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With the clock ticking on the hemorrhaging U.S. auto industry, the Bush Administration agreed to come to its rescue by offering a total of $17.4 billion in loans in exchange for concessions from the ailing companies and their workers. A majority of the funds will be offered to General Motors and Chrysler LLC immediately, with another $4 billion to be made available pending what the White House considers a viable recovery plan...

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

...Harvard men’s basketball team scored 42 of its 63 total points from long range on Wednesday night, shooting a blistering 67 percent from behind the arc, but it could not overcome Rice’s second-half comeback as the Owls (4-5) beat the Crimson 67-63 at Tudor Fieldhouse. Harvard (4-5) took the lead in the final minute with two free throws by junior guard Jeremy Lin, but Rodney Foster answered for the hosts with a three pointer with 40 seconds to play to give his team a 62-61 lead it would...

Author: By Paul T. Hedrick, CRIMSON STAFF WRITER | Title: Free Throws Down Men's Basketball in Final Minute against Rice | 12/19/2008 | See Source »

Former endowment chief Mohamed A. El-Erian earned $921,000, while his five employees earned between $3.9 and $6.4 million each. The total figure represents a significant increase of 20 percent over that of the previous year, which saw total compensation of $22.3 million...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Money Managers See Higher Compensation | 12/19/2008 | See Source »

...office. He did in 1987, won and later went on to serve in the Iowa State Senate beginning in 1992. In 1998 he became the first Democratic governor in Iowa in 32 years, winning after being behind by some 20 points in the polls. He served a total of two terms...

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

...face; it can take a lifetime to forget one. Now, according to an announcement from the Cleveland Clinic on Wednesday, it has taken a team of eight surgeons 22 hours to replace one. Sometime during the past two weeks, the clinic successfully performed the world's first near-total facial transplant, lifting a face nearly whole from a recently deceased donor and grafting it onto an anonymous woman who had suffered extreme disfigurement to more than 80% of her own face. Her upper eyelids, forehead, lower lip and chin are all that remain of her original features. The rest...

Author: /time Magazine | Title: Behind a Face Transplant Breakthrough | 12/17/2008 | See Source »

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