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...potential GM-Chrysler deal that enhances liquidity at the new entity may lead to a rally in GM shares as well as the shares if its dependent suppliers. But we increasingly view such a rally as potentially tenuous," said J.P. Morgan's Himanshu Pate in a recent note to investors still hanging on to shares trading at historic lows. That no longer includes Kirk Kerkorian. The Los Angeles mogul, who has made a fortune buying and selling auto stocks over the past two decades, dumped his big block of Ford shares at a substantial loss, saying there was more opportunity...

Author: /time Magazine | Title: Detroit's Big Three Near the Brink | 10/24/2008 | See Source »

...like the bit when she came back and they were French kissing? [Ed. note: there is no French kissing in this movie...

Author: /time Magazine | Title: High School Musical 3: The Critic vs. The Kids | 10/23/2008 | See Source »

...accounts for about a quarter of all fixed-asset investment in China and about 10% of national employment. A slump could drag down other sectors like steel production. "Beijing cannot afford a collapse in the housing market," wrote Jing Ulrich, chairman of China equities for JPMorgan, in a recent note to investors...

Author: /time Magazine | Title: How Will China Weather the Financial Storm? | 10/23/2008 | See Source »

...Leadership, we should note, is a word and a concept that is used much more often in and about the U.S. than it is anywhere else. The French have so much trouble with the idea of a leader that they often revert to using the English word. The Germans - for understandable reasons - do not boast of their own nation's führerschaft. But American politicians, of all stripes, have no problem in claiming a leadership role for the U.S. - in fact, they regard it as axiomatic that the U.S. should "lead" the world. As David Rieff argued recently...

Author: /time Magazine | Title: America: The Lost Leader | 10/23/2008 | See Source »

...Policymakers, developmental economists, and international non-governmental organizations (INGOs) would be wise to note the Planeteers’ two most salient lessons. First, the human race has never been in harmony with nor entirely an enemy of nature, but rather has oscillated somewhere in between. We are too weak to forgo exercising power over other life forms, but strong enough not to be indifferent. The second lesson, trite as it may seem, is that human ingenuity and creative collaboration can overcome problems of exploitation and steer a sustainable cultivation of the planet...

Author: By Raúl A. Carrillo | Title: Captain Planet Economics | 10/23/2008 | See Source »

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