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...Inauguration, his normally buoyant spirits muted by a passing landscape of shuttered factories and municipalities in default. A quarter of the nation's workforce was unemployed; what remained of its credit system was on life support. By the time Franklin Roosevelt reached Washington on the evening of March 2, local hotels were refusing to accept out-of-state checks. Eleanor Roosevelt wondered how her family would pay its tab at the Mayflower...

Author: /time Magazine | Title: The Ghosts of '33 | 1/15/2009 | See Source »

...billion loan to GM raises hopes that the company can survive the first quarter and present a complete re-organization plan by March 31. GM hasn't said yet whether it will require additional loans during this quarter - $4 billion more has been authorized - though CEO Rick Waggoner, speaking to reporters at the Detroit Auto Show, said it is a possibility. He also said that a GM bankruptcy is still "an option...

Author: /time Magazine | Title: The Auto Bailout Keeps Growing, and Growing | 1/14/2009 | See Source »

...want people to be thinking about whether they're going to get sued?" Van Horn's attorney, Robert B. Hutchinson, did not return several calls for comment. Steinberg has requested that the supreme court hear the case again. It will decide whether to do so by March. (Read about lawsuit abuse...

Author: /time Magazine | Title: The Perils of Being a Good Samaritan in California | 1/14/2009 | See Source »

Freedom is on the march! Sort of. According to Freedom House, a nonpartisan democracy and human-rights NGO, freedom has advanced in certain pockets of the globe (shout out to you, South Asia), while having retreated in many other places (but not to you, former Soviet Republics). In this latest version of their annual report, the group surveyed 193 countries and 16 territories, labeling each either "Free" (possessing political competition and respect for civil liberties and an independent media), "Partly Free" (limited political and civil rights, often afflicted by corruption and various forms of strife, or "Not Free" (totalitarian, lacking...

Author: /time Magazine | Title: Which Nations Are Freer Than Others? | 1/14/2009 | See Source »

...England's rugby team, with an ultimatum: her name in tatters or her body in his bed. (Spoiler alert: he gets his wicked way.) And in The Ruthless Billionaire's Virgin, a shy opera singer experiences a "wardrobe malfunction" while singing the national anthem, spurring a brooding billionaire to march onto the pitch and cover her bare breast. According to Jenny Hutton, the series editor, "These stories have lovely romance, and they're really heartwarming...

Author: /time Magazine | Title: Will Rugby and Romance Be a Match Made in Publishing Heaven? | 1/12/2009 | See Source »

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