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...brute financial haircuts involved in these bankruptcies, at heart they are animated by the audacity of hope. The hope that Fiat's Sergio Marchionne can translate his turnaround mojo into a language Chrysler can understand. The hope that, having poured at least $1 billion into the innovative but commercially suspect Chevy Volt plug-in, GM can pivot into less costly hybrid and high-efficiency diesel technologies. (Perversely, the Administration might hope for $4-a-gallon gasoline to aid that quest...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...discrimination suit against the city of New Haven, Conn., after the city decided in 2004 not to certify the results of a job-promotion exam because no African Americans had scored high enough to be promoted. The city argued that federal law treats tests resulting in such outcomes as suspect, meaning that New Haven would probably have been sued by the minorities who failed the test had the white firefighters been promoted...

Author: /time Magazine | Title: Sonia Sotomayor: A Justice Like No Other | 5/28/2009 | See Source »

...five Miami-based men of conspiring to blow up the Sears Tower, Chicago's landmark skyscraper, in 2006. Ringleader Narseal Batiste, who was captured on tape swearing allegiance to al-Qaeda and threatening to "kill all the devils," faces up to 70 years in prison. He was the only suspect convicted on all charges--one was fully acquitted and one exonerated in a previous trial--in a protracted case that some experts said lacked convincing evidence. Defense lawyers vowed to appeal the convictions...

Author: /time Magazine | Title: The World | 5/25/2009 | See Source »

...Afghanistan POISON-GAS ATTACKS At least 84 Afghan girls were admitted to a hospital in the small town of Mahmud Raqi for nausea and headaches after the third apparent poisoning at a school in less than three weeks. Officials suspect Islamic extremists, who have been known to burn down schoolhouses and spray acid in schoolgirls' faces. Women could not attend classes under the Taliban...

Author: /time Magazine | Title: The World | 5/25/2009 | See Source »

...Baghdad Friendly Fire An American soldier who had recently been referred for counseling allegedly gunned down five fellow service members at a combat-stress clinic on a U.S. military base. A communications specialist from Texas on his third tour in Iraq, the suspect, Sergeant John M. Russell, 44 (pictured), was charged with five counts of murder and one of aggravated assault in the U.S.'s deadliest soldier-on-soldier attack of the Iraq...

Author: /time Magazine | Title: The World | 5/25/2009 | See Source »

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