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...secured debt. Having taken billions in bank bailout money, they were in no position to irritate the Treasury Department. GM's debt is more widely dispersed, however, which makes it harder to muscle a settlement. To avoid a morass in court, the task force agreed at the 11th hour to fully repay GM's secured lenders, using stock in the reorganized company...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

This burgeoning of national high-speed networks is allowing trains to challenge airlines on shorter trips even before deregulation comes into force. The Eurostar service - the lucrative 21⁄4-hour route between London and Paris - already controls 70% of the travel market between the two capitals. Opened in 2007, a high-speed rail link between Madrid and Barcelona that cut intercity travel time to 21⁄2 hours has grabbed 50% of that market. Similar effects have been seen in Paris-Lyon, Paris-Brussels and Hamburg-Berlin transport links, where domination by fast trains has led airlines to reduce...

Author: /time Magazine | Title: European Train Travel: Working on the Railroad | 5/28/2009 | See Source »

...modern is typical of the place, which offers plenty of artistic, culinary and recreational opportunities against a panoramic backdrop of ocean, peaks and plains. "Christchurch is a beautifully green, clean, safe city," says Ellis, who appreciates that "it's 10 minutes to surf at the beach and an hour from a snowboard in the Southern Alps. I go for a coffee at the funky cafés in town or grab a beer down by the Avon." (See pictures of luxury private islands...

Author: /time Magazine | Title: When You're in Christchurch | 5/28/2009 | See Source »

...motivation for acting against her. “It’s something that labels me as different from everyone else.” Karp said that his client has provided authorities with “verifiable alibis,” stating she gave them “an hour by hour, if not a minute by minute” account of her whereabouts that day. The Globe and the Associated Press report that Campbell was taking a final the day of the shooting and suggest that she lived far from the scene of the crime. In fact, Campbell lived...

Author: By Eric P. Newcomer and June Q. Wu, CRIMSON STAFF WRITERS | Title: Harvard Student Linked to Kirkland Shooting Denies Involvement | 5/27/2009 | See Source »

...Indeed, a fight is a political inevitability. More than an hour before her nomination became official, Sotomayor had already been branded a "liberal judicial activist of the first order" by the conservative Judicial Confirmation Network. Said Wendy Long, counsel to the organization: "She has an extremely high rate of her decisions being reversed, indicating that she is far more of a liberal activist than even the current liberal activist Supreme Court." (See four myths about Supreme Court nominees...

Author: /time Magazine | Title: Why Obama Picked Her | 5/26/2009 | See Source »

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