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...lowball - bid seems the wrong word - offer went like this: If the U.S. government would wipe out Chrysler's shareholders, buy out its bondholders, cut wages and jobs, deal with its retirement liabilities and fund the warranties, then Fiat would take a crack at Chrysler. The Italians would bring their cars to Chrysler's showrooms and share their advanced diesel technology with Chrysler engineers. Chrysler might sell some cars in Fiat's markets - Jeeps may have the best overseas appeal. Marchionne would lend his managerial chops. And if things worked out, Fiat would take a controlling share...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

Celebrated French mime Marcel Marceau left his mark on the world through silence, but his earthly belongings are generating a great deal of noise these days. On Wednesday, Parisian auction house Drouot began the second and final day of bidding on artwork, books, manuscripts and costumes Marceau left behind when he died at the age of 87 in September 2007. "We have 4,200 over here - certainly an original Marceau merits another bid!" prodded auctioneer Rodolphe Tessier as he stoked the bidding on Marceau's painting The Audience Observing from a reserve price of €800 ($1,080) toward...

Author: /time Magazine | Title: Marcel Marceau's Not-So-Silent Auction | 5/27/2009 | See Source »

...That, however, was a mere drop in Bip's trademark flower-sprouting hat. The 400 objects auctioned on Tuesday generated $342,000. Wednesday's docket of 500 items is expected to generate even more, as the majority of Marceau's costumes and stage props are put out to bid...

Author: /time Magazine | Title: Marcel Marceau's Not-So-Silent Auction | 5/27/2009 | See Source »

...fish that national Republicans have been looking for.' STUART ROTHENBERG, commentator, on Florida Governor Charlie Crist's U.S. Senate bid...

Author: /time Magazine | Title: Verbatim | 5/25/2009 | See Source »

DIED Two days after losing a bid for re-election as mayor of Jackson, Miss.--and four days before the start of his third trial for demolishing a suspected drug den without a warrant--Frank Melton, 60, succumbed to heart failure. A polarizing figure, Melton was known for patrolling Jackson's streets with a police badge and guns even though he was not a licensed officer...

Author: /time Magazine | Title: Milestones | 5/25/2009 | See Source »

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