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...told, the Big Three have asked for $34 billion in bridge loans, though many economists say it will take up to $200 billion to really reinvent Detroit; negotiators have agreed to grant $14 billion to keep them afloat through March, but the companies must jump through significant hurdles in order to qualify for more federal aid after that. (Read TIME's biographies of the Big Three CEOs...

Author: /time Magazine | Title: Another Bailout Blowout? Why the Auto Deal May Crash | 12/11/2008 | See Source »

...quickly a new story can be written may depend largely upon the Chinese people becoming a whole lot better at consuming more and saving less. But, while the authoritarian government continues to pull the strings in many parts of society, Beijing cannot simply order citizens to buy Gucci for the good of the country and the world. Chinese save much of what they earn because the government has yet to provide the web of social services available in other countries. China's national social security system and government health-insurance schemes are drastically underfunded, and moreover don't cover...

Author: /time Magazine | Title: Wanted: A New Miracle | 12/11/2008 | See Source »

...Along? Since when does the military need a sanctuary city [Dec. 1]? The only ones who treat the U.S. military with disrespect are those in the Bush-Cheney Administration. Also, the modern military has become an insulated class of people who think they are of a higher order than other citizens. I realize that very few are pulling the load when it comes to the fighting, but don't dare think for one instant that there is any one group that is more American than another. Didn't we reject that notion by not electing Sarah Palin? Roger B. Wicks...

Author: /time Magazine | Title: Inbox | 12/11/2008 | See Source »

...Concerned about his limited involvement in my upbringing, my father felt it was his duty to correct me as often as possible. As an adult, it was difficult for me to internalize his lectures. Such divided families are the ultimate symbol of what parents are willing to sacrifice in order to provide a better future for their children. It may not always be the best way, but I will always be grateful to my parents for the decisions they made. Jamie Kyujin Paik, Paris...

Author: /time Magazine | Title: Inbox | 12/11/2008 | See Source »

...aftermath of the Mumbai attacks, the greatest challenge lies in convincing India and Pakistan that they need to abandon some of their long-held positions in order to reach a resolution over Kashmir. The road from Srinagar to Muzaffarabad may be open, but the obstacles along the way seem bigger than ever...

Author: /time Magazine | Title: Can India and Pakistan Lower Tensions Over Kashmir? | 12/11/2008 | See Source »

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