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  • The federal government is stepping up its efforts to save the auto industry by committing $6 billion to stabilize GMAC, the financing arm of General Motors. Already, GMAC is offering new deals and looser credit standards for car loans, which should help GM dealers and their customers.
  • Yahoo is rejecting an unsolicited $44.6 billion offer from Microsoft. But it remains to be seen whether Yahoo shareholders will support a management decision to snub the software giant's bid.
  • Beasts of the Southern Wild came out of nowhere to win the Camera d'Or at Cannes and the Grand Jury Prize at Sundance. The fable-like film, starring 6-year-old Quvenzhane Wallis, takes place after a storm ravages Louisiana. (Recommended)
  • Illinois' pension gap is estimated at $83 billion — and it costs $12.6 million more every day the state does nothing to address the crisis. The state can't readily come up with the money, and while politicians say they want to help, they're unlikely to act during an election year.
  • Gov. Chris Christie wants to cut $500 million in Medicaid spending — in part by freezing more than 20,000 state residents out of the program. The state would do that basically by disqualifying any adult who makes more than $6,000 a year. Critics say the cuts would hurt those who can least afford it.
  • "This problem is worse than doping," French Secretary of State for Sports Thierry Braillard tells a newspaper.
  • The White House meeting took place four days afterelectors met to make Joe Biden the president-elect. A faction that pushed the former president to fight that outcome clashed with Trump's advisers.
  • A new arts district is taking shape in what was once a booming industrial center. Drab warehouses are canvases for street artists in Hialeah, an affordable alternative to Miami's Wynwood art scene.
  • Case in point: India, which reported 481,000 COVID-19 deaths in 2020 and 2021. The World Health Organization found 4.74 million deaths there either directly or indirectly attributable to the pandemic.
  • Donald Trump is the featured speaker at the America First Policy Institute, a nonprofit formed to promote the ideas that would have been on the agenda for a second Trump term.
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