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...predicament," says Spear. On the buy side, GM CEO Roger Smith acquired Hughes Aircraft, EDS and a 50% stake in Saab. His successors bought the Hummer, 20% of Korea-owned Suzuki and 20% of Fiat with the obligation to buy it or pay to get rid of it. (The latter course was chosen, at a cost of $2 billion...

Author: /time Magazine | Title: Is This Detroit's Last Winter? | 12/4/2008 | See Source »

...Economist warns about "the perils of incrementalism." Nobel Prize--winning economist Joseph Stiglitz cautions that we must not let "latter-day Hooverites" stop us from thinking "big--very big." Stiglitz himself is thinking "at least $600 billion to $1 trillion," which is pretty big. Paul Krugman, another Nobel economist, says there is an "intense debate" over how big the stimulus should be. Krugman doesn't offer a number, but he makes it clear that he is not going to be outbid...

Author: /time Magazine | Title: Stimulus Nation: Pump It Up | 12/4/2008 | See Source »

...financial crisis and plan for how we might react to it, our commitment to provide our undergraduates with an unparalleled academic experience remains as strong as ever. Progress continues with our new Program in General Education and with planning for our ambitious House renewal effort. It is about the latter initiative that we are writing today...

Author: By Drew G. Faust, Evelynn M. Hammonds, and Michael D. Smith | Title: Renewing a Venerable Experiment | 12/3/2008 | See Source »

...Like a latter-day Fagin, east Londoner Ali Lwanga was always careful to keep a distance from his crimes. For a series of cashbox heists across the capital, Lwanga hired and coached children, some as young as 14, to rush the security guards, grab the box and make their getaway, while he watched from a little way off. His haul was $200,000 in just a few months, and Lwanga thought his only problem was laundering the cash. In fact, the police were already on to him; they just couldn't prove it. Until, that is, he was picked...

Author: /time Magazine | Title: SmartWater: Message in a Bottle | 11/27/2008 | See Source »

...latter has held sway these past few months as the economy has crumbled. It is too early to rate the performance of Bush's economic team, but we have more than enough evidence to say, definitively, that at a moment when there was a vast national need for reassurance, the President himself was a cipher. Yes, he's a lame duck with an Antarctic approval rating - but can you imagine Bill Clinton going so gently into the night? There are substantive gestures available to a President that do not involve the use of force or photo ops. For example, Bush...

Author: /time Magazine | Title: Bush's Last Days: The Lamest Duck | 11/26/2008 | See Source »

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