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...That figure will likely be ratcheted down given that the Detroit Three are now expecting a possible loan from the TARP funds, but critics warn even if Ottawa steps up with billions of dollars in aid, it won't be able to secure any job guarantees. "The real action is between Detroit and Washington," says Joe D'Cruz, a specialist in business strategy at University of Toronto's Rotman School of Management. He's concerned that Washington could make the transfer of jobs from Canada - which accounts for about 15% of Detroit Three production in North American...

Author: /time Magazine | Title: Canada Faces Recession — and a Political Crisis Too | 12/15/2008 | See Source »

...before, there being no other explanation for his perfect Oxonian accent, and a robot named Gort, who was played by a giant whose day job was doorman at Grauman's Chinese theater. The visitors represented an alliance of outer space planets and they were on a mission: to warn us earthlings to mend our warlike ways. Klaatu wanted to convene a conference of intellectuals and statesmen and to demonstrate the superior powers of the aliens by bringing all the Earth's mechanized powers to a halt for a few minutes. If that warning didn't take, he mentioned the possibility...

Author: /time Magazine | Title: The Day the Earth Stood Still: Alienating | 12/12/2008 | See Source »

...poorest countries in the world, with 40% of its population living on less than $1 a day, and its government must act effectively to deal with inflation and soaring food costs that are making life miserable for the rural poor and urban working classes. Now, experts warn, is not the time to be settling personal vendettas or consolidating power. "Bangladeshis, including me, hope that the [two begums] think with a larger vision, and strengthen institutions," says Riaz. "Then both should have a graceful exit from politics...

Author: /time Magazine | Title: Bangladesh: Ready to Vote Again | 12/12/2008 | See Source »

Since 1997, when six people in Hong Kong died of avian influenza - the first confirmed human victims of the deadly virus - this southern Chinese city has been the front line in the fight against a potential global pandemic that scientists warn could ultimately kill millions. Unfortunately, the bird flu virus has proven a canny, and adaptable, enemy...

Author: /time Magazine | Title: Is Hong Kong's Bird Flu Vaccine Failing? | 12/10/2008 | See Source »

...come January President-elect Barack Obama will have to find or print fresh resources to help keep the ailing companies on the road. In other words, the $15 billion bridge fund Congress is expected to approve in the coming days is only the first installment of what some economists warn could cost up to $200 billion when all is said and done. (Read TIME's biographies of the Big Three CEOs...

Author: /time Magazine | Title: Can Congress Pass an Auto Bailout Bill Nobody Likes? | 12/9/2008 | See Source »

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