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...economy in meltdown, two wars to fight and a need to find his feet quickly, Obama may not have the time to rewrite Bush's rulebook, even if it does hurt the planet. "It's a huge burden on a new presidency that already faces more than its fair share of burdens," says Vickie Patton, a senior attorney with the Environmental Defense Fund. Bush's messes won't be cleaned up easily...

Author: /time Magazine | Title: Obama Cleans Up After Bush | 1/24/2009 | See Source »

...sold up to 7 million copies a month but has been losing money for years. In the third quarter of 2008 alone, the publishing sector of Playboy Enterprises Inc. lost $1.3 million. While Playboy is still the best-selling men's magazine (circ. 2.6 million), its market share has been eaten away by lad mags like FHM and Maxim. The publication is kept alive because apart from its historical importance to the Playboy brand, it is said to be much beloved by Hefner, who is still its editor in chief. But longtime Playboy Enterprises Inc. CEO and even longer time...

Author: /time Magazine | Title: Playboy Shows Signs of Withdrawal | 1/24/2009 | See Source »

...possible scenario under the many current agreements could have the Treasury exercising its warrants for non-voting shares, Fiat raising its stake to 55%, Daimler holding onto its share, and Cerberus and the executives holding the rest. Or, nobody could choose to exercise their rights, and Cerberus would remain the majority owner. (See the 50 worst cars of all time...

Author: /time Magazine | Title: So Who Owns Chrysler Now? | 1/23/2009 | See Source »

...Wyeth already have development teams working on drugs which may not even be tested for two or three years. Putting the two corporations together is not likely to make the combined operation grow faster. It is not like putting two search engine companies together because having more market share allows the new firm to raise prices as it delivers more customers than any of its competition...

Author: /time Magazine | Title: Pfizer and Wyeth: A Merger as a Way to Fire People | 1/23/2009 | See Source »

...transition is destined to founder a bit in its first days at the White House. So while the new Obama Administration did jump out of the gate with major announcements on ethics guidelines, the planned closing of Gitmo, and a tightening of interrogation policies, it also endured its fair share of slip-ups. (See behind-the-scenes pictures of the Inauguration...

Author: /time Magazine | Title: The Obama Team's Debut: Not Quite Ready on Day One | 1/23/2009 | See Source »

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