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...surprise shake-up, General Motors CEO Fritz Henderson was ousted by the company's board after just eight months on the job. The troubled auto giant--now 60% owned by the U.S. government--has shown modest signs of economic improvement, but Henderson, a company veteran, clashed with directors seeking quicker change. Chairman Ed Whitacre, a former head of AT&T, will take over as interim...

Author: /time Magazine | Title: The World | 12/14/2009 | See Source »

...coyotes have loped off, and the rattlesnakes have crawled under the construction trailers for shade and safety. Bulldozers have scraped away the mesquite to make a board-flat rectangle 10,000 ft. by 200 ft. Workers have begun putting down layers of gravel, packed earth, asphalt and concrete 42 in. thick to form a runway. The age of space tourism is here...

Author: /time Magazine | Title: Postcard from Las Cruces | 12/14/2009 | See Source »

...Stare at Goats and Fantastic Mr. Fox, are already withering at the wickets. Up in the Air, though, is soaring. The Jason Reitman comedy-drama, with Clooney as a corporate hired gun and frequent flyer, has swept awards - best film, actor and screenplay - from the National Board of Review and the Washington D.C. Area Film Critics Association. That plus a fruitful 91% rating from Rotten Tomatoes, top critics. (Read "Clooneypalooza: A Star Is Airborne...

Author: /time Magazine | Title: The Princess and the Frog — Leaping or Croaking? | 12/13/2009 | See Source »

...high unemployment. The best way to attack that problem is to stimulate small-business growth, but that won't happen as long as banks sharply limit lending to smaller companies. For their part, bankers feel they are responding prudently to a tough economy by tightening loan standards across the board. And while some of the biggest banks are healthy enough to pay back the government's emergency loans made from the Troubled Asset Relief Program, many smaller banks remain in crisis. So far this year the Federal Deposit Insurance Corporation has shut down 133 banks that succumbed to a tidal...

Author: /time Magazine | Title: Obama vs. the Banks: The Pressure Intensifies | 12/13/2009 | See Source »

...21st century, however, the SAT and the ACT are just part of a gauntlet of tests students may face before reaching college. The College Board also offers SAT II tests, designed for individual subjects ranging from biology to geography. The marathon four-hour Advanced Placement examinations - which some universities accept for students who want to opt out of introductory college-level classes - remain popular: nearly 350,000 took the U.S. history AP test last year, the most popular subject test offered. There's also the PSAT, taken in the junior year as preparation for the full-blown...

Author: /time Magazine | Title: Standardized Testing | 12/11/2009 | See Source »

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