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Frederick "Fritz" Henderson will not have the luxury of a honeymoon phase. The new interim CEO of General Motors - whose predecessor, Rick Wagoner, resigned March 29 at the behest of the White House - inherits a company in disarray. Over the next 60 days, Henderson must engineering some kind of comeback for the sputtering carmaker, amid the glare of the media spotlight and mounting public outrage over disappearing auto jobs. (Read "Will Wagoner's Exit Put GM on the Road to Recovery...

Author: /time Magazine | Title: Fritz Henderson: GM's Interim CEO | 3/31/2009 | See Source »

...Henderson became GM's chief financial officer, and in March 2008 ascended to president and chief operating officer - a promotion that left him as Waggoner's heir apparent...

Author: /time Magazine | Title: Fritz Henderson: GM's Interim CEO | 3/31/2009 | See Source »

...speech made to the U.S. Hispanic Chamber of Commerce on March 10, Obama declared that “America’s future depends on its teachers.” Reforming teacher layoff procedures will help ensure that, even in a down economy in which hard choices must be made, good teachers stay in the classroom, where they can continue with the invaluable task of educating our youngest citizens...

Author: By Adrienne Y. Lee | Title: Scalpels, Not Hatchets | 3/30/2009 | See Source »

...declared that the government needed to use a “scalpel” instead of a “hatchet” to reduce spending. The state of California, however, seems to have no problem with using a hatchet to address its current budget crisis. As of mid-March, the government will have issued over 25,000 pink slips to teachers statewide, to the outrage of teachers, parents, and students alike...

Author: By Adrienne Y. Lee | Title: Scalpels, Not Hatchets | 3/30/2009 | See Source »

...While the dire economy has taken some of life out of the party - travel website Expedia estimates that flights to spring break destinations in the Caribbean are down as much as 20% this year - the collegiate rite of passage, which traditionally occurs between the first weekend in March and Easter Sunday in April, is still very much in full cry: according to student discount-travel agency STA Travel, the average spring breaker spends $1,100 for their seven-night trip (many of which they will be too drunk to remember). In Florida, while annual visitor numbers dropped for the first...

Author: /time Magazine | Title: Spring Break | 3/30/2009 | See Source »

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