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Remember when we used to pledge allegiance to a flag? Not in Barack Obama's nation. On the eve of his grandly coordinated, $150 million Inauguration, celeb power couple Ashton Kutcher and Demi Moore released a video full of their Hollywood friends and colleagues pledging to Obama to "be the change" that so many want to see with his incoming Administration. Backed by MySpace and Kutcher's production company Katalyst Media and directed by Moore, The Presidential Pledge features a bevy of instantly recognizable faces (Moore, Kutcher, Cameron Diaz, Sean "Diddy" Combs), some you-look-familiar faces (Joel Schumacher, Kenna...

Author: /time Magazine | Title: Celebs Pledge Allegiance | 1/20/2009 | See Source »

...alliance with Fiat. The then brand-new CEO of the Turin company, Sergio Marchionne, emerged as a tough-as-nails dealmaker as he sat across the table from top GM executives. The Italian-born, Canada-raised Fiat chief told his American counterparts they would cough up the full value of the put option or battle it out in court. GM blinked, and the huge payout added to its accumulating troubles that today leave the American auto giant struggling to avoid bankruptcy...

Author: /time Magazine | Title: Fiat to Take 35% Stake in Chrysler | 1/20/2009 | See Source »

...time when politicians use the phrase "church, synagogue or mosque" and both Hanukkah and Eid are celebrated at the White House, the addition of a rabbi to the lineup would have required balancing with an imam. For a man who will take the oath of office using his full name - Barack Hussein Obama - and spent much of the campaign being dogged by phony rumors that he was a closet Muslim, that might have been a step...

Author: /time Magazine | Title: Missing from the Inaugural Dais: Rabbis and Priests | 1/19/2009 | See Source »

...will be months and probably years before the full scope of Cheney's power - where it started and stopped - will be fully understood. Many Bush critics have traced the biggest failures of the Bush presidency - like the obsession with weapons of mass destruction as a reason to invade Iraq - to the office of the Vice President. But Cheney leaves Washington as the most powerful Vice President in decades, perhaps ever...

Author: /time Magazine | Title: As Dick Cheney Prepares to Depart, His Mystery Lingers | 1/19/2009 | See Source »

...There has been development, of course. But even success stories are full of problems. The U.S. has built new schools, but there are not enough teachers, and salaries are so low that nobody stays. On a trip to Helmand last summer I met a farmer who had been offered a water pump that would have enabled him to turn his desert-like property into a field of wheat and vegetables. He declined it, fearing that the Taliban would find out he had accepted a gift from foreigners and would execute him as a spy. (See pictures from Prince Harry...

Author: /time Magazine | Title: Obama's Daunting Task in Afghanistan | 1/19/2009 | See Source »

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