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...mail headlined "Good riddance," and Limbaugh urged him to take McCain along. Inside this echo chamber, a center-right nation punished Republicans for abandoning their principles, for enabling Bush's spending sprees, for insufficient conservatism. South Carolina Governor Mark Sanford, who has refused to accept $700 million in stimulus cash for his state despite bitter opposition from his GOP-dominated legislature, argues that Chick-fil-A would never let its franchisees cook their chicken however they want; why should the Republican Party let its elected officials promote Big Government? "We're essentially franchisees, and right now nobody has any clue...

Author: /time Magazine | Title: One Year Ago: The Republicans in Distress | 5/7/2009 | See Source »

Will complaining that government pressure to "save" Merrill and Countrywide get Bank of America more favorable terms than other firms that the government says need more cash? Probably not, but it is all B of A has left to make a case that its balance sheet issues are not entirely its fault...

Author: /time Magazine | Title: Bank of America Needs to Play Its Merrill Card | 5/6/2009 | See Source »

...Ahead of Wednesday's trilateral summit between the Pakistani leader, Afghan President Hamid Karzai and President Barack Obama, U.S. officials were doing their best to soothe congressional skepticism over sending Pakistan's military and political authorities desperately needed infusions of cash. Richard Holbrooke, Obama's special envoy to Afghanistan and Pakistan, told the House Foreign Affairs Committee on Tuesday that Zardari has the Administration's total backing. "He should be treated as the leader of a country who vitally needs our support and whose success is vitally related to American interests," Holbrooke said. Asked whether the Obama Administration...

Author: /time Magazine | Title: Zardari in Washington: Hard Questions for Pakistan's Leader | 5/6/2009 | See Source »

...billion in short-term debt taken on by the company to acquire Jaguar and Land Rover from Ford in March 2008. Because buyers placing orders for Nanos were required to pay for their cars in full, Tata Motors - India's largest car company - is receiving a $507 million cash infusion. Analysts say the revenue will reduce the company's liquidity problems and make it easier to refinance its outstanding loans, which come due next month. Tata Motors repaid $1 billion of the debt through a rights issue in October...

Author: /time Magazine | Title: Indian Car Buyers Snap Up the Nano | 5/6/2009 | See Source »

...kill their market. "This exemption is nothing but a ruse," Nunavut Environment Minister Daniel Shewchuck said in a statement. "With an outright ban on commercial trade, the price of skins will collapse, and with it one of the few ways in which the Inuit people are able to bring cash into their communities...

Author: /time Magazine | Title: Canada Battles the E.U. Over Baby Seals | 5/6/2009 | See Source »

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