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...auto industry bailout saga is working its way up and down the supply chain. Shortly before Christmas, the Federal Reserve Board quietly provided $200 million of support aimed specifically at auto dealers, who have had a difficult time financing their inventories - forcing some of them out of business. The support is being administered through the Fed's Term Asset Backed Securities Loan Facility or TALF, which was created this past autumn to encourage banks to start lending again. To further help the dealers, the Fed eased the eligibility requirements so that inventory financing (and there's plenty of inventory...

Author: /time Magazine | Title: The Auto Bailout Keeps Growing, and Growing | 1/14/2009 | See Source »

Israeli government spokesman Mark Regev said Hamas' military structure was taking "serious punishment" and that Israel was "advancing toward the endgame." Other Israeli officials say the Hamas chain of command is panicked and in disarray, with fighters deserting and the two branches of Hamas' leadership, in Gaza and Damascus, split on whether to accept a cease-fire. One Israeli military source told TIME that Hamas' walkie-talkie frequency had been cracked, and Israeli Arabic speakers have interrupted the fighters to say, "You're the ones spilling blood, not your leaders, who are safe in hiding." Israeli officials are so confident...

Author: /time Magazine | Title: How Badly Has Hamas Been Hurt in Gaza? | 1/12/2009 | See Source »

...ocean water becomes more acidic. These more acidic waters have a direct, detrimental effect on coral growth. Moreover, acidic waters reduce the survival of animals with calcium-carbonate shells or skeletons, like krill. The killing off of animals that occupy a low level in the marine food chain undermines the chain and can destabilize entire oceanic ecosystems. In the end, these atmospheric changes from greenhouse gases have the potential to be catastrophic for the same fragile reef systems that Bush vowed to protect on Tuesday. As Brendan Cummings, oceans program director at the Center for Biological Diversity, told...

Author: By Steven T. Cupps | Title: No Reef is an Island | 1/8/2009 | See Source »

Multiple Choices. The Personality Hotels chain in San Francisco is running a "5-10-15" promotion at all its properties - Hotel Vertigo (which takes design cues from the eponymous Alfred Hitchcock film), Hotel Union Square and others. You can choose from three deals: pay just $5 for a room upgrade; get a $10 Starbucks gift card; or save $15 on valet parking. Room rates start...

Author: /time Magazine | Title: Travel News: It's Rodeo Season! (Plus, Restaurant Week in New York) | 1/8/2009 | See Source »

...Despite the limits on a ground campaign, many in the Israeli military establishment insisted that even the limited goal of deterring Hamas required its soldiers to get at close quarters with the militants - as they did on Saturday - to kill more of their fighters and disrupt their chain of command. That course of action meant accepting the inevitability of Israeli casualties. Indeed, the Israelis are aware that Hamas has been hoping for a ground operation, in the belief that it offers the militants a chance to fight on a more level playing field than when Israel attacks from the skies...

Author: /time Magazine | Title: Israel Invades Gaza, Hoping to Pummel Hamas into a Truce | 1/3/2009 | See Source »

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