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...participants in a survey of executives for industry suppliers said their companies would have to downsize if General Motors declared bankruptcy, while 12% said their businesses would likely close or would definitely do so. In the Midwest alone, some 275,000 jobs would be lost as a result of a GM bankruptcy. "If they go into bankruptcy, it's going to have a catastrophic effect on businesses across the board," says John W. Henke Jr., president of PPI, based in Birmingham, Mich. (See the Top 10 Bailout Measures...

Author: /time Magazine | Title: The Ripple Effect of a Potential GM Bankruptcy | 11/28/2008 | See Source »

...Some of the problems China now faces are a result of economic policies that are finally kicking in at an inopportune time. Concerned earlier this year about spiking inflation and a blistering yearly growth rate of 11% or more, China's economic czars set out to cool things down. They introduced tough labor laws designed to decelerate production of lower-value-added goods. It's in that sector that hundreds of thousands of workers are now losing jobs. The same holds true for the bubbling property market, where Chinese authorities conveyed to potential home buyers that they would be wise...

Author: /time Magazine | Title: A Nation Apart | 11/27/2008 | See Source »

...looking item to emerge during Yale’s halftime show: there was also the giant “missile” that tore down the “wall.” “When I initially heard about the suspension, I thought it was as a result of that giant, ugly, penis-like thing that tore down the wall,” said Duncan...

Author: By Paul C. Mathis, CONTRIBUTING WRITER | Title: Yale Band Punished for Half-Time Show | 11/26/2008 | See Source »

...doesn't end with closure of the facility. What would be next on your agenda if that happened? Making sure we don't warehouse most of the prisoners in some other facility in this country and forget about them. Give these men hearings and we all abide by the result or let them go home...

Author: /time Magazine | Title: Q&A: Defending the Detainees | 11/26/2008 | See Source »

...protect delicate sensibilities, the city made sure to disturb the cemetery as little as possible. Although the panels would produce more energy if they pointed directly south, that orientation would have required adding a structure to the graveyard, and so the city decided against it. Perhaps as a result, Santa Coloma's citizens posed little resistance to the project. Says Serret: "Even the priest of the city's biggest church is collaborating with us." Santiago Pérez likewise says he hasn't heard any complaints from his neighbors. "Why would anyone care if you're producing a little light...

Author: /time Magazine | Title: In Spain, a Solar-Powered Cemetery | 11/26/2008 | See Source »

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