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There's a third option, between a no-strings bailout and Chapter 11--what some call conservatorship. It's bankruptcy-by-another-name, in which the government loans money to the automakers in return for equity stakes and concessions from creditors and workers. It's been done before--the 1979 Chrysler bailout followed such lines--but getting it right could be hard. "You're not very good at reworking companies," University of Maryland business professor Peter Morici told members of the Senate Banking Committee. "That's why we have bankruptcy courts...

Author: /time Magazine | Title: Don't Call It Bankruptcy | 11/20/2008 | See Source »

...taping, they wouldn’t let us keep our own name tags. I had given up my identity for this, and now I couldn’t even keep the one thing that identified me as me. I was so angry, I considered swiping it or even a prop from another show taped in the studio—a law book belonging to Judge Judy, perhaps. My teammates convinced me to remain within the law, at least until the studio sent us our prize money for coming in a respectable second. I let my anger subside and left without...

Author: By Alexander B. Cohn, CRIMSON STAFF WRITER | Title: Survey Says... | 11/19/2008 | See Source »

Many civil rights activists hope that the legal efforts will eventually lead to the prosecution of outgoing Administration officials for various offenses allegedly committed in the name of fighting terrorism over the past eight years. So far Obama and key congressional Democrats have signaled little interest in investigating and prosecuting Bush Administration officials once they leave office, a position some fear could leave the way open to similar government abuses in the future. "How do you deter these types of crimes in the future?" asks Vincent Warren, executive director of the Center for Constitutional Rights. "There is no meaningful...

Author: /time Magazine | Title: Taking the Bush Anti-Terror Legacy to Court | 11/19/2008 | See Source »

...state the obvious, Japanese, Notchi is not exactly a dead ringer for his muse. But he does bear a resemblance that is propped up by some signature moves: clenching his hand lightly and holding up his index finger while repeating, "Yes, we can! Change we need!"; stating, "My name is Obama!," while narrowing his eyes slightly and looking into the distance; and walking lightly with one hand in his pocket - a stance that has been praised by the security guards at Obama's Chicago home, who said that's exactly how Obama walks out of the door every day. Notchi...

Author: /time Magazine | Title: Almost Famous: Japan's Obama Impersonator | 11/19/2008 | See Source »

...turned at a rally in St. Louis. The crowd was a 100,000 strong, but Obama's supporters were helpful - even to his impersonator - and pushed Notchi to the front row. Notchi managed to shake hands with Obama (and even touched his wedding ring!) and shouted at him, "My name Obama! My name Obama!" Holding Notchi's hand, Obama looked at him and smiled. He pointed at himself and pointed to Notchi, and said, "Oh, you are Obama, is that right?," and laughed. Notchi was so excited that he forgot to get Obama to sign the contract, but the program...

Author: /time Magazine | Title: Almost Famous: Japan's Obama Impersonator | 11/19/2008 | See Source »

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