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...supply the loans or requiring the banks that the government is currently bailing out to loan the money to the Big Three. As an alternative, Utah Senator Bob Bennett suggested Thursday that those banks getting money from the Treasury be required to convert any carmaker debt that they hold into equity, thereby easing the Big Three's cash crunch...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

...yield five to 10 times more energy per borehole than any similar project in the world. Landsvirkjun, the state utility that owns Krafla, has also been in talks to supply power to an aluminum smelter that Alcoa plans to build nearby. The financial downturn has put that project on hold for now, but Alcoa, which already has one smelter in Iceland, still sees the country as a site for cheap, power-intensive smelters. By going geothermal, which has less impact on the environment, Alcoa believes it can mitigate the hundreds of thousands of tons of carbon dioxide a smelter emits...

Author: /time Magazine | Title: Energy: Boiling Point | 12/4/2008 | See Source »

...also noted that running the on-campus interview process in late August at the same time as other schools could help students focus on coursework without the diversion of the job hunt, and would allow them to compete for more slots than the ones employers hold open for Harvard students after hiring from other schools...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Summer Offers Shrink For HLS Students | 12/4/2008 | See Source »

...closest Senate race in history - for an open New Hampshire seat in 1974 - was so tight that the candidates had to hold a second election. After Republican Louis Wyman beat Democrat John Durkin by just 355 votes, a recount gave Durkin the lead - but by only 10 votes, which meant another recount. This count gave the election back to Wyman - by two votes. Durkin asked the Senate - which had a convenient 60-vote Democratic majority - for a review of the results. Despite six weeks of debate, the Senate couldn't resolve the matter, and the two candidates agreed...

Author: /time Magazine | Title: Recounts | 12/4/2008 | See Source »

...President, Jalal Talabani, who is a Kurd, wants to haul the Prime Minister into federal court, an unprecedented and blistering public slap. The cause: moves to set up councils of tribesmen loyal to Maliki in majority Shi'ite and Kurdish areas where the Prime Minister does not naturally hold sway. Talabani and the Kurds - with sympathetic sectarian nods from others - want Maliki to keep the hands of the central government off their patrimony...

Author: /time Magazine | Title: Iraq's al-Maliki Faces Challenge Over Power Grab | 12/3/2008 | See Source »

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