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...party to any GM or Chrysler accord that averts bankruptcy will be the bondholders, who must agree on a reduction in the amounts owed. At Chrysler, bondholders made concessions on Friday, reducing Chrysler's $6.9 billion of outstanding debt for the second time. The bondholders had earlier agreed to accept $4.5 billion; on Friday they reduced the amount further, to $3.75 billion. A final deal with creditors much be reached by May 1. Among Chrysler's biggest bondholders are JP Morgan Chase, Citigroup, Goldman Sachs and Morgan Stanley. Even if Chrysler reaches a deal with its major creditors...

Author: /time Magazine | Title: Chrysler and General Motors Make New Bids to Survive | 4/27/2009 | See Source »

...over the consecration of gay bishops.) Writing on Thursday morning in his personal blog, Mohler laid out his thoughts more clearly still. "No issue defines our current cultural crisis as clearly as homosexuality. Some churches and denominations have capitulated to the demands of the homosexual rights movement, and now accept homosexuality as a fully valid lifestyle," he wrote. "Other denominations are tottering on the brink, and without a massive conservative resistance, they are almost certain to abandon biblical truth and bless what the Bible condemns. Within a few short years, a major dividing line has become evident - with those churches...

Author: /time Magazine | Title: Will Gay Marriage Pit Church Against Church? | 4/26/2009 | See Source »

...students also cited several other concerns about Harvard’s refusal to recognize ROTC, including the fact that Harvard revokes the financial aid offers for students who accept ROTC scholarships. Panelist Christi E. Morrissey ’10 said that this policy has forced some students to leave ROTC due to financial considerations. [SEE CLARIFICATION BELOW...

Author: By Edward-michael Dussom and Evan T. R. Rosenman, CRIMSON STAFF WRITERSS | Title: Panel Discusses ROTC Challenges | 4/24/2009 | See Source »

...that the deadline for FAS staffers to accept their retirement incentive packages has passed, University spokesman Kevin Galvin wrote in an e-mailed statement that “University officials are beginning to take up the question of a faculty program in earnest...

Author: By Bonnie J. Kavoussi and Alexandra perloff-giles, CRIMSON STAFF WRITERSS | Title: Profs May Be Offered Buyout | 4/24/2009 | See Source »

...learned to be a little bit skeptical from my dad, to understand that you can believe in your country and work for your country without having to accept everything that the government does,” he says...

Author: By Sami M. Khan, CONTRIBUTING WRITER | Title: Staffer Seeks 9/11 Truth | 4/24/2009 | See Source »

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