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...city of roughly 113,000, which counts the company as its largest employer. Caterpillar hasn't disclosed how many of its displaced workers live in this region, but about one-quarter of its global workforce is based in Illinois, mostly around Peoria. As light snow fell late Tuesday afternoon, dozens of Caterpillar workers marched out of a company plant on the far edges of the city. Their faces were grim. No one was in the mood to talk. The last time Caterpillar faced a similar crunch was in the early 1980s, when the company had to deal with the combination...

Author: /time Magazine | Title: Caterpillar Layoffs: How They're Playing in Peoria | 1/29/2009 | See Source »

...Tuesday, Rickie Doty, president of the UAW Local 974 here, sat in his office and carefully considered the future. Just one day earlier, Caterpillar Inc., his employer of 35 years and one of the world's leading purveyors of construction equipment, announced it would shed some 20,000 jobs - nearly one-fifth of its global workforce. The announcement just made things official: the bulk of that astonishing figure is already off the Peoria company's books, including some 2,500 management-level personnel who accepted buyouts in recent weeks and 8,000 people who worked on contract or through agencies...

Author: /time Magazine | Title: Caterpillar Layoffs: How They're Playing in Peoria | 1/29/2009 | See Source »

Other Catholic leaders hailed the choice of Cyril, who received 508 of the 700 votes cast at Tuesday's balloting among a commission of lay and clergy leaders in Moscow's Christ the Savior Cathedral. He defeated a conservative rival, Metropolitan Kliment. "This was the best result we could have hoped for," said one Rome-based Catholic priest involved in ecumenical dialogue. "He's always been a moderate, and open minded, and now that he's reached the top, he's free to pursue closer ties with [the Vatican]." (See 10 things to do in Rome...

Author: /time Magazine | Title: Will the Pope Meet Russia's New Patriarch? | 1/28/2009 | See Source »

...Church's tight bureaucratic machinery. He is believed to have maintained close relations with Vladimir Putin since he took over as Russian President in 2000. Both Putin, who is now Prime Minister, and current President Dmitry Medvedev, called the new Patriarch soon after the votes were tallied on Tuesday. It is widely believed that no Patriarch can emerge from the tightly controlled process of candidates? selection and voting, unless vetted by the Kremlin...

Author: /time Magazine | Title: Will the Pope Meet Russia's New Patriarch? | 1/28/2009 | See Source »

...moment, the Obama Administration is being careful to publicly distance the Special Envoy from the region's most intractable problem. State Department spokesman Robert Wood told reporters on Tuesday that "it's not in [Holbrooke's] mandate...to deal with the subject of Kashmir." And the White House has also been careful to deny that India's lobbying played any role in the formation of Holbrooke's diplomatic charge; not only has it insisted that it held no meetings with foreign governments or their representatives with respect to the assignment, but it has also claimed that Obama never actually intended...

Author: /time Magazine | Title: Will Kashmir Be an Obama Foreign Policy Focus? | 1/28/2009 | See Source »

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