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...Hummer brand, however, could be on the road to extinction if GM cannot soon finish a deal with China's Sichuan Tengzhong Heavy Industrial Machinery, the only bidder for the controversial brand. GM announced plans to spin it off while reorganizing under bankruptcy protection this past summer. (See the 50 worst cars of all time...

Author: /time Magazine | Title: Could Hummer Be Headed for the Heap? | 9/28/2009 | See Source »

...create an effect. When you pull it out, the water returns to its original state. While we occupy those countries, we suffer casualties and financial disaster. Once we leave, everything will return to the way it was before: tribal wars, traditions and culture. We will have accomplished nothing. You cannot change thousand-year-old cultures into democratic states in a few years. It takes decades, even centuries for cultures to evolve into advanced political systems. Frosty Wooldridge, GOLDEN, COLO...

Author: /time Magazine | Title: Teddy's Legacy | 9/28/2009 | See Source »

...institutions operating in Europe alone are facing total losses of around $650 billion between 2007 and 2010 - and have so far written down less than half of that amount in their books. "There is no room for complacency," he said, warning that extraordinary government and central-bank bailout measures "cannot be sustained forever...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...countries. French Defense Minister Hervé Morin has warned of "absolute chaos" if France pulled out and opened the door to a rush of other withdrawals. "When the security of our country is at stake," said British Prime Minister Gordon Brown in a speech earlier this month, "we cannot walk away...

Author: /time Magazine | Title: Afghanistan: Looking For the Way Ahead | 9/28/2009 | See Source »

...borrowed. In one very funny sequence in Capitalism, you back up an armored truck to various banks and demand the return of our money. Maybe you were just a tad early? And the AIG money? I don't think we're going to see any of that. You cannot steal money, and then invest the money and then give it back. You can't, let's say you are the president of the Kiwanis. You can't take the organization's money, go make a profitable investment and then slip it back. It's a felony...

Author: /time Magazine | Title: Q&A: Why Michael Moore Hates Capitalism | 9/26/2009 | See Source »

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