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...recovery will rest on its ability to hold on to customers or win over new ones. That's no small task, as GM has been forced to skimp on cash for engineering during its yearlong financial crisis. Even so, GM is off to a good start with its new Camaro, which shows signs of becoming a runaway hit. According to Ed Peper, the general manager of the Chevrolet division, which accounts for 70% of the new GM's total sales, Chevy dealers already have 25,000 orders for the Camaro, making it the hottest car GM has rolled...

Author: /time Magazine | Title: Can GM's New Models Woo Back Buyers? | 7/15/2009 | See Source »

...have good friends that come to our aid in the short term, but they'll move on. Only the private sector is sustainable. There was a time when we were an exporter of coffee, cocoa, rubber and palm oil; in minerals diamonds, gold and iron ore. Our task now is to reactivate all of those sectors [while looking at] new areas [like] our offshore oil potential...

Author: /time Magazine | Title: 'Look Across Africa and See the Major Changes that are Happening' | 7/13/2009 | See Source »

...opportunity to change things. That's the kind of tough transition that we're going through right now. Part of it has to do with a change in the culture, moving from dependency to self-reliance, mediocrity to good performance, dishonesty to accountability. That's a more difficult task than fixing the roads and restoring the lights...

Author: /time Magazine | Title: 'Look Across Africa and See the Major Changes that are Happening' | 7/13/2009 | See Source »

...expected time delay between the moment someone loses her job or home and the moment she enters the shelter system." While the agency plans to begin issuing quarterly "pulse reports" to keep pace with the issue, counting people who have fallen through society's cracks is no easy task. The Obama Administration's $787 billion economic-stimulus package allots $1.2 billion for combating homelessness, but without a full understanding of the problem's scope - and with the unemployment rate creeping toward double digits - the struggle to contain it will continue...

Author: /time Magazine | Title: The State of Homelessness in the U.S. | 7/13/2009 | See Source »

...year civil war between the government and the separatist Liberation Tigers of Tamil Eelam (LTTE) came to a dramatic end in May with a decisive military victory and the killing of Velupillai Prabhakaran, the Tigers' fearsome leader. President Mahinda Rajapaksa is the man who tamed the Tigers. Now his task is to heal a nation still divided by tensions between the majority Sinhalese and the minority Tamils. In a rare, wide-ranging interview, Rajapaksa, 63, talked with TIME's Jyoti Thottam at the President's official compound in Colombo on July...

Author: /time Magazine | Title: The Man Who Tamed the Tamil Tigers | 7/13/2009 | See Source »

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