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...Economy.com. Given declining vehicle sales and market share and the amount of profit they make per car - about $4,000 less than Toyota, for example - Zandi said he expects the Big Three would survive only until fall 2009 before they would be forced to return to Washington to beg for more money. "I'm skeptical, doubtful that it's going to end in $34 billion," he said. "I estimate it'll be more like $75 billion to $125 billion...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

...site will contact mailers on your behalf. More than a million people have signed up since the free service was launched last year, and it has no doubt lightened many a mailbox. But the site isn't perfect. For starters, some companies simply ignore its entreaties. Others beg you to let them send at least one catalog a year...

Author: /time Magazine | Title: De-Cluttering Your Mailbox | 12/4/2008 | See Source »

...guns learned from their example, and siphoned their massive cuts, through bonuses and other forms of compensation, out of firms that turned out to be poorly-managed, colossal houses of cards, ready to collapse at any moment. Doesn’t the latter class of actions beg for convictions and new sentences as much as the former? Why shouldn’t criminal negligence extend to white-collar board members...

Author: By Alexander R. Konrad | Title: Real Execution | 12/4/2008 | See Source »

When the heads of the Detroit Three auto companies return to Washington this week to testify before Congress about their restructuring plans, they won't be traveling on their corporate jets. Not after the story broke on Nov. 19 that they had flown their "luxurious" aircraft to Washington to beg for $25 billion in loans to keep their companies afloat. Official Washington was outraged at the extravagance. Columnists and comics were ever so grateful for the gift. "I mean, couldn't you all have downgraded to first class or jet-pooled or something to get here?'' whined Representative Gary Ackerman...

Author: /time Magazine | Title: Why the Big Three Should Fly Corporate Jets | 12/3/2008 | See Source »

...Giving the automakers a second pass at convincing Congress does nothing to resolve this ideological disagreement. What it does do is give them a chance to repair their beaten-down image. In what became an infamous public-relations disaster, the executives flew in on private jets last month to beg for money. Then, in two hearings before the banking committees, the three appeared to blame everyone but themselves for their current predicaments. Two of the three refused to give up their salaries, and a few Congress members openly called for all three CEOs to resign...

Author: /time Magazine | Title: The Auto Bailout May Wind Up on Obama's Plate | 12/3/2008 | See Source »

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