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...slated to become a majority owner. The creditors' new plan suggests giving them a controlling equity interest instead and keeping the government (i.e., American taxpayers) as a creditor. Obama has made it clear that he has no interest in running a car company, so this offer may be one worth considering...

Author: /time Magazine | Title: Could Creditors Scuttle a GM Deal Like Chrysler's? | 4/30/2009 | See Source »

...threat of travel restrictions spreads, it's those kinds of inconveniences - not health concerns - that put some people off their vacation plans. Yvonne Worth, 50, a freelance editor in London, says she's debating whether to travel to New York and Massachusetts to visit old friends because she worries the airline will cancel her flight. "If I book a ticket and end up losing it because of travel restrictions, I may not get my money back," she says. "Maybe I'll go see somebody in Amsterdam instead." Apparently not even a deadly virus can kill the travel bug in some...

Author: /time Magazine | Title: To Travel or Not to Travel? A Swine Flu Dilemma | 4/30/2009 | See Source »

...Once the virus has spread beyond its initial focus, travel restrictions just aren't effective," says Ira Longini, a biostatistician at the University of Washington. With 4,000 flights a day between the U.S. and Mexico, "it's not worth the social disruption it would cause...

Author: /time Magazine | Title: Why Border Controls Can't Keep Out the Flu Virus | 4/30/2009 | See Source »

Instructive, but we're still talking about burgers. What makes the Snyders' story worth reading is that it's as much cultural history as corporate. The company evolved in perfect sync with postwar Southern California, whose car culture and highway-fed suburbs blossomed as In-N-Out was building the first drive-throughs...

Author: /time Magazine | Title: Business Books | 4/30/2009 | See Source »

...looks far worse for Toronto-based Nortel Networks, a key supplier to North American telcos and once the brightest light in the Canadian economy. It was worth $250 billion, or about 35% of the total market capitalization of the Toronto Stock Exchange, before it flamed out in the post-dotcom bust. Earlier this year, Nortel, a company with $10.4 billion in annual revenues that has spent nearly a decade mired in accounting scandals and feckless attempts to reinvent itself, initiated bankruptcy proceedings. It will probably sell its most prized assets to chief rivals, including Nokia Siemens Networks and Avaya...

Author: /time Magazine | Title: Nortel's Nadir | 4/30/2009 | See Source »

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