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...recognition that it will take a new vision and new direction to create the GM of the future." In Wagoner's place, the President promoted COO Fritz Henderson, who has worked at the company for 25 years. Henderson gets the message: "One, go deeper, go harder; and second, go faster. And so we got it. We understand exactly what that means." (See the 50 worst cars of all time...

Author: /time Magazine | Title: Can Detroit Be Retooled — Before It's Too Late? | 4/2/2009 | See Source »

...Avoidance of protectionism. World trade, which has been the essential driver of poverty-relief in much of the world, especially in Asia, is contracting faster than the global economy as a whole. When they met in Washington last November, G-20 leaders pledged to set their faces against protectionism and to revitalize the moribund "Doha Round" of talks on world trade liberalization. Since then, says the World Bank, no fewer than 17 of the G-20 member nations have adopted a variety of protectionist measures - and there's no sign of any movement on reviving the Doha talks. The summiteers...

Author: /time Magazine | Title: The G-20 Summit: Can This Group Save the World Economy? | 3/31/2009 | See Source »

...High-speed trains, true to their name, are fast. They travel over 150 miles per hour, which is about three times faster than a car on a highway. When you factor in traffic, travel by car is even slower in comparison. They are also faster than air travel for distances of less than 500 miles—though airplanes can reach higher speeds, flight check-in, interminable security lines, and inevitable delays make train travel a speedier option...

Author: By Anthony P. Dedousis | Title: All Aboard | 3/30/2009 | See Source »

...Once operational, the trains will facilitate long-distance commuting, putting urban jobs in reach of exurban and small-town workers. Faster travel will encourage companies to relocate further outside of major cities, where real estate is cheaper and tax incentives are more forthcoming. This would be especially useful for revitalizing regions that are hemorrhaging manufacturing jobs, like the Upper Midwest and upstate New York. Funding for rail projects should be considered an investment in America’s long-term economic robustness...

Author: By Anthony P. Dedousis | Title: All Aboard | 3/30/2009 | See Source »

...energetic ants, a sui generis crossbreed, which is why we've been so successful as a nation. Our moxie comes in two basic types. We possess the Yankee virtues embodied by the founders: sobriety, hard work, practical ingenuity, common sense, fair play. And then there's our wilder, faster and looser side, that packet of attributes that makes us American instead of Canadian: impatient, hell-bent, self-invented gamblers, with a weakness for blue smoke and mirrors. A certain fired-up imprudence was present from the beginning, but it required a couple of centuries for the most extravagant version...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

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