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...blue for Chrysler, Cerberus' other problem child. Though the billions in TARP aid President Bush authorized for Chrysler and GM will buy Chrysler some time, there are difficult issues ahead. Unless labor costs can be brought down to parity with the foreign transplants, and without the restructuring of Chrysler's debt, the company cannot be restored to long-term health and the government loan will be unlikely to be fully repaid. (Read about GM's, Ford's and Chrysler's bailout plans...

Author: /time Magazine | Title: What Uncle Sam Gave Detroit For Christmas | 12/26/2008 | See Source »

...bottom line: Bush's projections of future defense spending "substantially understate" just how much money it will take to run Obama's Pentagon, the CSBA says in its report. Luckily, Defense Secretary Robert Gates plans to hang around to try to iron out the problem...

Author: /time Magazine | Title: The $1 Trillion Bill for Bush's War on Terror | 12/26/2008 | See Source »

...election bid, from office. Well before the Blagojevich case broke, her office opened probes into hiring practices in the governor's office - an investigation she reportedly turned over to the feds in 2006 at Fitzgerald's request. Madigan also earned a regional reputation for attacking the local meth problem by coordinating with other states to help blunt the siege of the drug and impose tough penalties on people buying ingredients to produce it, and a national profile for going after such mortgage giants as Countrywide Financial for defrauding customers with questionable loans. She has been much more willing than...

Author: /time Magazine | Title: An Illinois Dynasty Versus Blagojevich | 12/26/2008 | See Source »

...Then there is the problem of rampant corruption, which has allowed top officials to earn fortunes. Transparency International's latest corruption index places Guinea 173 out of 180 countries. Guineans have to bribe officials in order to receive water, electricity, and basic health care, the group said. With policing and the court system in a shambles, Guinea has also become a major hub for Latin American cocaine traffickers, who increasingly use West Africa as the conduit to the lucrative cocaine market in nearby Europe. When TIME visited neighboring Guinea Bissau in 2007, several Colombian cocaine traffickers were operating there...

Author: /time Magazine | Title: Why Guinea's People Welcomed the Coup | 12/26/2008 | See Source »

...Although the landmark repatriation was immediately trumpeted as a victory for Britain's new law, human-rights activists - and even the British government - have been quick to point out that her case is just one in a grossly underreported global problem. According to the Universal Declaration of Human Rights, a marriage is considered forced if there is any duress, whether physical or mental, to marry. Most countries do not have a specific ban on forced marriages and instead prosecute the practice under laws forbidding kidnapping or sexual, physical or mental abuse. "Forced marriage affects men and women from all over...

Author: /time Magazine | Title: The Best Way to Curb Forced Marriages | 12/26/2008 | See Source »

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