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...hour's drive north of Indianapolis. The plant's sole purpose was to build energy-efficient transmissions for Chrysler. The plant would inject some 1,200 new jobs into a state whose economy is both ailing and heavily dependent on the automotive industry. Townsfolk talked of a new hotel, a new fast-food restaurant. Earlier this month, however, Getrag announced that the entity established to build the Tipton plant would file for bankruptcy and that the plant would not open, mainly because Chrysler backed out of its agreement. "We had big ideas, big plans," says Tipton's mayor, Dan Delph...

Author: /time Magazine | Title: The Ripple Effect of a Potential GM Bankruptcy | 11/28/2008 | See Source »

...whole arsenal: grenades, AK-47s, rifles and a car bomb in a taxi that exploded on the highway headed to the city's international airport. And unlike previous attacks, which have hit mainly Indians in popular, crowded markets, this one appeared to have targeted foreigners and the posh hotels they frequent. Two of the city's landmark properties - the Oberoi and the Taj Hotel - were under siege. The grand dome of the Taj caught fire, masked in a purple haze, after terrorists set off an explosion on the roof as police closed in on them. About 300 troops, sent...

Author: /time Magazine | Title: Terrorism Strikes in Mumbai | 11/27/2008 | See Source »

...British national, a man in his 30s, who was having dinner inside the Oberoi Hotel, one of the city's poshest, told the Times Now television station that two young men - in jeans and T shirts - came in brandishing AK-47s and rifles, singled out those carrying British and American passports and ordered them to the roof. "We went on the 18th floor, it became very smoky, we escaped. Just two of us," said the British man, who was not identified. As of 2 a.m. local time, several of the hostages were still being held, with dozens of Indian commandos...

Author: /time Magazine | Title: Terrorism Strikes in Mumbai | 11/27/2008 | See Source »

...member of Parliament, Krishna Das, who was interviewed from inside the Taj Hotel, reported that two men also entered that hotel's restaurant and started firing, but did not take any hostages. Bombs were reported in at least seven sites in Mumbai, and, by Thursday afternoon, more than 100 people had been reported killed and nearly 300 injured. Eleven police had been killed, including the city's anti-terrorism chief. Several suspects had been shot by police. It is not yet clear how many attackers were involved in the assault...

Author: /time Magazine | Title: Terrorism Strikes in Mumbai | 11/27/2008 | See Source »

...hostage situation remains very unclear. There are believed to be some 25 civilians trapped in the Taj, 40 at the Oberoi hotel, and perhaps 10 in the Colaba Market neighborhood. But in each place some of those people may be trapped rather than hostages. Authorities have cordoned off each of the locations. Much of the normally busy city is deserted, with shops and businesses closed...

Author: /time Magazine | Title: Terrorism Strikes in Mumbai | 11/27/2008 | See Source »

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