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...could we forget highlights like the Balloon Boy hoax, Mark Sanford's (ahem) hiking excursion and the gate-crashing Salahis' White House cameo? They all make the top 10 "FAIL moments" list - which also revives some gems that may have slipped your mind. Remember that time a Bolivian TV network claimed to have photos of the harrowing last moments of Air France Flight 447 - only to be informed they were actually stills of a scene from Lost...

Author: /time Magazine | Title: The Top 10 FAILs of 2009 | 12/11/2009 | See Source »

When Fritz Henderson abruptly resigned earlier this month as CEO after failing to get a vote of confidence from GM's new board of directors, chairman and acting CEO Ed Whitacre wasted no time in elevating a team of young executives to power positions, among them Mark Reuss, 46, named president of GM's North American operations, and Susan Docherty, 47, named vice president of sales and marketing, making her the most influential female executive in the company's 101-year history...

Author: /time Magazine | Title: GM's New Leaders: Ambitious for Change | 12/11/2009 | See Source »

...sharp dose of sobriety for the card company known for purveying sunny good cheer. This year's offerings are not "sugarcoated or idealistic," says Mark Andrews, product manager for Hallmark's holiday-card division...

Author: /time Magazine | Title: Holiday Cards for the Recession-Bummed | 12/11/2009 | See Source »

...this explains why Obama is being very careful about how he packages the new spending ideas, which could push the total stimulus price tag past the $1 trillion mark. For starters, he never used the word stimulus in his Dec. 8 speech to describe the new effort, perhaps because according to a Rasmussen survey, that's a concept that only one-third of Americans support. Nor did he say how much the new programs would cost. He gave few details of how they would be paid for, and he never explained when the plan would go into effect...

Author: /time Magazine | Title: Recovery Insurance | 12/10/2009 | See Source »

...brink of insolvency. The nation, in other words, is out of the operating room but not yet home from the hospital. "If we go back into recession, it's going to blow out the budget, and it's going to cost the taxpayers a lot more," says Mark Zandi, chief economist of Moody's Economy.com, who has advised both parties. (See the worst business deals...

Author: /time Magazine | Title: Recovery Insurance | 12/10/2009 | See Source »

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