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...unusual nature of the trusts is likely to become a factor in Round 2 of the Big Three appeal for federal aid and could potentially present a conundrum for President-elect Obama. When retiree health care was just a deal between the automakers and the UAW, they decided who would get retirement-health-care benefits and who wouldn't. But now that taxpayers may be asked to finance the automakers' survival, the future funding of the trusts becomes a public issue. As one Detroit insider notes, "On the one hand, [Obama] doesn't want to take health care away from...

Author: /time Magazine | Title: Should Taxpayers Bail Out GM's Retirees? | 11/27/2008 | See Source »

...Deal? Not Yet The photo on the cover of your Nov. 24 issue is an O-bomination! Can we please wait to see how well the new President does before we canonize him? Joseph Cortese II, West Des Moines, Iowa...

Author: /time Magazine | Title: Inbox | 11/27/2008 | See Source »

...living in Dili, Rees says there are factions in the PNTL that have not forgotten the fighting. "They are trying to work together now, whereas in 2006 they may have been trying to shoot each other." All the same, he worries that the force lacks the cohesion to deal impartially with a large protest or riot, an ever-present threat...

Author: /time Magazine | Title: Missing the Beat | 11/27/2008 | See Source »

...been searching for valedictory encomiums. His position on immigration was admirable and courageous; he was right about the Dubai Ports deal and about free trade in general. He spoke well, in the abstract, about the importance of freedom. He is an impeccable classicist when it comes to baseball. And that just about does it for me. I'd add the bracing moment of Bush with the bullhorn in the ruins of the World Trade Center, but that was neutered in my memory by his ridiculous, preening appearance in a flight suit on the deck of the aircraft carrier beneath...

Author: /time Magazine | Title: Bush's Last Days: The Lamest Duck | 11/26/2008 | See Source »

...option Maliki has all but ruled out, and is strenuously working to avoid, but the clock is ticking. "The government wasted a lot of time, hundreds of days on this agreement, and left us with less than two weeks to debate it," said al-Karboole. The fate of a deal that took nine months to negotiate may now depend on what happens in the next 24 hours. It's going to be a long night in Baghdad...

Author: /time Magazine | Title: Brinkmanship Delays Iraq Security Vote | 11/26/2008 | See Source »

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