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...trusts. Once the retiree-health-care liabilities are removed from company balance sheets, the gap in labor costs between Detroit and its nonunion competitors in the South should drop to $250 per vehicle or even less, according to one estimate by the Center for Automotive Research. (Read "Don't Call It Bankruptcy...

Author: /time Magazine | Title: Should Taxpayers Bail Out GM's Retirees? | 11/27/2008 | See Source »

...shanty-lined street, TIME is hailed by a man bearing an assault rifle and surrounded by a group of drunken friends. He claims he is part of the Health Minister's police bodyguard and says the weapon is kept close at hand in case of an urgent call for help...

Author: /time Magazine | Title: Missing the Beat | 11/27/2008 | See Source »

...PNTL police posts within the Comoro district of the city's west, poorly equipped officers paid $125 a month live in tents without mosquito nets or proper toilets. At one post the single radio shared by eight men is broken, forcing them to call in reports on their personal mobile phones. At another post, responsible for a 4-sq.-km district, officers have no patrol vehicles and sprint to jobs on foot. "The U.N. is providing everything," says one UNPOL officer. "Even the toilet paper...

Author: /time Magazine | Title: Missing the Beat | 11/27/2008 | See Source »

...Wednesday, in a televised press conference Army Commander in Chief General Anupong Paochinda recommended that Somchai resign and call a new election, and that the PAD end all its protests. Since Thailand abolished absolute monarchy in 1932, the army has launched 18 coups?and the words of generals tend to carry weight. But both the PAD and Somchai have rejected the army chief's call. In a televised speech late Wednesday night, Somchai said, "it is not important if I am Prime Minister. But it is important that I protect democracy." Meanwhile, the PAD has refused a court order...

Author: /time Magazine | Title: Thai Protestors Close Second Airport In Standoff | 11/27/2008 | See Source »

...yellow-clad demonstrators call themselves the People's Alliance for Democracy (PAD). But they represent neither the majority of Thai people nor universal democratic values. Their mission is to erase from government any influence of billionaire populist Thaksin Shinawatra, who was deposed as Prime Minister in a 2006 army coup. Although the telecom tycoon is beloved by many poor Thais who once gave him a record electoral mandate, the urban middle class, which forms the bedrock of the PAD, accuses Thaksin of being a power-hungry strongman. In October, the former P.M. was sentenced in absentia to two years' imprisonment...

Author: /time Magazine | Title: Thailand's Political Crisis Becomes a Global One | 11/26/2008 | See Source »

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