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Under the plan, called the Warranty Commitment Plan, both Chrysler and GM will contribute money to a special purpose company that will ultimately hold enough money to cover 125% of potential warranty claims. GM and Chrysler would contribute 15% of the required funds, and the Treasury would put in the rest. This special company would be separate from the automakers and would continue to pay for warranty service in the event of bankruptcy or liquidation. It does more: if Chrysler were liquidated in bankruptcy, for example, the warranty company would find a new service provider to oversee warranty-related body...

Author: /time Magazine | Title: How Good Are GM and Chrysler Warranties? | 4/1/2009 | See Source »

...Harvard Law School Library has established the Morris L. Cohen Fellowship in American Legal Bibliography and History, which intends to fund expenses for scholars who must travel to Harvard to access the Library’s Special Collections. Close to 40 percent of the graduate students who contact the Library hoping to consult the materials in Special Collections are not affiliated with Harvard, according to David R. Warrington, the Special Collections librarian. The department houses nearly 2,000 feet of linear manuscript, more than 200,000 rare books, and over 70,000 visual images. “The fellowship will...

Author: By Stephanie M. Woo, CONTRIBUTING WRITER | Title: HLS Establishes Library Fellowship | 3/31/2009 | See Source »

FlyBy: Are you doing anything special to celebrate...

Author: By Jillian K. Kushner | Title: They are smart, we promise | 3/31/2009 | See Source »

...want to give away all of our good news," said Gibbs, raising the stakes even higher. Indeed gifts are not the only petty detail that can soil an international relationship. The British press has also harped on the fact that Obama once referred to the "special partnership" between Britain and the U.S., instead of the traditional evocation of the "special relationship." Such granular details manage to exhaust some on Obama's staff. "I continue to be mystified about the difference between the two words," says Gibbs...

Author: /time Magazine | Title: Obama in Europe: Facing Four Big Challenges | 3/31/2009 | See Source »

...Verhagen told the conference that the challenge now was far more than just killing terrorists, and involved security, governance, social and economic progress, and regional integration. "Afghanistan is not an island," he said. "Its challenges are interlinked with the region through ethnic, religious and political bonds." (See TIME's special report on the G-20 summit...

Author: /time Magazine | Title: Obama's Unlikely Ally: Iran Signs On To Afghan Plan | 3/31/2009 | See Source »

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