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...industry will hit a post-bankruptcy tipping point around Labor Day. Chrysler will be several months into its Chapter 11, and, unless there is a miracle like one seen at Lourdes, GM will be in court within two or three weeks. It will appear to the public that the car industry is burning to the ground. Desperate dealers offering prices that defy logic will only heighten the sense that the American car business is just hanging on to the ledge...

Author: /time Magazine | Title: GM and Chrysler: The Revenge of the Car Dealers | 5/19/2009 | See Source »

...controls of the space shuttle Discovery when it deployed the Hubble Space Telescope in 1990 now appears poised to steer NASA into its post-shuttle orbit. Former astronaut and retired Marine general Charles Bolden Jr. is President Obama's likely nominee to head the space agency; the two are expected to meet at the White House May 19 for a formal interview. Years before his famous Discovery flight, Bolden traveled to space with a payload specialist named Bill Nelson - now a powerful Florida Senator and one of Bolden's strongest backers. While Bolden, 62, is widely respected within the space...

Author: /time Magazine | Title: Charles Bolden: The Next Boss at NASA? | 5/19/2009 | See Source »

Some local taxpayers are livid at Hardin officials. "It's been a complete fiasco since the beginning," says Mike Carpata, a forester with the Bureau of Indian Affairs, as he shopped at Lammers Trading Post in Hardin's downtown. But others remain supportive of the project. The store's fourth-generation owner, George Lammers, notes that after subtropical Gitmo, the dry, wintry high plains "would be torture for some of those boys." He adds, "I think it would be great for all the law-enforcement people to be here. It would help our housing market. Our city fathers wanted...

Author: /time Magazine | Title: The Montana Town That Wanted to Be Gitmo | 5/18/2009 | See Source »

...with $640,000 in cash compensation, $81,304 in moving and other expenses, and $53,739 in benefits. It is the first time Faust’s compensation information has been made available; University spokesman John D. Longbrake declined to release her salary in her previous post as dean of the Radcliffe Institute for Advanced Study...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Admins Stay Mum on Salaries | 5/18/2009 | See Source »

...there—hunched before your computer, reading this blog post in an irrational, desperate attempt to avoid studying for your final—you may be feeling kind of down. You don’t recognize any of the terms on your study guide because you haven’t gone to lecture since the midterm. A semester’s worth of books, in pristine condition, tower around you in tall, menacing stacks. There are less than 24 hours until your exam begins and you realize—as the nonchalance of reading period crashes and burns around...

Author: By Michelle L. Quach | Title: The Pursuit of Happiness | 5/18/2009 | See Source »

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