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Frederick "Fritz" Henderson will not have the luxury of a honeymoon phase. The new interim CEO of General Motors - whose predecessor, Rick Wagoner, resigned March 29 at the behest of the White House - inherits a company in disarray. Over the next 60 days, Henderson must engineering some kind of comeback for the sputtering carmaker, amid the glare of the media spotlight and mounting public outrage over disappearing auto jobs. (Read "Will Wagoner's Exit Put GM on the Road to Recovery...

Author: /time Magazine | Title: Fritz Henderson: GM's Interim CEO | 3/31/2009 | See Source »

Indeed, many Republicans, like Texas Governor Rick Perry, think the Obama plan should go further. Perry wants to add 1,000 National Guard soldiers to patrol his state's border, and he said on Tuesday that even more border-patrol agents should be sent as well. The White House, however, seems cool to the idea of militarizing the border, especially since potential gringo military intervention is one of the key concerns Mexicans have about the Merida Initiative, a bilateral antidrug plan that began last year and is supposed to funnel almost $1.5 billion in U.S. aid to Mexico over three...

Author: /time Magazine | Title: Obama's Other War: Fighting Mexico's Drug Lords | 3/25/2009 | See Source »

...working to whittle down AIG's trading book by $1.1 trillion. Which raises the question, Does he really need those $165 million bonus babies to finish the job? AIG says yes, because they know the trades and the system, but not everyone agrees. "This is an engineering problem," says Rick Bookstaber, a risk expert and the author of A Demon of Our Own Design, which predicted the predicament we're in. "Right now there are probably a million guys out there...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

...raise awareness of Internet privacy issues with his program. “I’m not silly enough to expect this to be downloaded by grandmothers or non-technical people. I just want to draw attention to the issue,” said Soghoian. According to Soghoian, Congressman Rick Boucher of Virginia is currently lobbying for ad-tracking to become an opt-in program, meaning that Internet users would have to consent to having their activity monitored by advertising companies. At present, internet privacy restrictions resemble those for telemarketers, for which the Federal Communications Commission has allowed people...

Author: By Michael J Ding, CRIMSON STAFF WRITER | Title: Program Halts Online Advertisement Tracking | 3/19/2009 | See Source »

...wooden but plucky CEO of GM, Rick Wagoner, told the press that if his company is allowed to go into Chapter 11, it will end up being a simple liquidation. GM will be torn into pieces and sold off as scrap. He made one good point to support his point of view. If a bankruptcy of the No. 1 U.S. car company drags on for several months, potential auto buyers will purchase vehicles from competitors that they view as being "safe". No one wants to buy a car that won't be serviced. Wagoner has made this point before...

Author: /time Magazine | Title: General Motors Checkmates Obama in Two Moves | 3/18/2009 | See Source »

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