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Making it through the next couple of months will require more financial engineering than mechanical, and that process moved along this week, too. The U.S. Treasury Department's decision to release $5 billion in federal loans to automotive suppliers suggests that the Obama Administration is likely to approve billions in loans for GM and Chrysler. The Administration's automotive task force appears to have ruled out forcing GM and Chrysler into bankruptcy. That's one reason GM has pushed back the date of the company's annual meeting unit to August from June. Once it gets final approval...

Author: /time Magazine | Title: Detroit Tries Muscle: The Return of the Camaro | 3/21/2009 | See Source »

...when he went into exile and lived for two years in New Orleans and Brownsville,” she says. Despite her experience with producing documentaries on Mexican history, Schyfter welcomes assistance from Harvard’s vast network of resources. “It’s coming along well,” she says. “Who can have trouble at Harvard with all the experts, and the libraries, and the resources?” According to Schyfter, Harvard’s experts in 19th century and American history have been particularly helpful. While she works...

Author: By Roxanne J. Fequiere, CONTRIBUTING WRITER | Title: Schyfter Brings Ocampo To Harvard | 3/20/2009 | See Source »

...dead-on depictions of idle frustration that Williams makes more thoughtful musical choices. “So Bored” uses some well-placed high whines and a catchy beat to call to mind a culturally starved American teenage boy fighting off total lethargy with his guitar. Along the same lines, the peppy persistence of “No Hope Kids” actually endows the song with humor as the lyrics develop from lighthearted denial of material needs—“got no car, got no money”—to more serious worries?...

Author: By Antonia M.R. Peacocke, CONTRIBUTING WRITER | Title: Wavves | 3/20/2009 | See Source »

...Hippel caution that Somalia's new government faces the steepest of obstacles. Even without the Islamists, 18 years of war have robbed it of almost all infrastructure and anything resembling law, left millions of its people on the edge of starvation and given it a raging piracy problem along its coasts. But both warn that the world should not flood Somalia with help. Von Hippel said experience had shown that international peacekeepers or a U.N.-sponsored drive to create a central government were inappropriate to Somalia. Far more important was building up Somalia's own security services and the creation...

Author: /time Magazine | Title: Somalis Balk at Outsiders — Including Osama Bin Laden | 3/20/2009 | See Source »

...world today. Unhappy China, released this month, is a follow-up to the 1996 work China Can Say No, a nationalist bestseller that complained about the influence of the West and the U.S. in particular on China. Thirteen years later, the authors of Unhappy China point to the protests along the route of the Olympic flame, complaints about pollution from China by Western nations that consume far more resources per capita, and the West's unwillingness to share key technology with China as examples of continuing foreign disdain for the Middle Kingdom. Song Qiang, who contributed to both China...

Author: /time Magazine | Title: A New Book Reveals Why China Is Unhappy | 3/20/2009 | See Source »

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