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...question is whether any U.S. automobile manufacturer will live long enough to enjoy it. President Barack Obama would rather bridge General Motors to the future than see it collapse, but he has now made it clear that the GM we know and don't really love is finished. So is GM CEO Rick Wagoner, who was told to hit the road, his three decades of service to GM - and strong support within the industry - now considered a liability. "This is not meant as a condemnation of Mr. Wagoner, who has devoted his life to this company," Obama said in condemning...

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

...Down the Road Anyone who is in business in 2012 will get business. For all their problems, there's no question that the Detroit Three will have some competitive cars. GM has already made the case with its award-winning Chevy Malibu. The 2009 Buick LaCrosse recently topped all midsize competitors in the dependability ratings of J.D. Power & Associates. That's a positive sign, given that Buick is such an important brand for GM in China. Ford, which is in the best shape of the Detroit Three, has found success in its new Edge, in its F-150 pickup...

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

...Wall Street firms make money when people are in pain," says Frank Partnoy, who once traded credit-derivative contracts at Morgan Stanley and is now a law professor at the University of San Diego. "I don't know if that is what is happening, but if the question is whether banks would converge on a dying body - the answer is, Absolutely...

Author: /time Magazine | Title: Have AIG's Trading Partners Profited from Its Distress? | 4/2/2009 | See Source »

...importance of sacred traditions and thought within the modern world was the topic of discussion during a well-attended open forum and question and answer session with noted professors Charles Taylor, Michael J. Sandel, and Homi Bhabha last night. More than 120 people crowded into the Barker Center’s Thompson room to attend the event organized by the Harvard University Press’ Executive Editor for the Humanities Lindsay E. Waters and professors Bhabha and Steven Biel, who are also the directors of the Humanities center at Harvard. An Emeritus professor of political philosophy at McGill University...

Author: By Brian Meija, CONTRIBUTING WRITER | Title: Taylor and Sandel Talk Spirituality | 4/1/2009 | See Source »

...Obama even risked accepting the invitation of one British hack to give election advice to Prime Minister Brown, subverting the mischievous intent behind the question with a thoughtful response. "Over time, good policy is good politics," Obama said. Moreover, "you can wake up in the morning and look in the mirror." From a President only 73 days into his job to a politician who has served, respectively, as Chancellor and Prime Minister since 1997, such a response might have seemed presumptuous. Instead Brown smiled, apparently happy to bask in the reflected glow of Obama's optimism. Hope, as Obama continues...

Author: /time Magazine | Title: On Eve of G-20, Obama Promises to Listen, Not Lecture | 4/1/2009 | See Source »

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