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...plans to start paying back its government loans this month. Repaying the direct government loans well ahead of the 2015 date contemplated by the Treasury Department when it helped GM reorganize during the bankruptcy is the first step toward an initial public offering of stock in the new GM. While GM received more than $50 billion in federal aid, only about $6.2 billion will be repaid in cash; the U.S. Treasury agreed to take stock in lieu of cash for much of the remainder, which gave the government a 60.8% stake in the new GM. Earlier this week, Treasury Secretary...

Author: /time Magazine | Title: GM's New Leaders: Ambitious for Change | 12/11/2009 | See Source »

...Looking toward the future, Arts Bridge hopes to offer many more classes, not only to teenagers, but also to younger children, adults, and senior citizens...

Author: By SOFIE C. BROOKS, CRIMSON STAFF WRITER | Title: Oh Allston, My Allston | 12/11/2009 | See Source »

...various options. It could table its own comprehensive peace plan. It could change its focus to brokering a deal between Israel and Syria. Or it could vastly reinvigorate the effort to build up Palestinian institutions on the West Bank as part of a step-by-step progression toward peace. Working with special envoy Tony Blair and the private sector, the U.S. could again help build economic institutions, learning and job centers, industrial free-trade zones and youth programs. It would not require a lot of money; it could be done by enlisting American corporations and organizations in public-private partnerships...

Author: /time Magazine | Title: In the Holy Land, Resetting U.S. Mideast Policy | 12/10/2009 | See Source »

...could be saved until later. So, too, could the question of Gaza, whose citizens would then be presented with the stark choice of continuing to support Hamas or embracing the peace and prosperity enjoyed by their brethren in the West Bank. And President Obama could take a large step toward fulfilling the hopes he raised in his Cairo speech...

Author: /time Magazine | Title: In the Holy Land, Resetting U.S. Mideast Policy | 12/10/2009 | See Source »

...American pastor," Warren said in his statement, "it is not my role to interfere with the politics of other nations, but it is my role to speak out on moral issues." He told the Ugandan pastors that the bill was "unjust, extreme and un-Christian toward homosexuals." The bill's requirement that Ugandans report any meeting with homosexuals to authorities, he said, would hinder the ministry of the church and force homosexuals who are HIV positive underground. He also defended the timing of his denunciation. "Because I didn't rush to make a public statement," he said, "some erroneously concluded...

Author: /time Magazine | Title: Rick Warren Denounces Uganda's Anti-Gay Bill | 12/10/2009 | See Source »

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