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...first visit to the White House, President-elect Barack Obama asked President George W. Bush to support giving some aid to the tanking auto industry but was rebuffed. A month ago, the proposal might have received serious consideration, but the atmosphere inside the Administration has changed now that the most dangerous part of the crisis appears to have passed. "There wasn't much of a debate" among Bush's top economic advisers about using part of the bailout money to help automakers, says a senior Treasury Department official. Of the first $350 billion released by Congress last month under...

Author: /time Magazine | Title: Congress Returns — and So Do Economic Fissures | 11/17/2008 | See Source »

...rule, you don't eat fast food? The last time I did was like 2004, long before I did this work. If you go and sit in one of these restaurants for several hours or if you visit a lot of them, there's just kind of a real aura of misery and unhappiness - both in the place and the folks coming in and out. It's striking compared to other restaurants. I think that's what influenced me more than anything...

Author: /time Magazine | Title: Fast Food's Secret Ingredient: Corn | 11/14/2008 | See Source »

...soil where gambling is legal. Each day, crowds of hopeful punters cross into Macau from Zhuhai, in mainland China, and pack ferries sailing in from nearby Hong Kong. Over the past few months, Beijing has imposed stricter visa restrictions to cut down on the frequency that mainland Chinese can visit the former Portuguese colony. As a result, gaming revenues dropped by 10% in the third quarter compared to the previous quarter - the second consecutive quarter to post a decline. And as factories in southern China collapse and thousands of jobs are lost in the region, even fewer mainlanders will...

Author: /time Magazine | Title: Dark Days Ahead for Macau, Asia's Las Vegas? | 11/14/2008 | See Source »

...Yale and Princeton,” he says.Last April, several members of the Task Force took a field trip to Yale, touring the university’s artistic spaces and meeting with various deans, according to the Yale Daily News.Greenblatt, a Yale alum, was reportedly impressed with his visit. “Yale has for a long time had a very deep and serious engagement with the arts,” he told the Yale Daily News in April. “It is a model for how a university can take arts-making seriously.”Besides finding...

Author: By Alexander B. Cohn and Meredith S. Steuer, CRIMSON STAFF WRITERS | Title: Putting Art to the Task | 11/13/2008 | See Source »

...shaping up to be one of the most amicable transfers of power between the parties in recent years - thanks in no small part to the extraordinary efforts of the current occupant of the Oval Office. Planning for the handoff was under way well before the Obamas paid a visit to the Bushes at the White House on Nov. 10 for a tour of the place that they, their daughters and the new President's mother-in-law will soon be calling home. Since September, Podesta has been quietly working with current White House chief of staff Josh Bolten and Bolten...

Author: /time Magazine | Title: The Transition: What Change Will Look Like | 11/13/2008 | See Source »

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