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Long after we’ve all forgotten what he actually did or did not do for General Motors, America will remember CEO Rick Wagoner for his injudicious use of executive privilege. Wagoner and his colleagues at Ford and Chrysler gained notoriety for flying in three separate private jets to...

Author: By Ellen C. Bryson | Title: He’s Leaving, But Not on a Jet Plane | 4/6/2009 | See Source »

Most of the hallmarks of the foreign policy of George W. Bush are gone. The old conservative idea of "American exceptionalism," which placed the U.S. on a plane above the rest of the world as a unique beacon of democracy and financial might, has been rejected. At almost every stop...

Author: /time Magazine | Title: Barack Obama's New World Order | 4/3/2009 | See Source »

Recording my expenses in a journal kicked things to a whole new level. I always thought I was fairly responsible with money. I don't have credit-card debt, I put a decent slug of my salary into my 401(k), and even though I spend a ridiculous percentage of...

Author: /time Magazine | Title: How Much Less Can You Spend? | 3/29/2009 | See Source »

As far as Mexican attempts to halt trafficking, a newly elected President Felipe Calderón declared open season on drug cartels just days after being sworn into office in 2006 when he sent 6,500 troops to quash a rash of execution-style killings between two rival drug gangs...

Author: /time Magazine | Title: The War on Drugs | 3/25/2009 | See Source »

Under E.U. rules, all meetings of the 27 members - from the summits of leaders to technical gatherings of civil servants - are chaired by the country holding the reins. The collapse of the Czech coalition means that many of the ministers and officials directing the E.U.'s work could be replaced...

Author: /time Magazine | Title: Czech Government's Collapse Hits the E.U. | 3/25/2009 | See Source »

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