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...addition, several automakers, among them Ford Motor Co., Volkswagen, Nissan, Honda and Mitsubishi, have applied for assistance under the Federal Reserve Board's Term Asset-Backed Securities Loan Facility or TALF. The TALF, which was set up last fall, was designed to subsidize the sale of asset-backed securities, a critical source of funding for car loans, student loans and credit card receivables...

Author: /time Magazine | Title: Adding Up the Auto Bailout: $80 Billion and Growing | 5/11/2009 | See Source »

...best hope for surviving. From the North's point of view, any bargain would have to take the form of a new package deal that would reaffirm to Kim Jong Il that the U.S. is not hostile to the regime, accepts its legitimacy and is willing to provide long-term development assistance. Only the U.S. can persuade the leadership in South Korea not to seek to absorb the North or undermine it - so long as North Korea terminates its plutonium-bomb program under verifiable conditions. In sum, it can be argued, North Korea's security is actually the best...

Author: /time Magazine | Title: Why North Korea is So Crazy | 5/11/2009 | See Source »

...Italy's perennial problems - runaway public debt, red tape, organized crime, corruption, a grinding justice system and aging infrastructure - but at least he's provided stability. Italy averaged almost a government a year between the end of World War II and the turn of the century. Berlusconi completed his term between 2001 and 2006; re-elected in 2008, he may well last until 2013. (Read: "Why Berlusconi Loves a Good Gaffe...

Author: /time Magazine | Title: Silvio Berlusconi: An Italian Mirror | 5/11/2009 | See Source »

...much for staying forever young. Unlike that other Dylan--Thomas, whose name he appropriated--Bob doesn't rage against the dying of the light. He savors it, tries to understand it, enjoys the long-term memories--the sound of Chess records--sighs and heads home: "The sun is sinking low/ I guess it's time to go/ I feel a chilly breeze/ in place of memories." But it's not over yet, is it, Bob? The creative arc's not complete. You've got one more trick, right...

Author: /time Magazine | Title: Bob Dylan: Time For One More Change? | 5/11/2009 | See Source »

...closure of the Widener Library Cafe and the Student Organizations Center at Hilles Penthouse coffee bar, the list included a number of vaguer items that implied possible future changes to staff hours, the number of Teaching Assistants and Teaching Fellows who help teach College courses, and long-term capital projects...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: FAS Announces Broad Array of Budget Cuts | 5/11/2009 | See Source »

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