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...received about twice as much as the Big Three are asking for? In both cases, awful management created the need for a bailout, but suddenly Congress is getting a conscience about spending our money? Yes, one might say that financial companies are more important, but letting automakers fail could push a bad recession into a depression. Jason Toney, Pittsburgh, Pennsylvania...

Author: /time Magazine | Title: Inbox | 12/18/2008 | See Source »

...months now, the only silver lining for many amid the gathering economic gloom has been the pleasant sensation of filling their cars with ever cheaper gasoline. But that relief at the gas pump has slashed the revenues of the oil-producing countries, and on Wednesday they pushed back when the 11 oil ministers of the Opec cartel agreed to cut their combined output by about 2.2 million barrels a day starting January 1. The biggest production cut in Opec's 48-year history is an emergency measure aimed at reversing the precipitous slide in world oil prices, which the cartel...

Author: /time Magazine | Title: OPEC Cuts Production in Effort to Reverse Price Slide | 12/17/2008 | See Source »

...received about twice as much as the Big Three are asking for? In both cases, awful management created the need for a bailout, but suddenly Congress is getting a conscience about spending our money? Yes, one might say that financial companies are more important, but letting automakers fail could push a bad recession into a depression. Jason Toney, PITTSBURGH...

Author: /time Magazine | Title: Inbox | 12/17/2008 | See Source »

Although the panel did not hammer out specific policy details, New Jersey Congressman Rush Holt (who is also a plasma physicist) says Democrats are keen to push ahead on earlier proposals to improve teacher training in math, science and engineering, and to expand broadband Internet access nationwide...

Author: /time Magazine | Title: Democrats Vow to Push a Science Agenda | 12/16/2008 | See Source »

...placate protesting students amid rising fears that violence could break out across France. Given the defiant nature of French student protests over the years - including weeks of violent demonstrations over a new youth labor contract in 2006 - concern is growing in France that the dismal economic outlook could push the current anti-reform protests into the kind of wild insurrection that has rocked Greece...

Author: /time Magazine | Title: Could Greece's Riots Spread to France? | 12/15/2008 | See Source »

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