's Uribe: Keeping Up with Hugo Chávez | 5/20/2009 | See Source »

...back. He takes your money - and then charges you $15 for having paid him. That might seem unfair. Yet a few years ago, the Government Accountability Office found it to be standard practice for certain credit-card companies when customers made payments over the telephone. The investigatory arm of Congress couldn't say exactly how many card companies imposed such phone-payment fees - nowhere were the firms required to disclose their policies...

Author: /time Magazine | Title: Congress's Credit-Card Bill: Playing Fair, Not Foul | 5/15/2009 | See Source »

First, however, NASA has to get through the current flight, and that became a dicier matter when reports came down Tuesday afternoon that sensors under the shuttle's skin and a camera at the end of its robotic arm discovered a scattering of dings across a 21-in. stretch in the leading edge of the right wing, affecting four or five tiles. NASA was quick to call for calm. Indeed, Atlantis was scheduled to rendezvous with Hubble at 7:41 a.m. ET on Wednesday, but it will be more than five hours later before the shuttle's robot arm actually...

Author: /time Magazine | Title: Space Shuttle: Same Old Damage, Same Old Worries | 5/13/2009 | See Source »

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