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...week the Treasury Department provided Chrysler $4.1 billion in debtor-in-possession financing to help it get through bankruptcy, bringing the total amount of federal 'loans' to Chrysler to more than $8.2 billion. GM, meanwhile, has received $15.4 billion from the Troubled Asset Relief Program and its total loan request could top $27 billion before the company completes its restructuring, a GM spokesman says. Even that figure assumes that GM's cash burn, which was running more than $3 billion per month in the first quarter, begins to slow later in the year. If the recession deepens, GM could...

Author: /time Magazine | Title: Adding Up the Auto Bailout: $80 Billion and Growing | 5/11/2009 | See Source »

...Other countries can also lend a hand. In addition to helping provide the Pakistani military with money, arms, advising, and artillery, the international community could help with air strikes should Pakistan request them and mobilize an international coalition of troops to put down the insurgents. With limited economic capital, the international community should not entangle itself unnecessarily in wars. But the rare request in times of crisis from the Pakistani government should not fall on deaf ears...

Author: By Anthony J. Bonilla | Title: The End of Appeasement | 5/10/2009 | See Source »

...Massachusetts District Judge was receptive to his argument, granting the request in a move that would have allowed the state’s first-ever live Internet coverage of a federal court hearing. But the recording industry appealed to a higher court two days later, putting a hold on the broadcast and winning no friends on the Tenenbaum side, which saw what came to be known as the “First Circuit Appeal” as yet another move by powerful interests to restrict access to information online. “At a very basic level, this is about...

Author: By Christian B. Flow, CRIMSON STAFF WRITER | Title: Building the Public Domain, Part II | 5/9/2009 | See Source »

...Still, the African leaders under investigation in France aren't quaking just yet. Aware that the Paris prosecutor's office twice previously rejected Transparency's request as legally unfounded, they were among the many expecting that Desset's decision to investigate would be appealed. Many observers note that the prosecutor's office is filled by officials appointed by politicians that may be reluctant to see Paris' relations with African leaders aired. Some of France's less-than-savory clients in Africa have previously threatened to bring down political heavyweights in Paris who also benefited from Françafrique...

Author: /time Magazine | Title: The Enrichment of Africa's French Allies | 5/8/2009 | See Source »

...endowment value by year’s end and a corresponding reduction in the endowment payout—a major source of funding for the University’s different schools that accounts for 40 percent of the Law School’s annual revenue. A recent University request for a 10 percent reduction in the Law School budget has made staff layoffs inevitable as the school works to maintain its commitments to financial aid and its educational priorities, Jackson said in an interview with The Crimson Monday. “These are material changes that will affect our budgets...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Law School Will Cut Staff To Trim Budget | 5/5/2009 | See Source »

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