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...President has offered only to speed through Congress an already approved $25 billion loan to help Detroit create new fuel-efficient models. But GM needs an additional $10 billion simply to pay its bills next year and $15 billion more to close plants, compensate redundant workers and dump some of its lesser-performing brands...

Author: /time Magazine | Title: Is General Motors Worth Saving? | 11/13/2008 | See Source »

...scheduled to close. But Grant Thornton's Rodriguez says that still leaves five to go to match demand. "They still need to take structural steps: reduce suppliers, reduce the number of plants, reduce the cost structure and get rid of excessive debt." Most analysts say GM has to dump underperforming brands...

Author: /time Magazine | Title: Is General Motors Worth Saving? | 11/13/2008 | See Source »

...hundreds of thousands of dollars. A year ago, the golf membership belonging to Kim Joo Hyong, the chief executive of a small trading firm, was worth $350,000. But as the shockwaves from the U.S. financial meltdown slammed into South Korea in September, Kim nervously watched cash-starved golfers dump their memberships on an Internet site that tracks their value, sending prices plummeting. The country, he became convinced, was about to suffer a financial crisis even worse than the great conflagration that engulfed Asia in 1997, when a near bankrupt South Korea turned to the International Monetary Fund...

Author: /time Magazine | Title: A Depressed Mood | 11/13/2008 | See Source »

Rock, Chris •McCain is mocked - "We can't all dump our first wife and marry a rich...

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 11/7/2008 | See Source »

...afternoon storm clouds gather, an almost daily occurrence in wet and steamy Singapore, work goes on as usual at the Marina Bay site of Las Vegas Sands' $4 billion resort and casino project. The earthmovers scoop and dump the soft soil, and workers fan out across the city-state's most coveted piece of land, which girdles the central business district and offers a sweeping view over the emerald waters of the Malacca Straits...

Author: /time Magazine | Title: All Bets Off for Las Vegas Sands' in Singapore? | 11/7/2008 | See Source »

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