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...Fiat's latest products and technology, including Fiat's nifty little city car, the Fiat 500. The deal raised morale at Chrysler's headquarters and technical centers in Auburn Hills, which had been hit hard by layoffs since September. "I think everyone felt a lot better," said one senior Chrysler official...

Author: /time Magazine | Title: So Who Owns Chrysler Now? | 1/23/2009 | See Source »

...substance, not a whole lot is likely to change. The young Treasury Secretary-designate knew the "manipulator" line would get a lot of attention, as it has. So the tone is already different. Further, though Beijing may not know this yet (and will be mortified to learn), some senior economic officials in the new Administration have made it plain that they have little use for SEDs. Some view them as pointless, time-consuming gabfests that accomplished little from the U.S. perspective (which is exactly why the Chinese loved them). For the Obama crowd, the SEDs may be DOA, though...

Author: /time Magazine | Title: Behind Geithner's China-Currency Charge | 1/23/2009 | See Source »

...renter, you might want to think about one other option: homeownership. "Prices have come down in some areas so much, renters can even start considering buying," says Gleb Nechayev, a senior economist at Torto Wheaton. He looked across markets at the average monthly cost of buying a condominium, assuming a 20% downpayment and annual fees of 1.5%. Even after adding in interest on the loan, buying an apartment in certain markets - including Las Vegas; San Diego; Orlando, Fla.; Sacramento; and Fort Lauderdale, Fla. - came out to be cheaper than the average rent price. In West Palm Beach, Fla., buying cost...

Author: /time Magazine | Title: Bright Spot in the Housing Crash: Cheaper Rents | 1/22/2009 | See Source »

...straight years during his Senate tenure, he was voted "most respected member" of the body by a bipartisan group of senior aides...

Author: /time Magazine | Title: Middle East Envoy George Mitchell | 1/22/2009 | See Source »

...atrocities will demand his attention. There are crucial decisions to be made about the pace of withdrawal from Iraq and how many U.S. troops to add in Afghanistan. (Asked about the persistent reports from the Pentagon that up to 30,000 more troops are scheduled for Afghanistan, a senior Obama aide said, "No - repeat, no - decision has been made about troop levels in Afghanistan, and anyone at the Pentagon who says otherwise should be fired.") But foreign policy developments seem destined to take some time, given the new President's proclivities: there will not be the macho kinetics...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

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