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...maintaining a dealership network created for an era when Chevy and Buick could support separate distribution systems. GM plans to reduce its dealer count 27%, to 4,700. "Certainly, having seven or eight brands for 25% of the market is far more than you need," says Ron Harbour, the partner in charge of consultancy Oliver Wyman's North American automotive practice...

Author: /time Magazine | Title: Is This Detroit's Last Winter? | 12/4/2008 | See Source »

Many members were particularly wary about how Chrysler, which is controlled by a private-equity fund and has made no secret that it's shopping for a merger partner, will spend the money. "It troubles me a little bit knowing that basically all we're really doing is providing a little capital for y'all to hang around long enough to get married," said Republican Bob Corker of Tennessee...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

...Obama's victory represents not only a change in the economic order but also the primacy of some fundamental freedoms. It has been our "conservative" party, the supposed champion of liberty, that curtailed the right of habeas corpus, the right to enter into a lifelong relationship with a chosen partner and the right not to be subjected to unwarranted surveillance from our government. Bill Brownson, Woodland, Calif...

Author: /time Magazine | Title: Inbox | 12/4/2008 | See Source »

...different kind of motion: ballet. Currently on the Swiss stage with the Zurich Ballet Company, the physics concentrator began dancing at the age of 13 in Southern California. She practiced ballet throughout high school and performed with the Harvard Ballet Company on campus. Moore’s partner in many HBC dances has been Kevin Shee ’10. “[Merrit’s] pretty much one of the most fun people I’ve ever known—quirky, and everything awesome,” says Shee. So when vacation rolled around last year, Moore...

Author: By Li S. Zhou, CONTRIBUTING WRITER | Title: Center Stage in Switzerland | 12/3/2008 | See Source »

Brisset says China is now exploiting recent history to use France as a wedge with which to divide Europe, export-dependent China's second largest trading partner. "China faces real trouble on human rights, trade, the ecology, and how it has managed the economic and financial crisis, and it doesn't want further problems from Europe," Brisset says, noting that the E.U. recently introduced new tariffs on Chinese goods. "If Sarkozy recognizes China is attacking France to divide Europe, and insists the E.U. come up with a firm collective stand to replace weak bilateral accords, this could be an opportunity...

Author: /time Magazine | Title: Why China Keeps Picking on Sarkozy | 12/2/2008 | See Source »

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