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...that sense, GM is getting off easy: Obama's task force gave Chrysler just 30 days to seal its proposed partnership with Italy's Fiat Group - or else join the likes of American Motors, Packard and Studebaker in the auto graveyard. If Chrysler gets the deal done, the government will lend it $6 billion to sustain its operations. But Chrysler's owner, Cerberus Capital Management, will leave with zero of its $7.4 billion original investment. (See the 12 most important cars of all time...

Author: /time Magazine | Title: Can Detroit Be Retooled — Before It's Too Late? | 4/2/2009 | See Source »

...Africa, Business Destination" was a welcome recognition of the importance of trade and business development as tools for combating poverty [March 23]. But I have to correct a suggestion in the piece that Bono and Bob Geldof seek to represent Africans in their work as activists. They work in partnership with leading Africans but never suggest they represent Africans. Bono and Geldof represent themselves and others who want to see the world's richest governments keep the commitments they have made to Africa. These two have also argued that trade and investment will be more important than aid. But while...

Author: /time Magazine | Title: 10 Ways to Change the World | 4/2/2009 | See Source »

...then, both nations have been paralyzed by economic crisis and political turmoil. Until the situation in these countries is stabilized—which, given the international financial crisis, may not occur for a few more years—NATO should be reluctant to grant them Membership Action Plans. The Partnership for Peace program—which encompasses a far larger group of countries with a distinct interest in maintaining political stability on the continent—should instead be used as a dialogue to mediate between these states and their former imperial master...

Author: By Eugene Kim | Title: Building a Better NATO | 4/1/2009 | See Source »

...While these developments—as well as the expansion of the alliance into the central European region in 1999 and 2004—are encouraging, the transatlantic partnership must return to its roots. If NATO is to remain relevant to European security, the organization must refocus its energies toward defending its newest and most vulnerable members against a Russian resurgence. At the same time, harebrained schemes for further expansion must be reconsidered. Toward that end, NATO must adopt a more comprehensive agenda—one that tackles larger issues like energy and information security, economic stability, and the details...

Author: By Eugene Kim | Title: Building a Better NATO | 4/1/2009 | See Source »

...want to give away all of our good news," said Gibbs, raising the stakes even higher. Indeed gifts are not the only petty detail that can soil an international relationship. The British press has also harped on the fact that Obama once referred to the "special partnership" between Britain and the U.S., instead of the traditional evocation of the "special relationship." Such granular details manage to exhaust some on Obama's staff. "I continue to be mystified about the difference between the two words," says Gibbs...

Author: /time Magazine | Title: Obama in Europe: Facing Four Big Challenges | 3/31/2009 | See Source »

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