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...Thursday night, Treasury's interim chief investment officer of the $700 billion bailout fund, Jim Lambright, and his team of crisis managers hunkered down with representatives of GM and Chrysler and worked all night to finalize the details of the deal. The result does its best to impose order on what would otherwise be the disorderly bankruptcies of the two companies, but in many regards it just passes the buck to Obama. To be fair, Treasury had but a week to address an incredibly complex problem and come up with a multibillion-dollar aid package - no small achievement, however lacking...

Author: /time Magazine | Title: Bush's Rescue Plan for Detroit: Passing the Buck | 12/19/2008 | See Source »

Americans in the economic trough this holiday season will find fantasy solutions to their money woes in the weekend's two big new movies. Wouldn't it be nice if Jim Carrey were your local bank officer, who smilingly approved every loan, even if your need were bizarre and your collateral nonexistent? Wouldn't your soul be soothed if Will Smith were a Treasury agent who gave you a six-month extension on the pile you owe the IRS? You needn't be a financial tycoon to get a home- or pension-saving Christmas gift - not when these two stars...

Author: /time Magazine | Title: Yes Man and Seven Pounds: Santas for Hard Times | 12/18/2008 | See Source »

...Jim Carrey...

Author: /time Magazine | Title: Yes Man and Seven Pounds: Santas for Hard Times | 12/18/2008 | See Source »

...Upside of Junk Mail Regarding Jeremy Caplan's article "De-Cluttering Your Mailbox": there are many reasons we should encourage instead of discourage direct-mail advertising [Dec. 15]. Among the most important: stop your direct mail and watch the cost of a postage stamp soar. Jim Elliott, Lemon Grove, California...

Author: /time Magazine | Title: Inbox | 12/18/2008 | See Source »

Regarding Jeremy Caplan's article "De-Cluttering Your Mailbox": there are many reasons we should encourage instead of discourage direct-mail advertising [Dec. 15]. Among the most important: stop your direct mail and watch the cost of a postage stamp soar. Jim Elliott, LEMON GROVE, CALIF...

Author: /time Magazine | Title: Inbox | 12/17/2008 | See Source »

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