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...addition, GM had several strikes against it going into November. Its financial problems were well known, so customers may have been worried about a potential bankruptcy and stayed away. Also, GMAC, GM's finance arm that provides credit to car buyers and dealers is practically out of money itself. It has stopped financing leases and lends money only to the most creditworthy customers. A year ago, GMAC provided financing for nearly half of GM's retail sales. Today that figure...

Author: /time Magazine | Title: Even with a Bailout, GM's Profit Prospects Look Bleak | 12/3/2008 | See Source »

...Onassis was known to keep a chilled bottle at the ready at Maxim's restaurant in Paris. Marilyn Monroe, a devout fan of Dom Pérignon '53, sipped it throughout fittings for the dress she wore to John F. Kennedy's birthday celebration in 1962 and stocked a whole car full for a road trip with Danish paramour Hans Jorgen Lembourn. On the silver screen, its status turned larger than life: Dom Pérignon has been imbibed in movies like Scarface and Charlie's Angels, and its most enduring fan, James Bond, refers to it frequently and reverently. Which...

Author: /time Magazine | Title: On the Bubble | 12/2/2008 | See Source »

...little after four in the morning, facing the prospect of waking up in a few hours for a tailgate did not phase us because the weekend sports experience was only half over, and we knew that we had enjoyed the most unique experience thus far. But sitting in the car in the wee hours of the morning and reflecting on a bunch of newly-created memorable moments, I also began to realize that you do not need to do something as extreme as Courtney and I did, though I firmly believe in taking advantage of those opportunities when they present...

Author: By Robert T. Hamlin, CRIMSON STAFF WRITER | Title: HAMMIN' IT UP: On the Sports Road Again | 12/2/2008 | See Source »

...plunging consumer demand - new-car sales across Europe dropped 14.5% in October - France's two major automakers, Renault and Peugeot-Citroen, have temporarily shut down production at several plants. Peugeot is expected to present a plan Tuesday to cut 2,700 jobs. In Germany, Chancellor Angela Merkel has been more cautious in response to the crisis, and warned against precipitate state intervention. Still, Berlin is expected to approve up to $1.26 billion in loan guarantees for Opel if parent company GM goes under...

Author: /time Magazine | Title: Detroit Bailout Fueling Trade Tensions with Europe | 12/2/2008 | See Source »

...Even if it doubled the size of its police force, there is no way New York City could could ever protect its hotels, schools or other public buildings from attacks of this type, short of turning them into fortresses. There is no way for the NYPD to prevent a car bombing on Wall Street, sending the stock market into an even worse plunge, or a single suicide bomber from blowing himself up in the subway. Plans are available on the Internet for making bombs like these with ingredients available in hardware stores...

Author: /time Magazine | Title: The Mumbai Perpetrators Showed Combat Training | 11/28/2008 | See Source »

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