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...decades of service to GM - and strong support within the industry - now considered a liability. "This is not meant as a condemnation of Mr. Wagoner, who has devoted his life to this company," Obama said in condemning him. "Rather, it's a recognition that it will take a new vision and new direction to create the GM of the future." In Wagoner's place, the President promoted COO Fritz Henderson, who has worked at the company for 25 years. Henderson gets the message: "One, go deeper, go harder; and second, go faster. And so we got it. We understand exactly...

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

...recent Sunday, Keley Hill piloted a 39-ft. (12 m) Midnight Express powerboat near the border. The boat sloshed in the 4-ft. (1.2 m) chop, running lights out to avoid detection. Supervisory agent Mark White stood on the bow, peering through night-vision goggles that revealed an empty sea clear out to Coronado island, 8 miles (13 km) away. Hill, director of the CBP's marine-interdiction unit in San Diego, busied himself scanning the green squiggles on the radar screen and radioed to agents in helicopters hovering above the coastline. "They're the bird dogs," Hill says...

Author: /time Magazine | Title: Watching for Immigrants Off California's Coast | 3/26/2009 | See Source »

...this magazine, Henry Luce, published an essay in LIFE celebrating a national history that had "teemed with manifold projects and magnificent purposes ... It is in this spirit that all of us are called, each to his own measure of capacity, and each in the widest horizon of his vision, to create the first great American Century." And so we did. The question now is how far we can extend our heyday of manifold projects and magnificent purposes. Golden ages and empires do come...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...same goes for our individual senses of lifestyle entitlement. During the perma-'80s, way too many of us were operating, consciously or not, with a dreamy gold-rush vision of getting rich the day after tomorrow and then cruising along as members of an impossibly large leisure class. (That was always the yuppie dream: an aristocratic life achieved meritocratically.) Now that our age of self-enchantment has ended, however, each of us, gobsmacked and reality-checked by the new circumstances, is recalibrating expectations for the timing and scale of our particular version of the Good Life. Which, of course, fuels...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...lead - meaning the ability to build coalitions to attack the world's problems. Gelb is a prickly moderate. He does not mince words. "Republicans act like rabid attack dogs in and out of power, and treat facts like trash," he writes. "Democrats seem to lack the decisiveness, clarity of vision and toughness to govern...

Author: /time Magazine | Title: Obama on the World Stage: What Power Means | 3/26/2009 | See Source »

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