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In bankruptcy court, a judge could impose terms on both the bondholders and the autoworkers. In addition, the judge could renegotiate contracts with suppliers and ignore state franchise laws that protect dealers from termination.

Author: /time Magazine | Title: As Car Sales Collapse, GM and Chrysler Grow Desperate | 3/3/2009 | See Source »

So even as networks are casting working-class sitcoms for fall, Bravo is cashing in on the rich. Bravo began life as a cable arts channel, but like artists of old, it discovered the utility of wealthy patrons. From Project Runway to the Real Housewives franchise (about well-off couples...

Author: /time Magazine | Title: Gold Diggers of 2009 | 2/26/2009 | See Source »

But, GE has stuck to its case that it has been careful to tell investors exactly what is going on inside the financial unit. Yesterday, the firm said, "We made $8.6B in financial services in 2008, and we have an excellent franchise that we are restructuring to perform in...

Author: /time Magazine | Title: In Defense of General Electric | 2/24/2009 | See Source »

As the law is written, using the Clean Air Act to regulate greenhouse-gas emissions directly would be unreasonably difficult, because of carbon dioxide's sheer ubiquity. In 2000, the U.S. emitted less than 18 million tons of the pollutant sulfur dioxide, chiefly from cars, power plants and factories. In...

Author: /time Magazine | Title: The EPA's Move to Regulate Carbon: A Stopgap Solution | 2/20/2009 | See Source »

Then came Jason. In 1980, Paramount Pictures released Friday the 13th (tagline: "Fridays will never be the same again"), a slasher flick about a series of murders at a summer camp. Apparently Jason, born on Friday the 13th, chooses that date to take revenge on oversexed campers much like the...

Author: /time Magazine | Title: Friday the 13th | 2/13/2009 | See Source »

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