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...jazz-loving Marchionne, who left Italy as a teenager to move to Canada and for a while lived just across the river from Detroit, is not a micromanager. He declined to be interviewed, but in a first-person account of the Fiat turnaround published in Harvard Business Review, he talked about how he had abandoned the "Great Man model of leadership" that long characterized the Italian firm. Fiat's Great Man was the late Gianni Agnelli, grandson of founder Giovanni, whose family was nothing short of Italian industrial royalty and still controls the firm...

Author: /time Magazine | Title: Is Chrysler Too Big a Mess for Fiat's Turnaround Artista? | 6/29/2009 | See Source »

Boosting tourism, however, isn't merely about attracting foreigners: governments are also courting their own citizens. In China, local authorities have distributed domestic-travel coupons nationwide. In Wuhan, a city along the Yangtze River in central China, $146,000 worth of coupons was snatched up within 10 minutes at a promotional event, and the city has pledged more vouchers, totaling $73 million. In Britain, it's estimated that 5 million more citizens will choose a staycation this year rather than venture to the pricey euro zone...

Author: /time Magazine | Title: The Vacation Recession | 6/29/2009 | See Source »

Standing in a metal tower 120 feet over the grounds of Sacha Lodge (an ecotourism jungle lodge down the Napo River from Coca, Ecuador), signs of human occupation and exploitation do not blemish the horizon. Yet, even at this special refuge within the Amazon, Ecuador’s approaching crossroads looms, a shadow over its mostly optimistic outlook. On the motored canoe ride from Coca to the lodge, several major worksites reveal the presence of oil operations in the region; barges laden with trucks drift by. Oil has been instrumental in Ecuador’s expanding economy, but pursuit...

Author: By Alexander R. Konrad | Title: A Cloudy Future in Ecuador’s Rainforest | 6/26/2009 | See Source »

With such a reliance on developing oil revenue, Ecuador recognizes that its miles of jungle face unprecedented risk. The planned highway linking the Pacific Ocean to the Napo River will cause damage hard to assess before it strikes. With the large variability and low populations that characterize Amazon eco-systems, separating already-disperse species will have serious consequences...

Author: By Alexander R. Konrad | Title: A Cloudy Future in Ecuador’s Rainforest | 6/26/2009 | See Source »

...months after his departure as Secretary of Defense, Donald Rumsfeld occupied a suite of government-provided transition offices in a high-rise building in Rosslyn, Virginia, up the Potomac River a short way from the Pentagon. There he began sorting his papers for a memoir and charting his next course...

Author: /time Magazine | Title: Donald Rumsfeld in Repose | 6/21/2009 | See Source »

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