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...plans for government to bail out car companies may quickly move beyond some US and UK and could even happen in Japan. Toyota and Honda probably have the balance sheets to last through a two- or three-year downturn. It is not clear that Nissan does...

Author: /time Magazine | Title: Nissan Falling Victim to Car Recession | 2/9/2009 | See Source »

...Florida state treasurer and crooked FBI agents. In 1988, Ronald Reagan appointed him to the D.C. superior court, the front line for those fighting drug and gang violence in the nation's capital. Holder quickly earned the nickname Judge Hold 'Em among defense lawyers for refusing to set bail for clients who were accused of violent crimes. He was known for listening carefully to arguments and showing leniency to defendants willing to assume blame. But hard-core criminals had the book thrown at them. "I told my clients, If you're guilty, you need to plead early and often," recalls...

Author: /time Magazine | Title: The Prosecutor | 2/5/2009 | See Source »

...alarm is partly a reflection of its own precarious situation in the face of a widespread backlash against globalization. The commission is now scrutinizing the E.U.'s own stimulus schemes for potential discrimination against foreigners. In focus are plans such as France's $10 billion move to bail out its car industry by requiring firms to source car parts from local suppliers...

Author: /time Magazine | Title: Why Europe Is Fuming About the Stimulus Package | 2/5/2009 | See Source »

...without strings attached. ProMOS Technologies and Powerchip Semiconductor have asked the government for aid, and were told they must revise their proposals with more measures aimed at improving their competitiveness and technological capabilities. "The government sees this [aid] as an investment," Lu says, "We don't want to just bail out the industry." The result will likely be consolidation of the country's six major DRAM makers into fewer firms, including possible sales of stakes or entire companies to better capitalized foreign rivals. "It looks like merging is the direction of the industry," says Cecilia Shih, a manager...

Author: /time Magazine | Title: Chips Are Down for Asia's Semiconductor Makers | 2/5/2009 | See Source »

...lobbying" for them, a cheesy distinction that almost made it worse. It was that these decisions became known at a moment of rising public disgust with the bankers who looted the economy - and then continued to loot it, granting themselves bonuses even after the rest of us chose to bail them out. (Read "Daschle's Problems: When Is a Lobbyist Not a Lobbyist...

Author: /time Magazine | Title: The Lessons of Daschle: Can Obama Reboot? | 2/4/2009 | See Source »

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