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...Japan starts to put money into some of its weaker auto companies and the US only gives The Big Three modest financing, Japanese car firms may actually be in a position to gain market share in America by being able to financially ?outlast? the domestic car companies. Any funds the Congress agrees to provide to GM and Chrysler need to take that into account...

Author: /time Magazine | Title: Nissan Falling Victim to Car Recession | 2/9/2009 | See Source »

...Before explaining the nuts and bolts of Strata's structure, it may be wise to put down your Blackberry, mute your CNBC program and turn down your iPod. This stuff is very tricky, perhaps far more so than any investment should be. That's part of the problem. (See the worst business deals...

Author: /time Magazine | Title: For Geithner's "Bad Bank": A Toxic Financial Mutant | 2/9/2009 | See Source »

...performed better. However, Strata sold insurance against high-yield corporate bonds, and those will be the first corporate debts to go bad if the economy gets worse. Indeed, one of the companies in Strata's bond pool, Hawaii Telcom Communications, recently filed for bankruptcy. In mid-January, Moody's put Strata on its list of bonds it was thinking about downgrading...

Author: /time Magazine | Title: For Geithner's "Bad Bank": A Toxic Financial Mutant | 2/9/2009 | See Source »

...fire early or stay in their homes and wait it out. John Brumby, the premier of the fire-hit Australian state of Victoria, told a local radio station on Monday that "people will want to review that ... There is no question that there were people who did everything right, put in place their fire plan, and it [didn't] matter - their house was just incinerated...

Author: /time Magazine | Title: Why Global Warming May Be Fueling Australia's Fires | 2/9/2009 | See Source »

...more "extreme" fire-danger days compared with 1990, and that by 2050, under the most severe warming scenarios, there could be a 300% increase in such days. "[The fires] are a sobering reminder of the need for this nation and the whole world to act and put at a priority the need to tackle climate change," Australian Green Party leader Bob Brown told the Sky News. (See pictures of Australia's wildfires...

Author: /time Magazine | Title: Why Global Warming May Be Fueling Australia's Fires | 2/9/2009 | See Source »

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