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Reid and House Speaker Nancy Pelosi have long wanted to see the money come from the $700 billion bank bailout fund, known as the Troubled Asset Relief Program, or TARP, and have argued against taking money from the modernization fund. Pelosi relented only after Friday's job report - the worst in 34 years, showing that the economy shed more than 533,000 jobs last month. But, having made this concession, Dems said they were unlikely to yield more ground. "This is a bad choice that we have to make. We should be able to use TARP money. The White House...

Author: /time Magazine | Title: Can Congress Pass an Auto Bailout Bill Nobody Likes? | 12/9/2008 | See Source »

...late 2005, workers at Ford came within a few dozen votes of scuttling a plan that offered the company relief from skyrocketing health-care costs by raising co-pays and deductibles. At Chrysler, the same cuts never came to a vote because the union's Chrysler council, which is made up of top local union officers, opposed the cuts even though the union board had recommend approval...

Author: /time Magazine | Title: Bailout Tactics: UAW Prepares for Its Next Move | 12/8/2008 | See Source »

...Cold Wars go, NATO's season of half-hearted saber-rattling at Russia over its summer offensive in Georgia was decidedly brief, and tepid. It was with a palpable sense of relief - at least in the capitals of Western Europe - that the Alliance moved this week to bury the hatchet with Moscow, agreeing at NATO summit to resume relations with Russia that had been bedeviled by Moscow's military showdown with Georgia. The move reflects a victory for Western European skepticism over what is viewed as the overly confrontational approach to Russia adopted by Washington, made possible by the waning...

Author: /time Magazine | Title: As Georgia Recedes, NATO Eases Stance on Russia | 12/6/2008 | See Source »

Dybul, a former ambassador to Switzerland who currently leads PEPFAR, gave a detailed explanation of American AIDS relief policy for sub-Saharan Africa...

Author: By Youho T. Myong, CONTRIBUTING WRITER | Title: Funds, Partnership Keys to AIDS Battle, Official Says | 12/5/2008 | See Source »

While the debate did not declare a winner, many audience members said that Benjamin P. Schwartz ’10 and Andrea R. Flores ’10 were the victors, while Michael C. Koenigs ’09 provided the best comic relief...

Author: By Sofia E. Groopman, CONTRIBUTING WRITER | Title: UC Candidates Battle for Votes | 12/5/2008 | See Source »

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