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...billion they have already received. But both are missing two pieces they must have by March 31 to convince the government that they are viable: approval from bondholders to restructure their debt and approval from the United Auto Workers to restructure their health-care agreement. Complicating the problem, the bondholders and the UAW are keeping a close eye on each other to make sure that neither side gets a better deal...

Author: /time Magazine | Title: As Car Sales Collapse, GM and Chrysler Grow Desperate | 3/3/2009 | See Source »

...Solving this problem would seem, at first, to be simply a matter of funding. If the endowment cannot sustain a major capital expenditure, then find a donor like Harkness. When schools like the GSAS are cutting their admissions by 10 percent, the College has no right to demand more comfortable housing—however crucial it may be to intellectual development. So why not turn to Rich Uncle Pennybags, some...

Author: By Noah M. Silver | Title: A Modern Mr. Harkness | 3/3/2009 | See Source »

...After years of drift, the three-week war in January and a shift to harder line positions on both the Palestinian and Israeli sides, the prospect of bridging the gap between the two camps looks more remote than it has in eight years. Looking for a way into the problem, the U.S. and the international community are starting with delivering help to Gaza. On Monday, Clinton will attend an Arab-sponsored summit at the Red Sea resort of Sharm el-Sheikh that aims to organize and fund the reconstruction of the devastated Palestinian enclave. The enormous suffering of civilians during...

Author: /time Magazine | Title: For Obama, Helping Gaza Is Harder Than It Looks | 3/2/2009 | See Source »

...Administration says it is aware of the problem. "We need to ensure that the assistance is provided to the people in need via the Palestinian Authority, and not to fuel Hamas or [be] diverted by Hamas for political purposes," says one senior National Security Council (NSC) official. The State Department says it will work with longtime partners to make sure the money only goes to civilians...

Author: /time Magazine | Title: For Obama, Helping Gaza Is Harder Than It Looks | 3/2/2009 | See Source »

...Camp David summit in July 2000, some Palestinian and Israeli élites have begun to lose faith in the two-state solution. We see the rise of Hamas, which has a completely different agenda. If you don't have some kind of viable two-state solution, we have a problem on our hands...

Author: /time Magazine | Title: What the Middle East Needs from Hillary Clinton | 3/2/2009 | See Source »

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