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...Senators on the panel did agree on one thing: that any money would not come without some strings. "It's happening with the [$700 billion bank-bailout] program, where there is no strategy, and we're just throwing money out there," said Senator Bob Menendez, a New Jersey Democrat. In addition to monthly updates on the Big Three's progress, many members of Congress want an oversight board or a single trustee to be empowered to win concessions from employees, retirees, dealers and creditors that are essential for any long-term restructuring plan to work...

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

...disastrous appearance on Capitol Hill was the need to present a better face to their plight. They all drove hybrid or fuel-cell vehicles from Detroit, in stark contrast to the corporate jets all three arrived in last month. Senator Richard Shelby of Alabama, the top Republican on the panel and a fierce opponent of giving them any aid, grilled them on their road trips. "Did you drive? Did you have a driver?" he pressed. "Do you plan on driving back...

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

...global warming. Some areas of the world will grow wetter as a result of climate change, but others will grow dryer, and so far the drying is winning. The area of the earth's land surface classified as very dry has doubled since the 1970s; by 2050, the Intergovernmental Panel on Climate Change believes, that trend will worsen. "You do the math, and it gets a little scary," says Stuart Minchin, a water expert with the Australian Commonwealth Scientific and Research Organization. (See pictures of Australia, the driest inhabited continent...

Author: /time Magazine | Title: Dying for A Drink | 12/4/2008 | See Source »

...Harvard Law School professor who heads the congressional panel that oversees the federal bailout said that the government has yet to lay out a sound plan for dealing with the financial crisis. Professor Elizabeth Warren told The New York Times on Tuesday the government’s actions so far have lacked clarity and direction. Warren said she believes that if need be, the government should not shy away from repairing individual families’ financial health. “Household financial health is profoundly tied to the economic health of the nation. You cannot repair this economy...

Author: By Sofia E. Groopman, CONTRIBUTING WRITER | Title: Harvard Law School Professor Criticizes Bailout Plans | 12/3/2008 | See Source »

Newly elected members of Congress gathered with students and faculty yesterday for a panel that encouraged U.S. leadership in sustaining global health efforts despite a tough economy. The panel entitled “Priorities in Global Health for the Next Congress” was hosted by the Institute of Politics and featured Dean of the Harvard School of Public Health, Dr. Barry R. Bloom as moderator. The panelists included Dr. David E. Bloom, chair of the Department of Population and International Health at HSPH; Dr. Julio J. Frenk, HSPH dean designate; and Dr. Rajeev Venkayya, director of the Global Health...

Author: By Lauren J. Vargas, CONTRIBUTING WRITER | Title: Institute of Politics Hosts Global Health Panel | 12/3/2008 | See Source »

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