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Dates: during 2000-2009
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...Neither can General Motors'. The company is in the process of axing 1,100 of its 6,000 dealers. When the march of time, the sins of management and the scythe of a bad economy conspire to bankrupt once great companies, who pays? The sort of person, in the words of Tennessee Senator Bob Corker, "who ran a profitable business, civic leader, always responsible," who "very unfortunately" is "going to take a lot of pain" for the mistakes of others. A guy like Steve Weinberg. "It breaks your heart," says the Senator. (See the 50 worst cars of all time...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...arrangement: The government would put up the money. The UAW's Voluntary Employee Beneficiary Association (VEBA) - a trust set up at Chrysler and other U.S. carmakers to shift retiree health-care obligations off company books - would own a majority of the shares. Fiat would run the place. And some sort of entity called Chrysler would survive. Despite the protests of some bondholders, the deal was sent to receive the blessing of a bankruptcy judge...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...this is a different year, and Gates is a different sort of Defense Secretary. He warned the legislators that each decision was "zero sum." Any money that went to things he didn't want would come out of programs necessary to support the troops fighting in Iraq and Afghanistan. (Read "Can Robert Gates Tame the Pentagon...

Author: /time Magazine | Title: Robert Gates: The Bureaucrat Unbound | 5/28/2009 | See Source »

...some of these paintings and drawings - both those by him and of him," says Emilie Sergent, a 28-year-old art apprentice who furiously noted down the starting and sale price of most of the objects, even though she couldn't afford any of them. "I guess coming here sort of let me feel like I could get inside le mime Marceau's world for the last time before it gets split...

Author: /time Magazine | Title: Marcel Marceau's Not-So-Silent Auction | 5/27/2009 | See Source »

...this sort of all-American cachet. It's kind of like baseball and apple pie. It's also something that anybody can try, sort of like playing Scrabble - it's easy to get the hang of. And these kids are right at an age where they're like adults, but they're not adults, and they don't have a game face, so it's fun to watch them. You can read the storms, watch the sun come out - you can see all that on their faces when they get a word...

Author: /time Magazine | Title: Spelling Bee Pronouncer Jacques Bailly | 5/26/2009 | See Source »

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