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...unusual nature of the trusts is likely to become a factor in Round 2 of the Big Three appeal for federal aid and could potentially present a conundrum for President-elect Obama. When retiree health care was just a deal between the automakers and the UAW, they decided who would get retirement-health-care benefits and who wouldn't. But now that taxpayers may be asked to finance the automakers' survival, the future funding of the trusts becomes a public issue. As one Detroit insider notes, "On the one hand, [Obama] doesn't want to take health care away from...

Author: /time Magazine | Title: Should Taxpayers Bail Out GM's Retirees? | 11/27/2008 | See Source »

...assume GM must be saved in its present form? Why not merge it with another automaker? Toyota comes to mind. The two companies already jointly operate the NUMMI (New United Motor Manufacturing, Inc) facility in California, where both GM and Toyota autos are produced. Why not take that joint venture further? Stephen V. Gilmore, Charlotte, North Carolina...

Author: /time Magazine | Title: Inbox | 11/27/2008 | See Source »

...incoming President already seems to be earning his salary, as Justin Fox and Massimo Calabresi make clear in their smart piece in this week's issue about Barack Obama's economic plan. Speaking of economics, TIME and FORTUNE will present the Fortune 500 Forum in Washington Dec. 1-3, featuring, among others, U.S. Treasury Secretary Hank Paulson and Federal Deposit Insurance Corporation chair Sheila Bair. The conference will bring high-ranking executives of America's leading companies together with top policymakers, including former Secretary of State Madeleine Albright and Pennsylvania governor Ed Rendell, to talk about the intersection between...

Author: /time Magazine | Title: Focal Points | 11/26/2008 | See Source »

...severely affected and continue to have a detrimental impact on sea life around the world, with more and more coral threatened with extinction. In 2006, the staghorn and elkhorn corals, prevalent along South Florida waters, were listed as threatened species under the federal Endangered Species Act (Staghorn coral is present in the Breakers reef, but it is not believed to have been damaged this time around...

Author: /time Magazine | Title: What's Killing Florida's Coral Reefs? | 11/26/2008 | See Source »

...lack of national consensus. And so, the frenetic horse-trading over the security agreement has become a game of brinkmanship. On Wednesday, the prime minister personally lobbied recalcitrant parliamentarians at the nearby Rasheed Hotel, in exchanges that degenerated into fiery rows, according to a Maliki aide who was present...

Author: /time Magazine | Title: Brinkmanship Delays Iraq Security Vote | 11/26/2008 | See Source »

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