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Under the plan, called the Warranty Commitment Plan, both Chrysler and GM will contribute money to a special purpose company that will ultimately hold enough money to cover 125% of potential warranty claims. GM and Chrysler would contribute 15% of the required funds, and the Treasury would put in the rest. This special company would be separate from the automakers and would continue to pay for warranty service in the event of bankruptcy or liquidation. It does more: if Chrysler were liquidated in bankruptcy, for example, the warranty company would find a new service provider to oversee warranty-related body...

Author: /time Magazine | Title: How Good Are GM and Chrysler Warranties? | 4/1/2009 | See Source »

...senior management. Dealers get some leeway but not much, and taking a car to an unauthorized repair center can effectively negate the warranty. "None of this is clear," said one dealer, referring to the many nuances of warranty work that are yet to be defined in the government's plan. He also noted that if GM is forced into bankruptcy, dozens of dealerships could close and consumers would be left guessing as to where to take their vehicles...

Author: /time Magazine | Title: How Good Are GM and Chrysler Warranties? | 4/1/2009 | See Source »

...Circus flagship store in London - which, at 90,000 sq. ft., is one of the biggest fashion retail spaces in the world, is a favorite pit stop for celebs like Chloë Sevigny, Keira Knightley and Kirsten Dunst. In New York City, Green and his team of 17 designers plan to stock the 25,000-sq.-ft. retail space with 200 to 300 new styles every two weeks. That's a superspeedy rotation given the fact that most U.S. fast-fashion companies restock on a six- to 10-week schedule, while European competitors like H&M and Zara average three...

Author: /time Magazine | Title: Look Out, H&M. Britain's Topshop Invades New York | 4/1/2009 | See Source »

...While the Bush administration’s scheme to place missile interceptors in Poland and the Czech Republic was admittedly inflammatory, Polish and Czech agreement to the plan reflects a very real concern for the conventional military guarantees included in the pact. Even if the Obama administration does not go ahead with the plan to install defensive systems in these Central European nations, it should still make it clear that any sort of aggression against our allies in this region would be absolutely unacceptable. To that end, the Obama administration should implement a conventional defense treaty with Poland...

Author: By Eugene Kim | Title: Building a Better NATO | 4/1/2009 | See Source »

...Afghanistan a foreign policy priority, Tehran's offer lends unlikely international support to his new strategy for the country, unveiled last Friday. With the Taliban making inroads, allied casualties at their highest since the war began, and Al Qaeda still lurking in the remote border areas, the president's plan involves raising troop levels in Afghanistan and sharing the burden of rebuilding. The conference in The Hague - which included delegates from 70 nations - aims to internationalize reconstruction efforts...

Author: /time Magazine | Title: Obama's Unlikely Ally: Iran Signs On To Afghan Plan | 3/31/2009 | See Source »

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