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...think debt is the headache everyone should focus on. A bankruptcy judge could force a large cut in health and retirement benefits for UAW members. That would be on top of what is likely to be another round of lay-offs. With the national unemployment rate moving up as fast as it is and large numbers of pensions facing funding problems, the federal government may not want to be forced to support current and retired GM workers. Someone will have to pay for the healthcare of the tens of thousands of retired GM employees. Someone will have to pay unemployment...

Author: /time Magazine | Title: Fixing GM May Just Be Practice for the Next Bailout | 4/14/2009 | See Source »

...year ago, neither the car companies nor the federal government thought that they would be facing a decision on one or two Chapter 11 filings or how the fall-out from these events would be managed. A year ago, no one expected the GDP to fall as fast as it is falling or that the economy would be losing 600,000 jobs a month...

Author: /time Magazine | Title: Fixing GM May Just Be Practice for the Next Bailout | 4/14/2009 | See Source »

...play was a little sloppy,” Tillman said. “We made some mental errors. When you make mental errors against some of the better teams, they make you pay. Some of the critical ground balls can get you in transition, on a fast break. We weren’t able to get some of those. That was really disappointing.” The game marked Harvard’s second one-goal defeat in a row against a top five Ivy League opponent after a heartbreaking 13-12 loss to Cornell the previous weekend. With...

Author: By Madeleine I. Shapiro, CRIMSON STAFF WRITER | Title: Crimson Continues Winless Streak Against Princeton | 4/13/2009 | See Source »

...last for five years. Born in the Cold War, prepo proved so successful in speedy delivery of assets during the first Gulf War and again in 2003 that the Pentagon has continued to expand the program so there is sufficient heavy equipment and ammunition pre-positioned to fight fast in a major theater of war. (See pictures of the fight against the pirates of Somalia...

Author: /time Magazine | Title: Defending a Floating Arsenal Against Pirates | 4/13/2009 | See Source »

...heavyweights recaptured their coveted trophies.“We obviously expected some competitive racing,” captain Teddy Schreck said. “It’s definitely an early test. We had a look at Brown last week, and we knew they were going to be fast. It was a good experience for us, and we were fortunate enough to come out on top.” The freshman eight ran a solid race in its first outing of the spring to clinch a 3.4 second victory over the Bears. The Crimson came out ahead early and continued...

Author: By Colin Whelehan, CONTRIBUTING WRITER | Title: Victories Highlight Rowers’ Weekend | 4/12/2009 | See Source »

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