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...Thursday night, Treasury's interim chief investment officer of the $700 billion bailout fund, Jim Lambright, and his team of crisis managers hunkered down with representatives of GM and Chrysler and worked all night to finalize the details of the deal. The result does its best to impose order on what would otherwise be the disorderly bankruptcies of the two companies, but in many regards it just passes the buck to Obama. To be fair, Treasury had but a week to address an incredibly complex problem and come up with a multibillion-dollar aid package - no small achievement, however lacking...

Author: /time Magazine | Title: Bush's Rescue Plan for Detroit: Passing the Buck | 12/19/2008 | See Source »

...whether to bring back the military officer training program that was booted from campus in 1969 at the height of anti-Vietnam furor. While students voted 54% to 46% to keep the ban in place, ROTC advocates say the tenor of the debate was more revealing than the ultimate result. Take Learned Foote, for example, a sophomore who is gay but supports ROTC as a way to bridge the gap between civil and military service. "If you push [the military] off of campus and wait for others to do that work, I don't think that's as effective...

Author: /time Magazine | Title: Why the Ivy League Is Rethinking ROTC | 12/18/2008 | See Source »

...result, two directors of the state's recently created antikidnapping unit have been abducted and are still missing. Many believe Batista's kidnapping is part of that counteroffensive. "This is clearly a message to back off," says a former Mexican senator...

Author: /time Magazine | Title: In Mexico, a Kidnapping Negotiator Is Kidnapped | 12/18/2008 | See Source »

...Taiwan Direct-Flight Diplomacy Old foes China and Taiwan resumed direct, daily commercial flights for the first time in almost 60 years, ending the need for travelers to add hours to their trip by changing planes. The flights--as well as direct ship traffic--are seen as a result of Taiwan President Ma Ying-jeou's work to thaw relations with Beijing...

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

...Decades of research show that two main factors result in better educational outcomes for poor and minority children: intensive, individualized early preschooling and small elementary-school classes. Yet for the past decade, the focus has been entirely on teacher quality. Why? It's cheaper and more palatable politically. Of course, it's better to have a good teacher than a poor one. But if you put the best teacher in a run-down school with a class of 35 students, most of them not up to par with their class level and some with developmental and discipline problems, that teacher...

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

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