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...into the ownership roundabout, Daimler is clearly looking for the exit. The German automaker owns a 19.9% stake in Chrysler but wrote down the value of the shares to zero last autumn (how's that for pessimism). Negotiations begun by Cerberus back in September to purchase Daimler's stake broke down. However, Daimler could transfer the Chrysler shares to Fiat for non-cash consideration such as patents or technology. (See pictures of the remains of Detroit...

Author: /time Magazine | Title: So Who Owns Chrysler Now? | 1/23/2009 | See Source »

...rethink the structure and the form of the outer solar system. Our exhibit was that way for a year, and nobody complained about it until it showed up in the New York Times, Page One: "PLUTO'S NOT A PLANET? ONLY IN NEW YORK." That's when all hell broke loose and the hate mail started...

Author: /time Magazine | Title: Astrophysicist Neil deGrasse Tyson | 1/21/2009 | See Source »

PRISON BREAK is canceled three seasons after the characters actually broke out of prison...

Author: /time Magazine | Title: Pop Chart | 1/21/2009 | See Source »

...troops have joined the Congolese army to hunt down Hutu militia leaders suspected of orchestrating the 1994 genocide against the nation's Tutsi tribes. The alliance further undermines the authority of Tutsi rebel leader Laurent Nkunda, whose forces have split since fighting between Nkunda's militia and Congolese soldiers broke out in August. More than 250,000 villagers have been displaced by the fighting; Human Rights Watch reports that 650 people were killed in December alone. But some analysts say the region's violence has less to do with tribal conflict and more to do with the struggle over control...

Author: /time Magazine | Title: The World | 1/21/2009 | See Source »

Ever since Jan. 7, when news broke of a $1 billion corporate-accounting fraud at Satyam Computer Services, the scandal has been called India's Enron. There are many similarities: inflated assets, a disgraced but politically powerful chairman, an auditor under a cloud, even an attempted suicide. (Satyam's chief financial officer, Srinivas Vadlamani, was unsuccessful. Enron executive J. Clifford Baxter died.) There is one big difference. Enron imploded, and its employees were kicked to the curb. But Satyam's workers, who number about 50,000, may be spared sweeping layoffs...

Author: /time Magazine | Title: India Tries to Save Jobs After Satyam Scandal | 1/20/2009 | See Source »

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