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Though Ford is not receiving any of the $13.4 billion TARP funds, President and CEO Alan Mulally also expressed gratitude. Mulally also reiterated Ford's intent to stick to the plan it recently submitted to Congress, calling for the company to return to pre-tax profitability by 2011. That plan includes introducing more fuel-efficient vehicles - including a broader range of hybrid-electric vehicles. This week, Ford said it is doubling the output of hybrid vehicles in 2009. (See pictures of the remains of Detroit...

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

...Arian served as HMC’s endowment chief from February 2006 through December 2007, before stepping down to return to the California-based Pacific Investment Management Company, where he previously served as a managing director. He was replaced by Robert S. Kaplan, a management professor at Harvard Business School, who served as the interim head for the remainder of the fiscal year without paid compensation. Jane L. Mendillo, a veteran HMC employee of 15 years who left Harvard in 2002 to manage Wellesley College’s investments, returned in July to become HMC’s new chief...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Money Managers See Higher Compensation | 12/19/2008 | See Source »

...same time, notes Allan Silver, a Columbia sociology professor who supports the return of ROTC despite what he calls its "abhorrent" policy on gays, having future soldiers live side by side with students who sometimes criticize them would encourage critical thinking and thereby strengthen the military. "At ROTC programs in Virginia, there are no objections," he says. "Let [soldiers] feel at home in Stanford and the Bronx, and we'll have a better military and a better society...

Author: /time Magazine | Title: Why the Ivy League Is Rethinking ROTC | 12/18/2008 | See Source »

...Above all, says Silver, inviting the program to return would make a statement to the military that the campus has changed since the '60s. The message, as Silver puts it, is clear: "Enough with the culture...

Author: /time Magazine | Title: Why the Ivy League Is Rethinking ROTC | 12/18/2008 | See Source »

...Iraqi Prime Minister Nouri al-Maliki, it was an Eid bonus. With the hubbub over the Status of Forces Agreement having died down, the movement led by the radical cleric Muqtada al-Sadr had run out of things to denounce: Zeidi's "heroism" was just what they needed to return to the streets, bearing the usual banners of protest and U.S. flags to burn. The Sadrists also made political hay of Zeidi in parliament, bringing it to a standstill. The gadfly speaker, Mahmoud Mashadani - no mean headline-grabber himself - threatened to resign.(See the Top 10 Awkward Moments...

Author: /time Magazine | Title: Shoe Thrower Only a Temporary Distraction | 12/18/2008 | See Source »

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