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...Dodd put it. But that didn't mean there was anything like a consensus on how to handle the urgent request for a total of $34 billion in bridge loans - $7 billion for Chrysler, $9 billion for Ford and $18 billion for GM. Democrats and Republicans clearly still have major disagreements about where the money should come from, how much Detroit should get up-front and what kind of conditions to impose for such government assistance...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

...wait. "I believe that we could lose General Motors by the end of this month," said Ron Gettelfinger, head of the United Auto Workers (UAW) union, which announced Wednesday that it would be willing to sacrifice job-security provisions and financing for retiree health care to save the companies - major concessions reflecting the seriousness of the situation...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

...respond adequately once it had begun. Home Minister Shivraj Patil, in charge of internal security at the central government, was the first to resign. He has been under intense criticism for months, the pressure mounting with each new bombing elsewhere in the country. There have been at least 10 major blasts over the past 18 months, the most recent one in Assam. Two Maharashtra state officials fell next: Chief Minister Vilasrao Deshmukh, who took his actor son Ritiesh and the Bollywood director Ram Gopal Varma on a tour of the gutted Taj, and Deputy Chief Minister R.R. Patil, who resigned...

Author: /time Magazine | Title: India: After the Horror | 12/4/2008 | See Source »

...pathos, it is possible to imagine the Mumbai attacks receding into the background because that has already happened for so many of India's other violent conflicts. Since the July 2006 bombing of a Mumbai commuter train, which killed 184 people, there have been nine other blasts in major Indian cities, killing 300 more. Naxalites, the Maoist insurgents who have made claims on a wide patch of central India, have clashed repeatedly with police and paramilitary forces, killing at least 175 this year, according to the South Asia Terrorism Portal. In Orissa, anti-Christian violence has claimed the lives...

Author: /time Magazine | Title: India: After the Horror | 12/4/2008 | See Source »

...minutes up the road from Jonasson's bread ovens, over some low hills, a series of dense white steam plumes rise into the cloudy sky. In a flannel shirt and hard hat, Birkir Fanndal maneuvers his truck over one of the dirt roads that crisscross Iceland's first major geothermal power station, Krafla. Soon after the inaugural borehole was drilled here 34 years ago, the first in a series of volcanic eruptions rocked the area. The eruptions, nine in all, went on for nearly a decade, sending engineers scrambling to keep up with the shifting earth. Fanndal, the plant...

Author: /time Magazine | Title: Energy: Boiling Point | 12/4/2008 | See Source »

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