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Next up? Auto parts suppliers. Treasury is now preparing new guidelines, making supplier companies that feed parts to Detroit's troubled automakers (and often, transplants like Toyota as well) eligible for loans through the TARP, which initially was set up by Congress to help troubled financial institutions. "If you are based in Detroit you know the entire supply chain is in trouble. The liquidity situation in the supply chain has deteriorated significantly," says Steve D'Arcy, the director of Pricewaterhouse Cooper's consulting practice in Detroit. (Archive: "Iacocca's Tightrope...

Author: /time Magazine | Title: The Auto Bailout Keeps Growing, and Growing | 1/14/2009 | See Source »

...former Soviet Union, helping push grain prices to worryingly high levels. If those trends hold in the future, the researchers estimate that half the world's population could face a climate-induced food crisis by 2100. "I'm very concerned," says Naylor. "How are we going to feed a world of 8 or 9 billion with the effects of climate change...

Author: /time Magazine | Title: Why Global Warming Portends a Food Crisis | 1/13/2009 | See Source »

...using crops that have proved resistant to extreme heat - like sorghum or millet - to breed hybrid-crop varieties that are more capable of withstanding higher temperatures. We'll need to drop any squeamishness about consuming genetically modified crops. Unless we can tap the power of genetics, we'll never feed ourselves in a warmer world. But we'll need to act quickly. It can take years to breed more heat-resistant species, and investment in agricultural research has shriveled in recent years...

Author: /time Magazine | Title: Why Global Warming Portends a Food Crisis | 1/13/2009 | See Source »

...adapt to climate change. We need to reduce carbon emissions sharply and soon. If we fail, a warmer future won't just be uncomfortable; it will be downright frightening. "We need to wake up and take care of this," says Naylor. "We won't have enough food to feed the world today, let alone tomorrow...

Author: /time Magazine | Title: Why Global Warming Portends a Food Crisis | 1/13/2009 | See Source »

...This isn't the first time that Blair has been singled out for a high honor. In July 2003, Blair flew to Washington to address Congress in acceptance of another award, the Congressional Gold Medal. He never returned to actually pick up the medal. This omission continues to feed speculation, chief among it that Blair wishes to distance himself from Bush. His attendance at today's ceremony at least gives that notion the lie. (See pictures of Bush and Blair's enduring friendship...

Author: /time Magazine | Title: A Presidential Medal for Tony Blair | 1/13/2009 | See Source »

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