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...President-elect, Obama extended to the outgoing Bush Administration a statesmanlike cooperation that was the exact opposite of Roosevelt's politically shrewd distancing of himself from his discredited predecessor, Herbert Hoover. Obama could have scored cheap political points by leaving such criminally mismanaged enterprises as AIG and GM to their fate. Of course, he might also have touched off an economic smashup. In pursuing what he believed to be the responsible course, Obama echoed George W. Bush's fourth-quarter abandonment of free-market gospel. For both men, survival trumped ideology. In the process, however, the candidate of change became...

Author: /time Magazine | Title: Era of No Consensus | 2/22/2010 | See Source »

Advocates of GM crops have also been quick to point out that China last year announced it would allow genetically modified rice. Comparing India and China is a favorite pastime of Indian economists and commentators. The country's attempts to outdo its northern neighbor are a national obsession. But in its hurry to reach double-digit growth, India is confronting a dilemma that has entangled China for years: what's more important, economic growth or human rights and the environment...

Author: /time Magazine | Title: What an Eggplant Uproar Says About India's Economy | 2/15/2010 | See Source »

...meet at the optimal moment. Kaizen is also about spreading what you've learned throughout the system. And then repeating it. It's the reason, for instance, that when Toyota assumed full control of the New United Motor Manufacturing plant in Fremont, Calif., which it had co-owned with GM, it got way more productivity and quality out of it than GM could with essentially the same workforce and equipment. (See the most exciting cars...

Author: /time Magazine | Title: Behind the Troubles at Toyota | 2/11/2010 | See Source »

...outright rejoicing over Toyota's troubles. But there is a sense of an opening to win some business, and a certain pleasure in seeing the spotlight of criticism focus on a foreign carmaker. "There was always this assumption in the mainstream media that Toyota was better," says a senior GM executive. "Hopefully this will help even things out a little bit. Maybe from now on, Toyota will be treated as just another car company...

Author: /time Magazine | Title: Behind the Troubles at Toyota | 2/11/2010 | See Source »

...want your friends and associates to think you're more successful than you are, you should have to waste $130,000 on a Maserati. These days, no one owns any other kind of hybrid, because you can't tell from a distance that they're hybrids. If GM made a car shaped like a crying planet, it could give our government all its money back. (See the history of the electric...

Author: /time Magazine | Title: Joel Stein: My Prius Problem | 2/11/2010 | See Source »

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