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...Detroit may still collapse. This will be determined by the federal government. The government can keep the industry on life support even if GM (GM) and Chrysler do not get cooperation from the UAW and creditors. If the two firms are thrown into bankruptcy, the number of people then out of work would conservatively be measured in hundreds of thousands. (See pictures of Detroit...

Author: /time Magazine | Title: The Economy: A Portrait Of The 2012 Inauguration | 1/20/2009 | See Source »

...honored to hear that she's a fan," Toledo said after learning that Obama had worn one of her designs during the campaign. "She chose to wear a dress made by a Latina and made in the U.S.," the designer told the New York Daily News. "She chose to support the industry here...

Author: /time Magazine | Title: Michelle Obama's Dress: A Bold Choice in Designer Isabel Toledo | 1/20/2009 | See Source »

Harry Truman, who became the holder of the first Medicare card for his support of the legislation, also succeeded in getting a bill passed in 1958 that provided former presidents with a pension, staff, and office space. Prior to that, ex-presidents received no such retirement benefits (Truman was fairly broke when he left office). And finally, Richard Nixon mediated a baseball umpire's strike in 1985. We don't know what to make of that either...

Author: /time Magazine | Title: Presidential Second Acts | 1/20/2009 | See Source »

...Initiatives: "The 44th president should indicate his intention to reform the Bush initiative by issuing a new executive order within his first 100 days in office to reauthorize and renamed the Faith-Based Office...The White House should make clear that the central mission of the office is to support an agenda to fight domestic and global poverty...

Author: /time Magazine | Title: Obama's Progressive Manual for Change | 1/20/2009 | See Source »

...Ramesh Krishnan, another software engineer. "I have been with Satyam for 10 years ... I feel a certain affiliation to the organization. But I also worry about my future." On Jan. 15, several hundred Satyam employees gathered outside Chanchalguda prison in Hyderabad, where Raju is being held, to express support for their former boss. Indian corporate culture has long been grounded by an unspoken bond between workers and management that is based on loyalty and an employer's sense of responsibility for his charges...

Author: /time Magazine | Title: India Tries to Save Jobs After Satyam Scandal | 1/20/2009 | See Source »

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