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...even to develop a coherent list of questions to ask Treasury about what it’s doing and what it plans to do—and whether either of those are likely to address what’s going wrong,” she said. The panel will present the first stage of its findings to Congress on December 10th. According to Warren, the report will outline “the central questions that Treasury should be addressing as it spends the taxpayers’ money...

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

...abode. The six to eight page paper-thin fire door separating our two rooms bars my curious eye and masks his more subtle sounds. But based on what I’ve heard, Piper’s definitely a brooding wannabe of a hipster intellectual. When other voices are present in his room, all I hear through the door is vinyl jazz and Débussy. But when the voices are gone, the mid-90s jams from the likes of Smashmouth and Sugar Ray that he bumps disturb my studying and make me want to vomit up a Beanie Baby...

Author: By Charles J. Wells, CRIMSON STAFF WRITERS | Title: True Tales of a Sinister Hipster | 12/3/2008 | See Source »

...billion and give it to the three major car companies, which I think have a business plan that's doomed to fail," Senator Lindsey Graham, a South Carolina Republican, told Fox News Sunday, adding that Republican members are not wild about the Democrats' demand that the Big Three present their plans to Congress. "The idea that you would take three failed car companies, bring [a plan] to 535 members of Congress and let us pass judgment on it doesn't make a lot of sense to me. I don't know how to run a car company...

Author: /time Magazine | Title: The Auto Bailout May Wind Up on Obama's Plate | 12/3/2008 | See Source »

...part, has proposed using the $25 billion appropriated earlier this year in the energy bill to modernize the industry, a move opposed by Democrats as forcing Detroit to choose between its present and its future. Giving the automakers a second pass at convincing Congress does nothing to resolve this ideological disagreement. What it does do is give them a chance to repair their beaten-down image. In what became an infamous public-relations disaster, the executives flew in on private jets last month to beg for money. Then, in two hearings before the banking committees, the three appeared to blame...

Author: /time Magazine | Title: The Auto Bailout May Wind Up on Obama's Plate | 12/3/2008 | See Source »

...case for $34 billion in bridge loans to help their companies rebound from staggering debt loads and enormous losses. Having failed to convince Congress last month, Ford's Alan Mulally, General Motors' Rick Wagoner and Chrysler's Robert Nardelli are scheduled to testify this Thursday and Friday to present detailed plans on how the American automobile industry can survive the current economic woes and even thrive into the future. (See the 50 Worst Cars of All Time...

Author: /time Magazine | Title: The Auto Bailout May Wind Up on Obama's Plate | 12/3/2008 | See Source »

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