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...bankruptcy court that the company might have to start the liquidation process by mid-July if it is not guaranteed an exit from bankruptcy in the next 30 to 60 days. (On July 5, Judge Robert Gerber of the U.S. Bankruptcy Court for the Southern District of New York approved the sale of GM's assets to a government-run company.) Further, if a modest recovery in sales doesn't begin soon, the bailouts of both Chrysler and GM could fail. "Our situation is perilous," says GM's LaNeve...

Author: /time Magazine | Title: How Bad Are Auto Sales? 10 Questions and Answers | 7/6/2009 | See Source »

Rikers island has held New York City's tough-guy prisoners for more than a century, but it is also populated by a much flightier group that stands accused of crimes against New Yorkers: Canada geese. Attracted by the vacant fields and easy access to water, thousands of geese have come to live on the fringes of the island, which is less than a mile from La Guardia Airport. But because the big birds have shown a propensity for colliding with jets - there have been at least 68 Canada-goose strikes in New York State in the past decade...

Author: /time Magazine | Title: Man vs. Goose: Taking the Fight to the Unruly Flock | 7/6/2009 | See Source »

...eight years now, the New York Asian Film Festival has earned "Wow"s and "Huh?"s from Manhattan audiences with its savory mix of action and art-house works from the continent that produces more movies than any other. In its scope and vigor, this is the New York film festival, and it's run not by a heavily subsidized arts institution but by a few knowledgeable guys from Brooklyn who want to share their enthusiasms with the fanboys of the tristate area. The playlist has grown from 11 features in 2002 to more than 50 this time, and includes...

Author: /time Magazine | Title: Asian Film Fireworks for the Fourth | 7/4/2009 | See Source »

...Grucci family of Long Island, New York, calls itself "America's first family of fireworks" - and has a solid claim to that title. Since the business began in 1850, Fireworks by Grucci has launched some of the nation's most spectacular pyrotechnic displays, including shows to celebrate the Statue of Liberty centennial, four Olympic Games and seven presidential Inaugurations. TIME spoke with Grucci vice president Phil Butler about this year's Fourth of July...

Author: /time Magazine | Title: The Art of Fireworks | 7/3/2009 | See Source »

...refreshing chance for me to get to tell my story that a lot of people have asked about, unfiltered." It's become de rigueur for presidential candidates to produce such tomes. There's a high bar, though; Barack Obama's Dreams from my Father has been on the New York Times best-seller list for 153 weeks in paperback, after a star turn in hardcover. Still, the mystery over the motivation for Palin's sudden departure from office is sure to raise interest in her book...

Author: /time Magazine | Title: Palin Bow-Out: Boon to Her Book Sales? | 7/3/2009 | See Source »

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