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...would be affected by its bankruptcy, the issues are more prosaic. Consider that scores of suppliers could go under if GM does. Or think of the money owed to hundreds of companies that provide all manner of services to GM. One creditor in the Enron bankruptcy was a local lock-and-safe company; another was an airport car-service firm. Hiring out-of-state lawyers, traveling and staying for months in a city far from home - these might be prohibitive costs to outfits already reeling from GM's fate. "There is no district in this country that has a greater...

Author: /time Magazine | Title: GM's Potential Bankruptcy: Shopping for a Venue | 4/9/2009 | See Source »

...short of hotel space. Tapping their RISD backgrounds, they designed fanciful Obama O's and Cap'n McCain's cereal boxes and sold $30,000 worth as collector's items, which kept them going. With their guerrilla lodging site and their cereal boxes, they got on CNN, on many local newscasts and in the New York Times and the Wall Street Journal. And their site grew - enough to garner $20,000 from Y Combinator, the venture firm. (See pictures of the best Obama Inaugural merchandise...

Author: /time Magazine | Title: The New Internet Start-Up Boom: Get Rich Slow | 4/9/2009 | See Source »

...Local contractor Wayne Mayo, 54, has watched this long slump up close. Like many other people in St. Helens, he used to work in the timber industry, as a lumber broker. But his more recent turn, as a general contractor, brought him face-to-face with an economic force he felt he could influence: illegal immigration. Although St. Helens has a relatively small Hispanic community - some legal, some illegal - the town is just 30 miles (about 50 km) from major population centers like Portland and Beaverton, close enough that out-of-town contractors with crews of underpaid, underdocumented construction workers...

Author: /time Magazine | Title: Despite Backlash, Illegal Immigrants Stay Put | 4/9/2009 | See Source »

Mayo is a former lay minister whose brand of genial grievance would make him a perfect AM-radio host. He had long been a presence in the local Op-Ed pages, campaigning vigorously against everything from a porn store near the high school to an unsafe highway pass. He started speaking out on illegal immigration, hectoring elected officials and writing a stream of e-mails to local newspapers. Eventually he wrote a ballot initiative, a bill to levy fines against employers of illegal immigrants. He was outspent and outorganized by regional activist groups - he raised $430, they raised more than...

Author: /time Magazine | Title: Despite Backlash, Illegal Immigrants Stay Put | 4/9/2009 | See Source »

...Taepo Dong-2 leaves its launchpad at 11:30 a.m. local time on April...

Author: /time Magazine | Title: The World | 4/9/2009 | See Source »

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