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Then again, Congress can do things that a bankruptcy judge couldn't--such as revamp health care and retirement policy so the costs don't weigh so heavily on big old companies trying to reinvent themselves. That won't happen overnight. But this particular economic crisis is so wrapped up in past government decisions--about financial regulation, about budgets, about housing policy, about pensions and health care--that the private solution of Chapter 11 just may not be enough. Bankruptcy-by-another-name it is, then...

Author: /time Magazine | Title: Don't Call It Bankruptcy | 11/20/2008 | See Source »

...great place.” He points out that the staff has tripled in size, that the designers are of a higher caliber, and that this time around, he actually has some experience organizing a fashion show. But after amassing all this experience, what will happen to Project East once Parent and Kim graduate this spring? “I hope it will continue. I’m hoping,” is all that Kim can say. Part of what drives the directors is their commitment to bringing the world of fashion to Harvard. They stand as a counterexample...

Author: By Hyung W. Kim, CRIMSON STAFF WRITER | Title: The Cantab Wears Prada | 11/19/2008 | See Source »

...There is some speculation that health-care reform in the Obama Administration will have to take a back seat to fixing the economy. Daschle has argued that one can't happen without the other, and his selection suggests that Obama agrees. But Daschle also knows from experience that health care is one area in which Obama's mantra of change has always been a hard sell. Shortly after the 2006 election, Daschle met with Obama at Tosca, Daschle's favorite Italian restaurant in downtown D.C., and urged him to consider running for President. "My message to Barack...

Author: /time Magazine | Title: Daschle Could Be a Boost to Obama's Health-Care Agenda | 11/19/2008 | See Source »

...There is still a lack of direction from governments in terms of the rules of engagement," says Mody. "There is still a lack of procedure as to what would happen once the pirates are taken captive. We need a lot more robust action from the navies...

Author: /time Magazine | Title: As Somali Pirates Get Bolder, Policing Them Gets Tougher | 11/19/2008 | See Source »

...elderly care home Michinoku-so in Aomori, a 4-hour train ride from Tokyo. Unlike companies in more urban areas, Michinoku-so hasn't yet had difficulty keeping a full staff, but they know that they could. "Applicants for our jobs are decreasing every year. What would happen after five years? It's very bleak," says Nakayama, a 25-year veteran of the industry. That's why the company decided to hire two Indonesia caregivers through the new national program. "I believe there are many things we can learn from one another," says Nakayama. "We'd hire more if other...

Author: /time Magazine | Title: Japan's Burdened Care Sector Looks Outwards for Help | 11/19/2008 | See Source »

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