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Ford has asked the government for access to a line of credit of up to $9 billion in bridge financing, but reiterated that it hopes to complete its transformation without accessing these funds.

Author: /time Magazine | Title: The Reaction in Detroit: A Sigh of Relief | 12/19/2008 | See Source »

The Gist: Chances are you underestimate your capacity for cruelty. Stanley Milgram's famous obedience experiments in the 1960s and '70s demonstrated that we're conditioned to inflict pain on complete strangers when impelled to do so by an authority figure. Milgram's experiments - linchpins of any freshman psych class...

Author: /time Magazine | Title: Why We're OK With Hurting Strangers | 12/19/2008 | See Source »

When we meet him, Carl is living by the Alcoholics Anonymous mantra that "no" is a complete sentence. He gamely deflects every dinner invitation by inventing outlandish excuses about how busy he is. At the bank, he automatically rejects every loan application. He can rouse himself to passion only when...

Author: /time Magazine | Title: Yes Man and Seven Pounds: Santas for Hard Times | 12/18/2008 | See Source »

Utzon's Legacy In his milestone item on Jorn Utzon, architect Richard Meier wrote that "a disagreement with the Australian government" led Utzon to resign from the Sydney Opera House project before it was complete [Dec. 15]. The Australian government was not involved in the project. The government of the...

Author: /time Magazine | Title: Inbox | 12/18/2008 | See Source »

I read Ponnuru's essay with great interest. His party has been repudiated because the American people have finally come to the realization that, since Ronald Reagan, the Republicans have gone out of their way to take money away from the poor and give it to the rich through tax...

Author: /time Magazine | Title: Inbox | 12/17/2008 | See Source »

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