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...task force, he instructed them to "treat these transactions in a commercial manner." That is to say, restructure the companies in a way that makes good business sense. The "commercial" mantra proved fleeting. The first imperative of commerce - to add value and thus earn profits - is too narrow to host all the civic expectations attached to the auto industry. If GM's only task were to make money, the company would shutter its car factories (or move them to low-cost countries) and churn out light trucks...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...Robertson has many credits to his name: he's the founder of the Christian Broadcasting Network (CBN) and host of its long-running show, The 700 Club; he's the chancellor of Regent University; and he's a onetime presidential candidate who challenged George H.W. Bush for the Republican nomination in 1988. Now Robertson has added another title: financial adviser. His latest book, Right on the Money: Financial Advice for Tough Times, draws on his own experiences and makes straightforward recommendations for financial planning amid economic turmoil. He talked to TIME about money, religion and politics...

Author: /time Magazine | Title: Pat Robertson, Financial Adviser | 5/27/2009 | See Source »

...kind of conduct. I mean, if a person acts irresponsibly in his own life, he will pay the consequences. And it's not so much divine retribution as it's built into the law of nature. If we abuse our bodies, for example, we will be subject to a host of diseases. If we abuse alcohol or drugs, we will find that we don't have jobs and our families are broken apart and we've wound up out on the street. It's the same thing with the nation. We have abused the privileges that...

Author: /time Magazine | Title: Pat Robertson, Financial Adviser | 5/27/2009 | See Source »

...think Rush Limbaugh was the 20th hijacker, but he was just so strung out on OxyContin, he missed his flight.' Comedian WANDA SYKES, slamming the conservative radio host at the White House Correspondents' Association dinner. Limbaugh publicly admitted in 2003 that he had battled an addiction to prescription painkillers...

Author: /time Magazine | Title: Verbatim | 5/25/2009 | See Source »

...Alberto Cutié made an attractive poster boy for the Roman Catholic Church: he's young, telegenic and the host of a popular Miami radio show. But since photos surfaced on May 5 showing the priest dubbed Padre Oprah frolicking with an attractive young woman, he's become a reluctant part of the centuries-old debate over clerical celibacy...

Author: /time Magazine | Title: A Brief History Of: Celibacy | 5/25/2009 | See Source »

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