Friday, December 5, 2008

TIME Daily News 24/7

Today's Top Stories

States Financial Outlook: Getting Worse Fast

By BARBARA KIVIAT

State revenues shortfalls are outpacing spending cuts, producing big deficits

Big Three Bailout Hits Some Speed Bumps in Washington

By JAY NEWTON-SMALL / WASHINGTON

Congress is engaged in a giant game of chicken with the Big Three automakers and unless someone swerves soon, Detroit is going to end up as wreckage on the side of the road

Heeding No Authority, Israeli Settler Youth Rampage in Hebron

By TONY KARON AND AARON J. KLEIN / JERUSALEM

A militant new generation of West Bank settlers is unwilling to heed its elders or the Israeli state, and is willing to use violence against the state and Palestinian

Laugh and the World Laughs With You: How Happiness Spreads

By ALICE PARK

Your happiness increases your friend's happiness, as well as that of her friend, and even her friend's friend, a study finds.

Pension Funds Take Another Pounding

By STEVEN GRAY

November losses drive pension funds deeper into the red

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TIME Blogs

Swampland

By Michael Scherer

For a year now, California Sen. Dianne Feinstein has been on a crusade against torture. Now she is set to take over the Senate Intelligence Committee. So everything should be pretty open and shut, right?

Special Package

Detroit's Big Three CEOs

TIME examines the lives and times of the American auto industry's three biggest CEOs.

Quotes of the Day

"We do not want any more of his words, we don't believe them."
STÉPHANE DION,
leader of the Liberal Party of Canada, after Conservative Prime Minister Stephen Harper shut down parliament to forestall a no-confidence vote that he was sure to lose
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Postcard from...

Lima

Death in the Afternoon Draws a Crowd

By Lucien O. Chauvin

Attendance at bullfights in Peru's capital slumped in the '90s, but a resurgent economy has made the ring the place to be seen

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