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Then comes a trickier issue. Despite talk of a post-racial America in the Obama era, Davis is acutely aware that the issue of race remains, and that he must manage it deftly. And so he does, at times directly, from the podium. "People say to me, 'You know, what you're trying to do is kind of difficult, right?' They mean different things when they say that. But ladies and gentlemen, I'm going to let other people talk about what we're not ready for. Or what they think we cannot do. I trust the people of Alabama...

Author: /time Magazine | Title: Can Alabama Spark a Democratic Revival in the South? | 4/28/2009 | See Source »

NATO undoubtedly does look inviting to most Europeans, but allow me a little Anglo-Saxon sniffiness here. Joffe admits that Europe's two big hitters are avoiding the trickier parts of Afghanistan. It seems that NATO's reputation is being built more on British (and Dutch) sacrifice than anyone else's. And while young Britons are dying in Afghanistan, it ill behoves NATO's nonperformers to dance a victory jig. Robert F. Birkett, DRINKSTONE GREEN, ENGLAND...

Author: /time Magazine | Title: AIG's Bad Reverberations | 4/20/2009 | See Source »

...trading was to execute client orders, and not trades the bank was making solely on its own. During a conference call with analysts and investors, Goldman CFO David Viniar said that most of Goldman's trading profits came from such liquid investments as Treasury bonds and not in the trickier markets for subprime mortgage bonds or credit default swaps, which can be harder to buy and sell. Goldman said it made very little money from CDS contracts it settled with AIG, but declined to comment exactly how its trading profits were generated. A Goldman spokesman said, "By putting the capital...

Author: /time Magazine | Title: Goldman's Profits: Gambling with Taxpayer Money? | 4/14/2009 | See Source »

...Facebook's admitted-student groups are yet another wild card in the college-admissions game, which is even trickier this year, given that the recession has school officials fretting over the number of students who will ultimately enroll. "I think it's safe to say that this is the most uncertain year in terms of predicting what students will do," says Christoph Guttentag, Duke University's dean of undergraduate admissions. "I honestly don't know how the economy is going to affect things." (See how one school uses financial aid to reel in students...

Author: /time Magazine | Title: Facebook's Latest Role: College Guidance Counselor | 4/3/2009 | See Source »

...Even trickier for a Democratic Administration is telling hard truths to the union. On that score, Obama's toughness has gained him some street cred in business circles - even drawing faint praise from a Wall Street Journal editorial. The task force has made it clear that GM can't afford the renegotiated wage-and-benefits package the UAW agreed to in 2007. Even using GM's best-case scenario, the company projected a negative net cash flow of $14.5 billion over the next six years. Most of that deficit can be accounted for in retiree health and pension benefits - which...

Author: /time Magazine | Title: Can Detroit Be Retooled — Before It's Too Late? | 4/2/2009 | See Source »

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