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...small are lining up to tap the $25 billion in loan guarantees administered by the U.S. Department of Energy to help the automakers re-tool for building more efficient vehicles. Congress appropriated the money in September and President-elect Barack Obama promised to double the funding during a late October visit to Detroit...

Author: /time Magazine | Title: The Auto Bailout Keeps Growing, and Growing | 1/14/2009 | See Source »

Litt holds undergraduate and MBA degrees from Harvard. He spent three years as a legislative aide to the late Senator Daniel Patrick Moynihan of New York and then got a law degree at Columbia. He was a judicial clerk before becoming an associate at the law firm, Paul Weiss. He joined the U.S Attorney's office in D.C. in 1998. In that office, he handled a bunch of prostitution cases, many of which went to trial. "He is kind of a nerdy guy, so watching him question all of these prostitutes and John Does in court was kind of funny...

Author: /time Magazine | Title: The Man Who Will Prosecute the Bernard Madoff Case | 1/14/2009 | See Source »

...Those We Lost in 2008 You describe the late Charlton Heston as a "figure of epic contradictions," citing his marching with Martin Luther King Jr. in the '60s and his leading the National Rifle Association in the '90s [Dec. 29]. I fail to see any contradiction. The man consistently fought in important and not entirely risk-free ways for the rights and dignity of individuals. John Loosemore, Hancock, Mich...

Author: /time Magazine | Title: Inbox | 1/14/2009 | See Source »

...that helped set off the Asian crisis in 1997 and '98 - when countries from Thailand to Russia to Indonesia to South Korea devalued their currencies and saw their economies crash. The lesson for Geithner was clear. "From my time in Japan and then dealing with the crisis of the late '90s," he once told me, "I got a deep conviction: you don't want to dither...

Author: /time Magazine | Title: Can Tim Geithner Lead the Economy Out of Its Mess? | 1/14/2009 | See Source »

...charging of an electric car posed very little problem. In the 1830s, when Dutch inventor Sibrandus Stratingh created an electromagnetic cart, the vehicles have always stood out as a cleaner, cost-effective option to the steam or internal combustion engine. From Stratingh's invention evolved actual cars in the late 1800s that could move at low speeds using rechargeable batteries. Quieter and less noxious than their gas-powered counterparts, these electric cars surpassed them in popularity in the early part of the 20th century. One of the best-selling vehicles of that time was the Columbia Runabout, which could...

Author: /time Magazine | Title: The Electric Car | 1/13/2009 | See Source »

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