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...Even trickier for a Democratic Administration is telling hard truths to the union. On that score, Obama's toughness has gained him some street cred in business circles - even drawing faint praise from a Wall Street Journal editorial. The task force has made it clear that GM can't afford the renegotiated wage-and-benefits package the UAW agreed to in 2007. Even using GM's best-case scenario, the company projected a negative net cash flow of $14.5 billion over the next six years. Most of that deficit can be accounted for in retiree health and pension benefits - which...

Author: /time Magazine | Title: Can Detroit Be Retooled — Before It's Too Late? | 4/2/2009 | See Source »

...want [a minaret], because for them it symbolizes a mosque," says Omar Khalidi, an archivist at the Aga Khan Program for Islamic Architecture at the Massachusetts Institute of Technology. "But they cost a lot, and there are others who argue that [economically,] they're a luxury Muslims can't afford...

Author: /time Magazine | Title: Updating the Mosque for the 21st Century | 4/2/2009 | See Source »

...mission of the blog is that it is trying to reassure people,” said Nicholas A. Geiser, one of the six student contributors. “Even though the economy is kind of sour and financial aid offers are down, it’s still possible to afford a college education.” Geiser, a San Francisco University High School senior who applied to 12 schools including Harvard, also said that the blog is a way of reclaiming the college admissions process. “The impression I’ve gotten from my friends is that...

Author: By Samantha C. Cohen, CONTRIBUTING WRITER | Title: NYT Launches Admissions Blog | 4/1/2009 | See Source »

...instead of trying to ascertain financial need using deceptive tactics such as evaluating zip codes or parent’s background. These methods are underhanded and do not provide an accurate picture of a family’s financial situation or a student’s ability to afford school. As hard as it is to tell students that their backgrounds might hurt their applications, it is worse to let them think that their shortcomings are academic alone...

Author: By The Crimson Staff | Title: Trading Merit for Money | 4/1/2009 | See Source »

...19th century. The Thames Ironworks Ship Building and Engineering Co. opened a 30-acre site at Bow Creek in 1846, bashing out ships for much of Europe. Eager for jobs, workers from all over the country poured in. The seasonal or casual work on offer meant few could afford comfortable places to live, though; landlords, well aware of the fact, threw up cheap housing without toilets, bathrooms and oftentimes drinking water. The over-crowding and disease appalled visitors. Behind one row of houses, Charles Dickens noted "a cesspool, bubbling and seething with the constant rise of the foul products...

Author: /time Magazine | Title: G-20 Site: 'A Cesspool, Bubbling with the Foul Products of Decomposition' | 4/1/2009 | See Source »

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