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...Fiat, on the other hand, the sudden infusion of cash and the new chief executive's plans for streamlining management helped the Turin company begin a notable turnaround after its decade-long crisis and raised Marchionne to near mythical status in carmaking circles. Tuesday's joint statement notes that "Fiat would provide management services supporting Chrysler's submission of a viability plan to the U.S. Treasury as required. Fiat has been very successful in executing its own restructuring over the past several years...

Author: /time Magazine | Title: Fiat to Take 35% Stake in Chrysler | 1/20/2009 | See Source »

UPDATE: Kennedy's office released a statement from his doctor in the early evening. It quoted Dr. Edward Aulisi, chairman of neurosurgery at Washington Hospital Center as saying that "after testing, we believe the incident was brought on by simple fatigue." In the statement, Aulisi added: "[Kennedy] will remain ... overnight for observation, and will be released in the morning...

Author: /time Magazine | Title: Ted Kennedy Suffers Seizure at Inaugural | 1/20/2009 | See Source »

...This report is a calculated move to shift blame away from the government of DRC [Congo] and the international community - both of whom have failed to resolve the conflict in the eastern DRC despite numerous bilateral, regional and international initiatives in the last 14 years," read a Rwandan government statement. Tuesday's invasion can be seen as a follow-up to that argument: Rwanda, frustrated by Congolese and U.N. failure, is now trying to end the war itself, and by the by remove the ostensible reason for Nkunda's rebels to exist...

Author: /time Magazine | Title: Rwandan Troops Enter Congo | 1/20/2009 | See Source »

...hope is that government leaders have learned the lessons of the past. In a statement issued at the G-20 summit in Washington in November, the participants insisted that they understood "the critical importance of rejecting protectionism and not turning inward in times of financial uncertainty." In times of economic stress, however, it is often difficult to prioritize the greater good...

Author: /time Magazine | Title: The Threat of a Global Trade War | 1/19/2009 | See Source »

...absence of non-Christian religious leaders was felt even more deeply starting in 2001, when Graham's son Franklin ended his invocation with an exclusive statement: "We ... acknowledge you alone as our Lord, our Savior and our Redeemer. We pray this in the name of the Father, and of the Son, the Lord Jesus Christ, and of the Holy Spirit." This was not a prayer offered on behalf of all Americans but on behalf of Christians alone. It bookended George W. Bush's Inauguration with a benediction by Kirbyjon Caldwell that declared, "We respectfully submit this humble prayer...

Author: /time Magazine | Title: Missing from the Inaugural Dais: Rabbis and Priests | 1/19/2009 | See Source »

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