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...bailout last month, the Bush Administration has been urging that it come out of a $25 billion loan package Congress approved in September that the automakers were supposed to use to retool their assembly lines to build more fuel-efficient vehicles. Democratic Congressional leaders have wanted the cash to come instead from the $700 billion financial rescue pot they gave Treasury Secretary Hank Paulson in October - which is why the auto executives found themselves in the strange position of pleading their case before the House and Senate banking committees...

Author: /time Magazine | Title: Automakers Win Hearts in D.C., But No Cash (Yet) | 12/6/2008 | See Source »

...from Harvard Law School’s Hauser Hall last weekend, according to the Harvard University Police Department’s public logs. Officers dispatched to the scene spoke to an unidentified member of the Law School staff who reported that two lockboxes containing keys and small amounts of cash were taken off the wall. The thief also reportedly stole three Lenovo laptops, each valued at $2000 or more. The police log states that officers conducted a field interview of an individual involved. HUPD arrested the individual in the course of its investigation, but not specifically for the theft. HUPD...

Author: By Alexander R. Konrad, CRIMSON STAFF WRITER | Title: Laptops and Lockboxes Stolen from HLS Building Over the Weekend | 12/5/2008 | See Source »

...Additional steps are expected. But Toyota's options are dwindling, says Yoshida. The company in October tried to stimulate U.S. sales by offering 0% financing, a tactic Detroit can no longer afford. But frightened, cash-strapped consumers didn't bite. Japanese car companies are also shifting their focus to India and China, but even though those markets are still growing, they remain relatively small, and their contribution to profits isn't significant enough to offset the decline in North America. Says Yoshida: "The water that has spilled out of the bucket cannot be caught by a small single glass...

Author: /time Magazine | Title: Why Detroit's Woes Are Bad for Toyota | 12/5/2008 | See Source »

...enshrined in the next global climate-change deal, set to be negotiated by the end of 2009, there is likely to be a sudden spike in demand for avoided deforestation projects, as developed countries angle to meet new carbon caps and tropical nations start to turn their forests into cash. But doing a REDD project right isn't easy, points out Zoe Kant, TNC's carbon markets manager and the brains behind the Noel Kempff project: experts are few, locales are remote and most countries lack the technical capacity to run schemes on their own. Some places will be tempted...

Author: /time Magazine | Title: Green Banks: Paying Countries to Keep their Trees | 12/4/2008 | See Source »

...Baghdad's Shi'ites and Sunnis can, with some help from U.S. arms and cash, come to terms, can Kirkuk's three ethnic communities find political accommodation without American assistance? U.S. officials believe it's possible. But there is no clear answer to the question, Who really has the right to decide the city's future? The last official census was in 1957, when the Turkomans had a slight edge over the Kurds, 40% to 35%. In the 1970s, Saddam Hussein sought to reorder the city's demographics by driving out some Kurds and Turkomans and busing up thousands...

Author: /time Magazine | Title: When the U.S. Leaves, Will Iraq Strut or Stumble? | 12/4/2008 | See Source »

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