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...help keep it afloat, and the additional $3 billion it hopes to obtain in March, carries the stipulation that the company move quickly to find ways to produce smaller, more fuel-efficient models, which have long been Fiat's bread and butter. "A Chrysler-Fiat partnership is a great fit," said Chrysler chairman Bob Nardelli in the joint communiqué. "It creates the potential for a powerful new global competitor." Nardelli pointed to Fiat's "competitive, fuel-efficient vehicle platforms, powertrain and components" as well as its distribution outside North America, including sales networks in Asia and Latin America...

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

...discord surrounding Wyeth made that seem a little foolish. Is it really possible to “capture the heart of America?” You can make the argument that, if anyone could, Wyeth did. He took for his subject none other than the great American landscape. His subjects were plainspoken farmers, windswept grasses, people who worked hard and took pride in sacrifice. You know, Amurricans...

Author: By Jillian J. Goodman | Title: Anatomy of America | 1/20/2009 | See Source »

...shoe at President Bush, said the disenchanted Republican. To celebrate the fact that anything is possible, said the Apache from Arizona. Some people brought with them mementos of those who could not come. Jenny Allen, a 38-year-old fundraiser from West Virginia, wore a laminated picture of her great-aunt, an elegant lady in a double strand of pearls who fought for civil rights years ago. "Peggy Ewing Waxter, 1904-2007," Allen said. "She would have loved this day." (See the 10 greatest speeches of all time...

Author: /time Magazine | Title: Barack Obama's Inaugural Address: Humility, Gratitude, Sacrifice | 1/20/2009 | See Source »

...nineties and is also in poor health, was wheeled out of the ornate hall, apparently upset by what had happened to Kennedy. A security detail escorted Byrd back to his Capitol Hill office. (Byrd, who was once a fierce rival of Kennedy, has since become a great friend; he also became emotional during a tribute to Kennedy last May after the news of the Massachussets Senator became public.) (Read "10 Questions for Ted Kennedy...

Author: /time Magazine | Title: Ted Kennedy Suffers Seizure at Inaugural | 1/20/2009 | See Source »

...Clinton aren't the first ex-presidents to take an interest in the greater good. Rutherford B. Hayes became president of the National Prison Association after taking notice of the atrocious living conditions most imprisoned Americans endured. Herbert Hoover, reviled for years because of his contribution to the Great Depression, earned a second chance when Harry Truman asked him to head the Famine Emergency Commission - responsible for distributing food to nations devastated by World War II - and another commission tasked with reorganizing the government and eliminating waste. President Carter, of course, established the Carter Center, devoted to supporting human rights...

Author: /time Magazine | Title: Presidential Second Acts | 1/20/2009 | See Source »

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