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...This is the beginning of a new chapter," says Jackson family confidante Brian Oxman, an attorney not involved with the custody agreement. The resolution must be approved by a Los Angeles Superior Court judge; the next hearing is set for Aug. 3. Jackson had stipulated in his will that Katherine Jackson serve as the children's guardian...

Author: /time Magazine | Title: Custody Agreement Reached for Jackson's Kids | 7/31/2009 | See Source »

...Detroit GM Comes Speeding Back After racing through bankruptcy in 40 days, a slimmed-down General Motors emerged from Chapter 11 focused on just four brands: Chevrolet, Cadillac, Buick and GMC. The Federal Government, which has committed $50 billion to the company, took a majority stake and installed a new chairman. The restructurings of GM and Chrysler were considered coups for President Obama's auto task force, whose head, Steven Rattner, said he will step down...

Author: /time Magazine | Title: The World | 7/27/2009 | See Source »

...debt load led to a $135 million loss last year. Six Flags was $141 million in the red for the first quarter of '09, and this spring the swine-flu outbreak forced Six Flags to close its Mexico park for eight days. In June, Six Flags finally filed for Chapter...

Author: /time Magazine | Title: Why Is Six Flags Targeting Kids with a Creepy Old Guy? | 7/24/2009 | See Source »

...These last hours represent a climactic chapter in the mysterious and mostly opaque relationship at the center of a tumultuous period in American history. It reveals how one question - whether to grant a presidential pardon to a top vice-presidential aide - strained the bonds between Bush and his deputy and closest counselor. It reveals a gap in the two men's views of crime and punishment. And in a broader way, it uncovers a fundamental difference in how the two men regarded the legacy of the Bush years. As a Cheney confidant puts it, the Vice President believed...

Author: /time Magazine | Title: Inside Bush and Cheney's Final Days | 7/24/2009 | See Source »

...Supreme Court from 1932 to 1938. Sotomayor praised Cardozo for his "great respect for precedent and his great respect ... and deference to the Legislative Branch." But Cardozo wasn't always an advocate of judicial deference. In his most famous book, The Nature of the Judicial Process, Cardozo called a chapter "The Judge as a Legislator." Like legislators, Cardozo wrote, judges must get their experience "from life itself," and when the law isn't clear, a judge must sometimes "pronounce judgment ... according to the rules which he would establish if he were to assume the part of a legislator...

Author: /time Magazine | Title: What's Wrong with Judges Legislating from the Bench? | 7/16/2009 | See Source »

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