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...Over the next month, the task force rammed through an odd-looking arrangement: The government would put up the money. The UAW's Voluntary Employee Beneficiary Association (VEBA) - a trust set up at Chrysler and other U.S. carmakers to shift retiree health-care obligations off company books - would own a majority of the shares. Fiat would run the place. And some sort of entity called Chrysler would survive. Despite the protests of some bondholders, the deal was sent to receive the blessing of a bankruptcy judge...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...chided the owners. "The owners misunderstood the case law, and many of their arguments were inconsistent," she said. "One side can't come up with new rules unless they negotiate it with the other." A few sports columnists, offended by the speed with which she reached her decision, offered odd indictments of Sotomayor. "I'm sorry she's not male, so I could say what I really think," wrote Furman Bisher of the Atlanta Journal-Constitution. "I haven't the time or disposition to deal with NOW [the National Organization for Women] right now." However, the legal community...

Author: /time Magazine | Title: How Sotomayor 'Saved' Baseball | 5/26/2009 | See Source »

...think, occasionally important to ask yourself that odd question: “What the hell am I doing here?” It is perhaps easier, though no less important, to ask this question right as you are about to leave (and Harvard will kick us out with very little ceremony on June 5, following the exaggerated ceremonialism of the preceding two days of graduation). Why did I choose my concentration? Why did I choose my thesis topic? Why am I going to graduate school? What is the value of an education...

Author: By Alexander B. Fabry | Title: The Value of Veritas | 5/21/2009 | See Source »

...Harvard is that etymology will improve almost any argument (or at least extend its length), let me begin with a brief history of the word. “Value” started from the Latin valere, passing through Old French before landing with a messy splash in English. An odd cluster of meanings branched from its two short syllables: it meant to be healthy, to be able, or to be worthy; when used to describe words, it also meant to be meaningful or to be significant. Somewhere along the way, the word evolved from describing a state of being...

Author: By Alexander B. Fabry | Title: The Value of Veritas | 5/21/2009 | See Source »

...just view this as not a door closing, but huge doors - many, many, many, many doors opening in so many ways. It just, to me, it seems odd to ... but I think the point made is a point that needs to be discussed among people who are really sacrificing and giving up and feeling like they're being shortchanged in their lives...

Author: /time Magazine | Title: Interview with the First Lady | 5/21/2009 | See Source »

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