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...Chrysler, announced at the White House Friday morning, amounts to a $13.4 billion handoff to the incoming Administration of President-elect Obama. The deal is rife with indistinct targets the automakers must meet to avoid being forced to repay the loan in three months, squishy conditions for union sacrifices and a deadline that can be changed under numerous circumstances. And of course the entire thing can be renegotiated at will by the incoming Administration...

Author: /time Magazine | Title: Bush's Rescue Plan for Detroit: Passing the Buck | 12/19/2008 | See Source »

...problem the incoming Obama administration will face is an uptick in union militancy. Blue-collar workers went into December fearing GM and Chrysler might collapse but left angry that Republican demands for wage concessions came at a time when bankers were using federal bailout money for bonuses. "I don't make $74 per hour," says Bryan Larkin, who is employed at GM's truck plant in Pontiac, Mich...

Author: /time Magazine | Title: The Reaction in Detroit: A Sigh of Relief | 12/19/2008 | See Source »

...Gettelfinger, the UAW's president, has also suggested the union is particularly opposed to putting any more pressure on retirees. "The big sticking point for retirees is that we already paid for our health care. Why should we have to pay again?" says GM retiree Greg Shotwell...

Author: /time Magazine | Title: The Reaction in Detroit: A Sigh of Relief | 12/19/2008 | See Source »

...focus of the fight, on a growing number of campuses, is the Reserve Officers Training Corpe (ROTC), which was kicked off most of the Ivy League campuses (or made an extracurricular activity) during the antiwar protests of the 1960s. The Yale Political Union concluded this fall that the university ought to bring ROTC back to campus, a move some students said would help the school live up to its motto: "For God, For Country, and For Yale." While many of the objections are based on the military's "don't ask, don't tell" policy on gays...

Author: /time Magazine | Title: Why the Ivy League Is Rethinking ROTC | 12/18/2008 | See Source »

...Guantánamo inmates who are not considered security risks, and Portuguese Foreign Minister Luís Amado wrote to his European counterparts urging them to join his country's effort to help the U.S. close down Guantánamo. "The time has come for the European Union to step forward," Amado said in his letter. "We should send a clear signal of our willingness to help the U.S. government in that regard, namely through the resettlement of detainees...

Author: /time Magazine | Title: Portugal's Offer to Help the US Close Guantánamo | 12/18/2008 | See Source »

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