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...clearly looking for the exit. The German automaker owns a 19.9% stake in Chrysler but wrote down the value of the shares to zero last autumn (how's that for pessimism). Negotiations begun by Cerberus back in September to purchase Daimler's stake broke down. However, Daimler could transfer the Chrysler shares to Fiat for non-cash consideration such as patents or technology. (See pictures of the remains of Detroit...

Author: /time Magazine | Title: So Who Owns Chrysler Now? | 1/23/2009 | See Source »

...heating stoves in developing countries and turning to solar power and other clean sources of energy. "We need sustainable growth in every city in this world," says Edwin Lau Che Feng, director of the environmental group Friends of the Earth in Hong Kong. "Richer countries have a responsibility to transfer cleaner technology to developing nations and help them reduce emissions because developing nations are the world's factory today...

Author: /time Magazine | Title: Study Gets Inside the World's "Brown Cloud" | 1/23/2009 | See Source »

Review Every Case First, the Obama Administration must re-examine all the case files and decide which detainees to prosecute in the U.S., which to transfer to the custody of another government and which to simply release. There are nearly 250 detainees left, ranging from hard-core jihadists like Khalid Sheik Mohammed - who pleaded guilty to masterminding the 9/11 attacks - to a group of 17 Uighur dissidents from China - who even the Pentagon says represent no threat to the U.S. President Obama wants a Cabinet-level committee to lead the reviews. A report by the Center for Strategic & International Studies...

Author: /time Magazine | Title: Obama Orders Gitmo Closed. Now the Hard Part | 1/22/2009 | See Source »

...They are pitted in urgent struggles against bloodless communists or mustachioed triads with a penchant for quoting Confucian maxims. Willowy Eurasian sirens in brocade skirts set honey traps at every turn, and the duplicitous locals care for nothing but share-trading and cognac. Great events - a devastating typhoon, a transfer of sovereignty - provide epoch-shifting denouements to stories of unsurpassed venality...

Author: /time Magazine | Title: Hong Kong, Noble House Style | 1/22/2009 | See Source »

...want a coronation (too much pomp and circumstance), but you do want to mark a change, a passing of the torch from one President to another. After all, it's "democracy's big day," as George Bush 41 called it in his unpretentious way: the orderly and peaceful transfer of power that is the foundation of the republic. Yes, it's mostly symbolic, but symbols matter...

Author: /time Magazine | Title: Democracy's Big Day | 1/21/2009 | See Source »

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