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...Henderson also had the bad luck to have several deals blow up in his face. Entrepreneur Roger Penske walked away from an agreement to buy Saturn because he couldn't find anyone to supply him with cars, forcing GM to close the division...

Author: /time Magazine | Title: Why Fritz Henderson Is Out as GM's CEO | 12/2/2009 | See Source »

Yenawine developed the idea of “A Day Without Art,” which began on Dec. 1, 1989, as a day when museums would close or conceal certain works in order to reflect on the impact of AIDS on the art community...

Author: By BETH E. BRAITERMAN, CONTRIBUTING WRITER | Title: AIDS Epidemic Given Visual Form | 12/2/2009 | See Source »

...unlivable. The gutters were full of human ordure and the air stale from the smell of "cheap death," he recalled in the story "My Kampung," from his early collection Tales from Djakarta. Its mordant stories revolve around what is now Jakarta's central Merdeka (Freedom) Square, and the streets close...

Author: /time Magazine | Title: Sense of Place: Jakarta | 12/2/2009 | See Source »

...must draw on the strength of our values - for the challenges that we face may have changed, but the things that we believe in must not. That is why we must promote our values by living them at home - which is why I have prohibited torture and will close the prison at Guantánamo Bay. And we must make it clear to every man, woman and child around the world who lives under the dark cloud of tyranny that America will speak out on behalf of their human rights and tend to the light of freedom, and justice...

Author: /time Magazine | Title: Full Transcript of Obama's Speech | 12/1/2009 | See Source »

...about $80 billion (and some observers believer there could be a substantial amount of off-balance-sheet debt as well). About 40% of the official debt is held by British banks, 30% by E.U. firms, about 9% by U.S. institutions and 7% by Japanese ones. According to a source close to Dubai World, the city-state's representatives now wants to write off some $30 billion of its debt...

Author: /time Magazine | Title: Can the Banks Force Dubai into Foreclosure? | 12/1/2009 | See Source »

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