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...When they return to testify after Thanksgiving, it is hoped that the three CEOs will have learned from their disastrous experience. At a contentious panel Wednesday in the House Banking Committee, all three, after being repeatedly reproached for flying separate corporate jets to Washington to beg for money, refused to pledge that they would fly home on commercial planes or sell the company jets. Two of the three - GM's Richard Wagoner and Ford's Alan Mulally, who last year made a combined $37.4 million - also refused to give up their annual salaries. All the while, the trio, rounded...

Author: /time Magazine | Title: Congress Sends Detroit Execs Back — With Homework | 11/20/2008 | See Source »

...Wednesday November 4, 2008, Barack H. Obama was elected President of the United States, making him the first African-American to hold our nation’s highest post. A black man had achieved what months ago was considered impossible, and he would go down in history for doing so. As I watched him give his acceptance speech before the multitudes filling Hyde Park, tears sprang to my eyes and only one thought entered my head: “It should have been me.” I began my own campaign for U.S. president at the tender...

Author: By Jamison A. Hill, CRIMSON STAFF WRITER | Title: Obama Wins Hearts, Steals Dreams | 11/19/2008 | See Source »

...recount, which will cost taxpayers roughly $87,000, promises to be arduous. The State Canvassing Board will certify elections results on Tuesday and begin the recount on Wednesday. For the recount, election officials in 110 locations across the state will analyze by hand each of the nearly 3 million ballots to determine voters' intent. (Minnesota uses optical scanners, and many voters haphazardly filled in the intended ovals, didn't do so at all or otherwise improperly marked their ballots.) Thousands of party representatives will literally be peering over the officials' shoulders to challenge any apparent discrepancy. By law, officials must...

Author: /time Magazine | Title: Coleman and Franken: Fighting over the Minnesota Recount | 11/17/2008 | See Source »

...outgoing general who heads the Pentagon's missile defense efforts declared Wednesday that the system is "absolutely" workable. Lieutenant General Henry Obering, who is leaving his post after four years of running the program, said U.S. interests would be "severely hurt" if Obama abandons the Bush Administration's plans to expand the missile shield to Europe. "What we have discovered is that a lot of the folks that have not been in [the Bush] Administration seem to be dated, in terms of the program," Obering said. "They are kind of calibrated back in the 2000 time frame and we have...

Author: /time Magazine | Title: Why Obama Will Continue Star Wars | 11/16/2008 | See Source »

...school director's vision unfolded in front of him, the line between the impossible and the inevitable seemed to fade for the second time in a week. Many of the students had come to school Wednesday after going to the voting booths with their parents, while others had stayed out late to listen to Obama's victory speech broadcast over loudspeakers near 125th Street. That same day they wrote letters to the president-elect. "I want to change things, too", wrote Fortune Nbumbo, 7. Tatiana Jones, 9, told Obama, "You open the door not just for me, but for everybody...

Author: /time Magazine | Title: Lacrosse 110th Street | 11/16/2008 | See Source »

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