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Cook the spaghetti in a large pot of boiling salted water until al dente, approximately 10 minutes. Drain in a colander and then return spaghetti...

Author: /time Magazine | Title: Cheap Eats: Star Chefs' Spam Recipes | 12/11/2008 | See Source »

...After the vote, the House adjourned, with aides saying that House members will return next week if the Senate can come to an agreement. But such an accord will not come easy. In fact, the House bill was pronounced DOA in the Senate six hours before the House even voted on it. Senate Republicans are balking at a deal they claim does not go far enough in demanding that General Motors, Ford and Chrysler prove they have viable long-term business plans before qualifying for a second round of loans in March. All told, the Big Three have asked...

Author: /time Magazine | Title: Another Bailout Blowout? Why the Auto Deal May Crash | 12/11/2008 | See Source »

...instance, the government completed its initial investment of $25 billion in Citigroup in late October. Back then, a preferred share similar in type to those purchased by the government was trading at $15.60. Since then, the shares have fallen 12%, to a recent $13.67. To figure out the total return of Treasury's portfolio, TIME compared the returns of an index that tracks financial preferred shares with the dates on which Treasury made its investments. All told, in about six weeks the Treasury Department has lost an estimated $16 billion, or about 10% of the money invested...

Author: /time Magazine | Title: Treasury Investments Already $16 Billion in the Red | 12/11/2008 | See Source »

...double-digit growth rate plummets, thousands of factories are being shut down and millions of workers are being thrown onto the streets. They will need jobs in the years to come, and the Chinese government is scrambling for an answer to Zhang's plaintive question as he prepares to return to his native Sichuan province: "What am I going to do after I get home...

Author: /time Magazine | Title: Wanted: A New Miracle | 12/11/2008 | See Source »

...Ramesh Ponnuru makes many valid points in his analysis of the abject failure of the Republican Party in the 2008 elections [Dec. 1]. Yet I would like to suggest an extremely obvious reason: the abysmal record of the Bush Administration. With George W. Bush gone, Republicans will return, after a period of reflection, as a viable force in the U.S. In the meantime, Barack Obama has a great deal of work to do to repair the damage done by our worst President. Bill Gottdenker, Mountainside...

Author: /time Magazine | Title: Inbox | 12/11/2008 | See Source »

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