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...Corp. is pressing the Bush Administration for more than $10 billion in immediate government assistance, which would help shore up its tattered balance sheet and provide the cash required for a takeover of ailing Chrysler. The two companies are already close to a deal that would put GM in control of Chrysler. That would leave Chrysler boss Robert Nardelli, brought in to save the company, out of a job. "We can acknowledge that we have been in contact with a variety of federal officials for some time during this extraordinary and difficult economic period," said GM spokesman Tom Wilkinson...

Author: /time Magazine | Title: GM and Chrysler, Near a Deal, Press for Federal Aid | 10/30/2008 | See Source »

...Sunday that it now held nearly three quarters of VW's equity, having expanded its direct stake in VW to 42.6% from 35%, and also having exercised call options on enough shares to raise its stake to 74.1%. The sports-car manufacturer's announcement that it had effectively taken control of VW was very bad news for hedge funds and banks that had taken short positions on VW shares on the assumption that their price would fall...

Author: /time Magazine | Title: Hedge Funds Shorting VW Stung By Porsche | 10/29/2008 | See Source »

...promise. We do, however, lament that the funding freeze will broadly constrain educational improvements. Although special-needs education is an exceptional case, there are many faults with the general education system that we believe extra funding would help fix.According to a study done by the Centers for Disease Control and Prevention, autism spectrum disorders are 10 times as prevalent today as they were in the 1980s. This amplification also translates to other disabilities; unfortunately, the increase in children diagnosed with special needs comes attendant to a public school system that simply fails to achieve its goals. Although Palin?...

Author: By The Crimson Staff | Title: Crucial Needs | 10/29/2008 | See Source »

...with socialism”) certain to seize the public’s attention. And yet, just like the overplayed photo-ops whose intended meaning is forgotten as the glitches emerge with every repeated viewing (Dukakis’s tank experiment that torpedoed his campaign, for example) Palin has lost control of her own significance. In the wake of news that her two-month-old wardrobe is worth more than most Americans’ yearly incomes and that she abused her gubernatorial powers, her honest hockey-mom façade seems to have cracked. And exposed underneath—well?...

Author: By Sanders I. Bernstein | Title: They Called Her Photo Op Palin | 10/29/2008 | See Source »

...might sound like good news that so much opium has disappeared from the world drug market, but Costa believes the missing opium is a potential time bomb, and many law-enforcement officials agree. That's because the Taliban is believed to be "stockpiling to control the prices," says a spokesman for Britain's Serious Organized Crime Agency, who confirmed that NATO forces have uncovered Taliban stockpiles of opium. Despite the bumper opium harvests, the street price of heroin remains a costly $67 per g in European cities, and the price Afghan farmers charge for their opium has remained about...

Author: /time Magazine | Title: Is the Taliban Stockpiling Opium? And If So, Why? | 10/29/2008 | See Source »

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