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They were the odd couple atop the world's largest industrial corporation. One was a consummate organization man who had risen fast by mastering the bureaucracy of a giant company, the other a feisty free spirit who had built a billion-dollar firm from scratch. For two years everyone had wondered what would become of the uneasy chemistry between General Motors Chairman Roger Smith, 61, and H. Ross Perot, 56, the company's largest shareholder...

Author: /time Magazine | Title: Peace for a Price at GM | 1/26/2007 | See Source »

...October Lake Michigan crept to an average of 581.6 ft. above sea level, more than a foot higher than a year earlier and topping its 20th century record of 581 ft., set in 1974. Lakes Huron and Erie climbed to new heights, while Superior and Ontario are swelling fast...

Author: /time Magazine | Title: Environment: And Now, the Greater Lakes | 1/26/2007 | See Source »

...debut at No. 1 on Billboard magazine's best-sellers chart since Stevie Wonder put out Songs in the Key of Life a full decade ago. Retailers signed up for an unprecedented initial shipment of 1.5 million Springsteen record, tape and compact disc sets, but those copies sold so fast that the stores have ordered 1.85 million more. Since the 40-song package sells for $20 to $30, vs. about $8 to $10 for a typical record or tape, Springsteen Live is expected to bring in more revenues?perhaps $450 million?than any other album ever recorded...

Author: /time Magazine | Title: The Boss's Thunder Road to Riches | 1/26/2007 | See Source »

...took a very, very boring industry?adult education?and we created a little pizazz," says Zanker, who rarely speaks below a shout and tends to sound like an LP played too fast. "Quality education we give, but in a showbiz atmosphere," he adds, drawing his legs up beneath him on his office chair and rocking back and forth as the words rattle out. "I give an average of 150 shows a night." The Annex is not the only show of its kind. In the past decade some 50 similar enterprises have started up, from California's thriving Learning Exchange...

Author: /time Magazine | Title: Education: Bargains in Short-Order Courses | 1/26/2007 | See Source »

...When it's bad out," said Kathy Ford, pregnant and holding Tramaine, 2, on her lap, "I don't go out to the store for milk. Or sometimes I grab his hand and say, 'Come on, Tramaine, walk fast.'" The regular sounds of shooting used to upset the little boy. "It was 'What those shots, Mommy?' and 'Him was killed? Who dead?'" said Kathy, a fashionably dressed 19-year-old, imitating her son. These days, though, little Tramaine has grown accustomed to the gunfire; when it begins, he ignores it. Sonja, who has childhood friends now in the gangs, cannot...

Author: /time Magazine | Title: In Chicago: Raising Children in a Battle Zone | 1/26/2007 | See Source »

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