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...early years of the automobile, car dealers took animals in trade. As time passed the largest dealerships built elaborate showrooms and spent their own money for events around new model debuts. Running a large dealership is expensive. Buying cars from the manufacturers has not been a winning proposition for many dealers over the last two years. Most have to borrow money to purchase inventory. As sales have dropped due to the recession, many vehicles stay on the lots for months. Being a car dealer went from being extremely profitable in many cases to being a no-win business. (See pictures...

Author: /time Magazine | Title: Auto Industry Says Adios to the Car Dealer | 5/14/2009 | See Source »

...Artists Formerly Known As the Winnipeg Jets. The cash-strapped Jets left Canada for Arizona more than 10 years ago - when nobody (with any degree of intelligence whatsoever) could've guessed that people who live in a desert might not dig hockey (especially if their team doesn't win regular-season games, let alone Stanley Cups). When the 'Yotes' owner filed for bankruptcy protection last week, Balsillie offered a win-win proposition: He would buy the club and move it to the richest and most ardent hockey market in the NHL - southern Ontario. There, the team would not only most...

Author: /time Magazine | Title: A Friend of the Hockey Court | 5/14/2009 | See Source »

...backyard rink in southern Ontario. Now think of that little boy growing up to become a legend, the best the game has ever seen. Now think of that legend coaching a Canadian team to the ultimate victory, lifting another Cup over his head 30 years after his first win. While his father looks on. Less than a half an hour from where Baby Wayne was born. If that story doesn't choke you up at least a little, then you're not human; or worse, not Canadian...

Author: /time Magazine | Title: A Friend of the Hockey Court | 5/14/2009 | See Source »

...Crist tried to climb into the U.S. Senate but lost to Democratic incumbent Bob Graham. After the election, Governor Jeb Bush appointed Crist as deputy secretary of the Florida Department of Business and Professional Regulation. Crist went on to win two more statewide offices: education commissioner in 2000, and attorney general...

Author: /time Magazine | Title: Florida Governor Charlie Crist | 5/14/2009 | See Source »

...There really were breakthroughs in the talks. But these were bureaucratic advances, the sort that only occasionally lead to actual changes. Holbrooke was well aware of this, of course, and he was quick to say that "no one is promising that this will win the war." He then added, with a certain pride of authorship, "But success isn't possible if we didn't do it." And he's right: for the first time, Afghan and Pakistani Ministers of the Interior sat down and hammered out a rudimentary agreement on information-sharing. Agricultural and trade delegations also...

Author: /time Magazine | Title: Obama's Partner Problem in Afghanistan and Pakistan | 5/14/2009 | See Source »

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