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...more than half of Americans who oppose the move that the funds will not be drawn from new debt but rather from existing dollars appropriated earlier this year in the energy bill. This is the same modernization fund the automakers were banking on to get them from SUV-land to Hybrid-world, so it's likely that come January President-elect Barack Obama will have to find or print fresh resources to help keep the ailing companies on the road. In other words, the $15 billion bridge fund Congress is expected to approve in the coming days is only...

Author: /time Magazine | Title: Can Congress Pass an Auto Bailout Bill Nobody Likes? | 12/9/2008 | See Source »

Even if sales do rebound, GM's opportunities for significant profits will be sharply reduced. It has shuttered several truck and SUV plants and will be switching production to small cars, where GM has traditionally had trouble making money...

Author: /time Magazine | Title: Even with a Bailout, GM's Profit Prospects Look Bleak | 12/3/2008 | See Source »

...past few months, however, the pretense has been dropped. There are new cars visible on the streets all the time now. Buyers pay in cash, and prices range from $10,000 for a basic sedan to five times as much for a top-of-the-line SUV. My rich Iraqi friends still keep their families in Amman or London, but when in town for business, they feel safe enough to flash their cash...

Author: /time Magazine | Title: Five Reasons for Hope in Iraq | 11/29/2008 | See Source »

...AUGUST, I SPENT THE MORNING with Rhee as she made surprise visits to Washington public schools. She emerged from her chauffeured black SUV with two BlackBerrys and a cell phone and began walking--fast--toward the front door of the first school. She wore a black pencil skirt, a delicate cream blouse and strappy high heels. When we got inside, she walked into the first classroom she could find and stood to the side, frowning like a specter. When a teacher stopped lecturing to greet her, she motioned for the teacher to continue. Rhee smiled only when students smiled...

Author: /time Magazine | Title: Rhee Tackles Classroom Challenge | 11/26/2008 | See Source »

...RHEE'S TOUR OF SCHOOLS DURING the first week of classes this year, a parent stopped her to praise her accomplishments so far. Rhee listened with a small smile while systematically cracking each of her knuckles with the thumb of the same hand. Then she got back into her SUV and began furiously e-mailing. When she calls her staff, she does not say hello; she just starts talking. She answered 95,000 e-mails last year, according to her office...

Author: /time Magazine | Title: Rhee Tackles Classroom Challenge | 11/26/2008 | See Source »

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