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...wasn't spared. Detroit wants $34 billion to shelter 3 million jobs and $300 billion worth of business. The first time the companies came calling, on Nov. 19 and 20, Congress blew a radiator. "Even though all Americans want this industry to succeed, I cannot support a plan to spend taxpayer money to bail them out" is the way Spencer Bachus, the ranking Republican on the Committee on Financial Services, got the House hearings going. The incoming Administration is not holding out much hope that Congress can find a solution in the coming weeks. Instead, it is looking at what...

Author: /time Magazine | Title: Is This Detroit's Last Winter? | 12/4/2008 | See Source »

Many members were particularly wary about how Chrysler, which is controlled by a private-equity fund and has made no secret that it's shopping for a merger partner, will spend the money. "It troubles me a little bit knowing that basically all we're really doing is providing a little capital for y'all to hang around long enough to get married," said Republican Bob Corker of Tennessee...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

Parents are the first line of defense. You have to be involved in your kids' media lives today, just like you go to their parent-teacher conferences, like you help them with your homework. The average kid spends almost 7 hours a day consuming some sort of media, so you have to be involved in setting clear limits and balanced amounts of time that kids can spend with different forms of media. That's as true for video games and cell phones as it is for TV and movies...

Author: /time Magazine | Title: Why Media Could Be Bad For Your Child's Health | 12/4/2008 | See Source »

...ironic that those emigrant Filipina mothers are in turn often bringing up a generation of motherless kids in rich countries - kids whose mothers return to work before their children are of school age; kids who spend long days with Filipina nannies as surrogate mothers. Few children - rich or poor, in whichever country - prefer gifts and toys to the presence of their mothers. In both cases, the mothers' drive to provide for their offspring financially seems to avoid the simplest of facts: parenting cannot be outsourced. Juliet Linley, Rome...

Author: /time Magazine | Title: Inbox | 12/4/2008 | See Source »

...data destruction.” Part of the government’s plan to meet growing security challenges must include increased cooperation between different agencies that collect intelligence, McConnell said. “It is large: we are 100,000 people. It is global: we spend in the neighborhood of $48 billion a year,” McConnell said of the intelligence community, which includes entities like the intelligence-gathering agencies of the military, the Central Intelligence Agency, and the Federal Bureau of Investigation. “That’s a very complex enterprise to operate?...

Author: By Emily J. Hogan, CONTRIBUTING WRITER | Title: Security Chief Talks Terror | 12/3/2008 | See Source »

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