Monday, December 15, 2008

TIME Daily News 24/7

Today's Top Stories

Why the US Will Scale Down Its Goals in Afghanistan

By MARK THOMPSON / WASHINGTON

As the Taliban spreads across the country, Washington will find itself forced to accept an imperfect outcome to the war

Is Family Control Keeping Ford from Tapping Bailout Money?

By JOSEPH R. SZCZESNY / DETROIT

Observers around Detroit suggest the Ford family's continuing control of the company has surely influenced the decision to not seek federal assistance

Colleges Learn to Navigate the College Crunch

By KATHLEEN KINGSBURY AND LAURA FITZPATRICK

How higher education--and one liberal-arts school in particular--is grappling with the market meltdown

Can Prime Minister Abhisit Mend Thailand?

By HANNAH BEECH / BANGKOK

Thailand has elected its fifth leader in a year, but some wonder whether the youthful, Oxford-educated PM will be able to heal the rift between Thailand's urban elite and rural masses

Alternative Currencies Grow in Popularity

By JUDITH D. SCHWARTZ

Frequent-flier miles aren't the only alternative currency. Towns around the world are inventing their own

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TIME Blogs

Swampland

By KAREN TUMULTY

The we-have-one-President-at-a-time made what will probably be his final visit to Baghdad, and an Iraqi reporter threw a shoe at him.

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Top 10 Heisman Trophy Winners

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Quotes of the Day

"This is the biggest financial scandal, probably, in the history of the markets."
NICOLA HORLICK,
manager of Bramdean Alternatives, which had 9% of its funds invested with Wall Street trader Bernard Madoff, who is at the center of an alleged $50 billion fraud
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Postcard from...

Moscow

Gloom Time for Moscow's Millionaires

By John Wendle

At the annual Millionaire Fair, there are signs that Russia's richest are feeling the pinch

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