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...circumstances of the failing U.S. auto market make it significantly more likely that GM and Chrysler will not get the funds they want to stay independent. The federal government may force them into Chapter 11 while providing funds to keep them operating indefinitely. Congress and the Administration may decide that supporting Detroit is necessary because closing the firms would put so many people onto the unemployment line. More job losses, of course, would in large part negate the goal of the stimulus plan to add three to four million new jobs to the economy over the next two years. From...

Author: /time Magazine | Title: 2009 Car Sales: Detroit Can't Cut Costs Enough | 2/2/2009 | See Source »

...still keep your entire manufacturing process in Italy. How do you stay competitive when so many of your competitors have moved to China...

Author: /time Magazine | Title: CEO Speaks: Ferruccio Ferragamo | 2/2/2009 | See Source »

...take him for walks? He doesn't like the outside. He likes living rooms and my library. He likes going in there and eating my Russian novels. When I go on vacation he comes home with me and we stay together in the house. He doesn't like the great outdoors anymore...

Author: /time Magazine | Title: Groundhog Handler Doug Schwartz | 2/2/2009 | See Source »

...illegal in New York State. We take naps, it's kind of like a very intimate little love affair we've got going. But around Groundhog Day he's most ornery cause it's breeding season and he is trying to assert his dominance so that other males will stay away. He makes an awful screeching sound and then he scent marks my house and I have to go and clean it up. He's looking for a wife. I had one all set up and then we had the current economic situation and the exhibit was put on hold...

Author: /time Magazine | Title: Groundhog Handler Doug Schwartz | 2/2/2009 | See Source »

...more twist that the Mercedes, at least so far, has not: Odyssey has discovered human remains at the site. In compliance with UNESCO guidelines that urge respect for gravesites, the company says its robotic diver re-buried the unearthed bones. Yet Sir Robert Balchin hopes they don't stay that way. "My own view is that the human remains should be brought up and properly buried on land," the Admiral's descendant says. "I think it's what John Balchin would have wanted...

Author: /time Magazine | Title: The HMS Victory, Famed Shipwreck, Is Found | 2/2/2009 | See Source »

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