COVER STORY Why GM's Plan Won't Work ...and the ugly road ahead COVER IMAGE: Why GM's Plan Won't Work CHART: Cash Flow Scenarios GRAPHIC: Report From The Labor Wars GRAPHIC: Promises, Promises GM And VW: How Not To Succeed In China The two giants are losing sales to rivals offering cheaper cars with features Chinese buyers love GRAPHIC: First Mover Disadvantage Online Extra: GM's Ace in the Hole: Cash Liquid reserves of at least $45 billion help the carmaker keep its credit rating above junk and give it some flexibility to maneuver GRAPHIC: Cash Cushion Online Extra: 10 Turning Points for GM It has made some painful missteps over the recent past. Here's a look back at some key developments in its downturn Online Extra: Five for the Future Interactive Slide Show UP FRONT Talk Show Goodbye To Private Accounts? IPO Pals' Payoff Blinders For Those Eyes In The Sky Cool For Christ Victoria Hale: Nonprofit Drugs For The Poor For Big Blue, A Matter Of Some Gravity VOICES OF INNOVATION Dr. Francis S. Collins: On The Trail Of Disease Genes ONLINE EXTRA: A Genome Pioneer Looks Forward READERS REPORT Business Schools: Seconding The No-Confidence Vote A To-Do List For The New Pope What A Realtor Brings To The Table CORRECTIONS & CLARIFICATIONS "When Patients Say: Don't Ban My Drug" (News: Analysis & Commentary, Apr. 25, 2005) "At Last, A Phone That Takes Dictation" (Technology & You, May 2, 2005) BOOKS Invasion Of The Brain Snatchers The BusinessWeek Best-Seller List (.pdf) TECHNOLOGY & YOU Tiger Makes Mac's Edge Even Sharper ECONOMIC VIEWPOINT Iraq: One Nation Under Allah INDUSTRY INSIDER Watts Humphrey: He Wrote The Book On Debugging (extended) BUSINESS OUTLOOK U.S.: Businesses Won't Slip On The Oil Slick Britain: Skittish Consumers, Stalled Policy NEWS: ANALYSIS & COMMENTARY The Economy: Why It's Not Déjà Vu The Midwest Isn't Feeling Motor City's Pain Why HP Is Pruning The Printers A Pretty Shiny Quarter After All ONLINE EXTRA: First-Quarter Flash Profits Survey (.pdf) Commentary: Genentech's Lessons For Big Pharma Commentary: This Big Oil Deal Shouldn't Hurt A Bit Taking Video Games To The Next Level IN BIZ THIS WEEK Alan Mulally: Takeoff At Last Squaring Off With The SEC A Winning Hand In Cards Operation Mendocino More Agony At AIG Et Cetera... Closing Bell: Visteon WASHINGTON OUTLOOK Damn The Deficit, And Pile On The Pork A Make-Or-Break Moment For Frist ASIAN BUSINESS Wanted: A Big Broom For China's Banks Pakistan: Better Late Than Never In Outsourcing ONLINE EXTRA: Making Pakistan Secure -- and Inviting (extended) Why Handset Giants Are Dialing Up India Electric Bikes: An Idea Whose Time Has Motored In? EUROPEAN BUSINESS The Unraveling Of Rhodia Europe's Tech Outfits Hurry To The Altar Surf's Up, Dude -- In Europe, That Is Russia: From Rags To Cell-Phone Riches LATIN AMERICA Argentina: Reversal Of Fortune Commentary: Latin America: The Downside Of People Power INTERNATIONAL OUTLOOK There's No Holding Back China's Textile Tide A Further Shake-Up At Sony Corp. Foreign Carmakers Still Eye Russia ECONOMICS How The Net Is Remaking The Mall GOVERNMENT Bush's Reluctant Business Allies THE CORPORATION BW 50: Can Caremark's Health Hold Up? INFORMATION TECHNOLOGY Lenovo and IBM: East Meets West, Big-Time ONLINE EXTRA: Turning Two Tech Teams into One FINANCE Fee-Based Accounts: A Poor Fit For Investors? Startup Millionaires Even Before The IPO The Tremors From Two Trading Titans LOGISTICS From Choked Ports, Pricier Products ENTERTAINMENT NBC: Now It's Wait-And-See TV MANUFACTURING Can Tomoyo Nonaka Get Sanyo Back On The Beam? SCIENCE & TECHNOLOGY Commentary: Biotech Drugs: Where Are The Generics? PERSONAL BUSINESS Micro Loans, Solid Returns This Bull Hasn't Given Up Hope Putting The New Food Pyramid To Work Hotels That Have A Story To Tell ONLINE EXTRA: Historic Hotels Slide Show FOOTNOTES A Cornucopia Of Crafts From Seven Nations Move Over, Portugal All In The Aroma THE BARKER PORTFOLIO Why Wal-Mart Is Still A Smart Buy INSIDE WALL STREET How Now, Dow Jones A New Dawn For Sun Microsystems? Starbucks' Brew May Be As Rich As Ever FIGURES OF THE WEEK Figures of the Week (.pdf) Online Extra: Production Index Components EDITORIALS How To Keep GM Off The Disassembly Line INTERNATIONAL -- READERS REPORT AIG Learned The Wrong Lessons From Asia Michigan And Germany Aren't In The Same Boat It's Not Easy Being A Japanese Student -- Or Parent INTERNATIONAL -- CORRECTIONS & CLARIFICATIONS "Dealmakers Are Dialing Again" (European Business, Apr. 25, 2005) "Plays For Investors With Steely Nerves" (Global Finance Special Report, Apr. 18, 2005) "The Glass Ceiling Stays Put" (Asian Business, May 2, 2005) INTERNATIONAL -- FINANCE Asia's Bond Boom Is Showing Its Age New York Knowhow At A Czech Savings Bank INTERNATIONAL -- INT'L FIGURES OF THE WEEK Int'l Figures of the Week
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