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...Friday. "The longer we wait, the worse the situation becomes," said one auto executive close to the situation. The Wall Street Journal reported that GM and Chrysler restarted merger talks, but both companies have flatly denied it. "We certainly are not in any merger talks with Chrysler," says Tom Wilkinson, a GM spokesman. "The report was simply wrong...

Author: /time Magazine | Title: In the Nick of Time: Bush Announces Auto Bailout | 12/19/2008 | See Source »

...Cruise, Tom •"I'm Not Crazy Anymore" tour of makes unconvincing stop at The Today Show...

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 12/19/2008 | See Source »

Adding another former rival to his administration, Barack Obama has nominated former Iowa governor Tom Vilsack to be the next secretary of agriculture. Vilsack was not an ideal choice for advocates of sustainable agriculture, who had hoped Obama would choose someone less connected to powerful agribusiness interests (Iowa's economy is dominated by huge corn and pig farms). But Vilsack has shown an ability to think independently and some critics are hoping his credibility with Big Agriculture could help him bring about radical changes in the Department of Agriculture without looking too far out of step with the mainstream...

Author: /time Magazine | Title: Secretary of Agriculture: Tom Vilsack | 12/19/2008 | See Source »

...list SAG members question the timing of holding a strike now, during a recession. Actress Rhea Perlman and husband Danny DeVito recently wrote a letter imploring the union to achieve a settlement with the studios rather than strike: the letter was seconded by such box-office draws as Tom Hanks, George Clooney, Cameron Diaz, Matt Damon, and Morgan Freeman. SAG president Rosenberg - who has his own list of stars backing him (Mel Gibson, Martin Sheen) - remains fixed on a strike. Starting Jan. 2, he hopes to hold a referendum over several weeks allowing SAG members to vote for or against...

Author: /time Magazine | Title: The Screen Actors Guild | 12/18/2008 | See Source »

Iowa is the ethanol capital of the nation, and President-elect Barack Obama has been a reliable supporter of biofuels, so it's no surprise that former Iowa governor Tom Vilsack, his choice for Agriculture Secretary, has been an even more reliable supporter of biofuels, even chairing a national coalition on ethanol (ethyl alcohol, a fuel distilled from plant matter). "As governor of one of our most abundant farm states, he led with vision," Obama said of Vilsack on Wednesday, "fostering an agricultural economy of the future that not only grows the food we eat but the energy...

Author: /time Magazine | Title: Vilsack: Some Hard Choices on Ethanol | 12/18/2008 | See Source »

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