Thursday, April 2, 2009

TIME Daily News 24/7

Today's Top Stories

The G-20's Hidden Issue: A Global Trade Imbalance

By MICHAEL SCHERER / LONDON

A British reporter asked Obama about the proper size of government stimulus spending, and the U.S. President decided to talk about the perilous balance of global trade.

Can Washington Retool Detroit — Before It's Too Late?

By BILL SAPORITO

The President's auto task force is imposing a brutal overhaul of U.S. automakers that may include bankruptcy for GM. But the payoff could be huge when car sales rebound. And they will

Washington Looks to AIG's Greenberg For Help

By MICHAEL WEISSKOPF / WASHINGTON

The former head of AIG now wants to help the government rebuild the company

Why Legalizing Marijuana Makes Sense

By JOE KLEIN

Legalizing marijuana may be politically risky. But the economic benefits are becoming difficult to ignore

Lostwatch: Whatever Happened, Happened

By JAMES PONIEWOZIK

SPOILER ALERT: Before you read this post, grab yourself a milk— no, make that a juice box — and watch last night's episode of Lost.

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Swampland

By Karen Tumulty

A poignant moment, as a former Speaker returns to the House Chamber.

Special Package

Can Bankruptcy Work? Three Recent Examples

Will bankruptcy help save GM or Chrysler? A look at three major bankruptcies — Continental Airlines, Kmart and Fruit of the Loom — shows that outcomes can vary widely

Quotes of the Day

"The crisis didn't actually spontaneously erupt in Europe, did it?"
NICOLAS SARKOZY,
president of France, blaming the United States for Europe's economic woes during a speech at the G-20 Summit in London
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Postcard from...

Arunachal

White-Water Rafting Among Headhunters

By Tim McGirk

Well, O.K., the Nishi no longer seek human heads, but their fearsome reputation, combined with the vipers, tarantulas and leopards, makes a trip down the Kameng River reminiscent of Apocalypse Now

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