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...workers pain. Assuming the government bridges GM to the future - or provides debtor-in-possession financing in a bankruptcy - there is still a ton of restructuring to do. The company operates 21 plants in North America and has three more that are scheduled to close. But Grant Thornton's Rodriguez says that still leaves five to go to match demand. "They still need to take structural steps: reduce suppliers, reduce the number of plants, reduce the cost structure and get rid of excessive debt." Most analysts say GM has to dump underperforming brands...

Author: /time Magazine | Title: Is General Motors Worth Saving? | 11/13/2008 | See Source »

...Absolutely!" says Grant Achatz of Chicago's Alinea Restaurant. "There's a huge misconception that the food here will be science-y. It's food." He concedes that there "are tons of steps" in his Alinea (Ten Speed Press; $50), but, he says, "a well-written recipe is as simple as a fourth-grade story." And since not all fourth-graders have an antigriddle (a cooktop that freezes rather than heats), Achatz notes that a cookie sheet atop dry ice will suffice...

Author: /time Magazine | Title: Home Cooks, Meet Molecular Gastronomy | 11/13/2008 | See Source »

Since Barack Obama's victory celebration in Grant Park, the chattering class has been atwitter wondering what, exactly, his election will mean for African Americans. On Meet the Press, Tom Brokaw asked about the "impact ... on the black community and in those neighborhoods where there are dysfunctional families." To many pundits, both black and white, Obama's election to the White House signals the end of black America's unchallenged status as sore losers and complaint-mongers. "African Americans have just entered the no-excuses zone," Jonetta Rose Barras wrote in the Washington Post. Obama "won't tolerate ... the long...

Author: /time Magazine | Title: Obama and the Myth of the Black Messiah | 11/13/2008 | See Source »

...death and rebirth of American liberalism both began with flags in Grant Park. On Aug. 28, 1968, 10,000 people gathered there to protest the Democratic Convention taking place a few blocks away, which was about to nominate Lyndon Johnson's Vice President, Hubert Humphrey, thus implicitly ratifying the hated Vietnam War. Chicago mayor Richard Daley had warned the protesters not to disrupt his city and denied them permits to assemble, but they came anyway. All afternoon, the protesters chanted and the police hovered, until about 3:30, when someone climbed a flagpole and began lowering the American flag...

Author: /time Magazine | Title: The New Liberal Order | 11/13/2008 | See Source »

...Forty years later, happy liberals mobbed Grant Park, invited by another mayor named Richard Daley, to celebrate Barack Obama's election. This time the flags flew proudly at full mast, and the police were there to protect the crowd, not threaten it. Once again, Americans watched on television, and this time they didn't seethe. They wept. (See pictures of Obama's Grant Park celebration...

Author: /time Magazine | Title: The New Liberal Order | 11/13/2008 | See Source »

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