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...though, Chrysler is in the red (it lost $2 billion in the first quarter alone) and will soon be on its own, and the UAW's four-year contracts with the D3 expire in September. All eyes in Detroit are on how much Cerberus--a 15-year-old firm with a reputation for cost cutting--will be able to squeeze...

Author: /time Magazine | Title: Can Chrysler Be Cured? | 5/17/2007 | See Source »

Next up for 37signals? Possibly financial software, Fried says. Like other small businesses, his firm now needs tools to manage its own financial success...

Author: /time Magazine | Title: Small Is Essential | 5/17/2007 | See Source »

...German automaker DaimlerChrysler announced that it would pay private-equity firm Cerberus Capital Management of New York City $675 million to take a bunch of old people's medical problems off its hands...

Author: /time Magazine | Title: Can Chrysler Be Cured? | 5/17/2007 | See Source »

...Gipper was always thick with conviction; Romney has positions, not convictions. He never says anything striking or memorable. And in the second debate, he did something Reagan never would have done: he attacked McCain's bipartisan campaign-finance reform and immigration bills, McCain-Feingold and McCain-Kennedy. McCain stood firm. He said the money in politics "has corrupted our own party." And he stood firm on the war in Iraq, as expected, and against torture, even when presented with a Fox News scenario in which terrorists with information about an imminent attack had been captured. The other candidates said they...

Author: /time Magazine | Title: How Rudy Won the Second Debate | 5/17/2007 | See Source »

...Giuliani's alleged straight talk seems even more dubious than Romney's apparent duplicity. First, Giuliani is not really standing firm. He's adjusting his position as much as he dares, and then he's standing firm. He used to support federal funding for abortion. Now he doesn't. And now, like Romney, he has been personally opposed to abortion all along. In the second Republican debate, he referred glibly to "millions and millions of Americans who are of as good conscience as we are, who make a different choice on abortion." Antiabortion Republicans watching may have thought, Whoa! What...

Author: /time Magazine | Title: Pro-Choice Convictions Overturned | 5/17/2007 | See Source »

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