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...event of a bankruptcy-filing down the road, Treasury (i.e., taxpayers) will stand behind senior secured lenders, getting first claim on the automakers' unencumbered assets, those not already pledged to a prior lender. GM says it has such assets - power trains, some foreign operations - and Chrysler says it has assets to secure the loans as well. As with other TARP assists, the government will also receive warrants that (theoretically, at least) could...

Author: /time Magazine | Title: Bush's Rescue Plan for Detroit: Passing the Buck | 12/19/2008 | See Source »

...Presidents, has his faults, but the economic results of a decade-plus of putting people into homes everyone knew they could not afford - and then having the whole house of cards fall - is not as much his fault as it is his responsibility, because of the timing of the event. Klein can and should do better. L.E. Dura, FENTON, MICH...

Author: /time Magazine | Title: Detainees' Rights | 12/18/2008 | See Source »

...January, I chatted with Vilsack about biofuels after a Hillary Clinton campaign event at a soy-biodiesel plant in Newton, Iowa. The theme of the day was that biofuels produce jobs, and Vilsack was pushing Iowa as "the clean-energy capital of America." But he was clearly aware of the new research suggesting that biofuels in general - and corn ethanol in particular - created more carbon emissions by accelerating deforestation than they saved by replacing fossil fuels. "It's definitely something we need to study," he said. Vilsack suggested that second-generation biofuels like cellulosic ethanol manufactured from switchgrass could solve...

Author: /time Magazine | Title: Vilsack: Some Hard Choices on Ethanol | 12/18/2008 | See Source »

...Presidents, has his faults, but the economic results of a decade-plus of putting people into homes everyone knew they could not afford - and then having the whole house of cards fall - is not as much his fault as it is his responsibility, because of the timing of the event. Klein can and should do better. L.E. Dura, Fenton, Mich...

Author: /time Magazine | Title: Inbox | 12/17/2008 | See Source »

...Meisel, who is a former chair of The Crimson’s editorial board, maintains that attending one of these LGBT targeted events is on par with attending any other company event...

Author: By Rachel A. Stark, CRIMSON STAFF WRITER | Title: Recruiters Target LGBT Community | 12/16/2008 | See Source »

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