Financial news on December 20, 2008

Business and Financial news
A Risk for Ford in Shunning Bailout, and Possibly a Reward

By eschewing any federal assistance, Ford runs the risk of falling behind G.M. and Chrysler. Read more..

By BILL VLASIC - The New York Times

At Manpower, Filling Gaps in the Work Force

Jeffrey A. Joerres, chief executive of Manpower, spoke about the global employment outlook for a wide range of industries. Read more..

By J. ALEX TARQUINIO - The New York Times

Canada to Release Details of Auto Aid

The Canadian and Ontario governments have already promised to provide support equivalent to about 20 percent of any American package. Read more..

By IAN AUSTEN - The New York Times

Foundation That Relied on Madoff Fund Closes

One of the nation’s leading philanthropies, the Picower Foundation, announced that it was shutting down. Read more..

By GERALDINE FABRIKANT - The New York Times

Harvard Endowment Managers Made $26.8 Million

The compensation for five of its top managers and its former chief executive was $26.8 million for the fiscal year ended June 30. Read more..

By GERALDINE FABRIKANT - The New York Times

How India Avoided a Crisis

In India, banks usually don’t lend money to people who lack the means to pay it back. Any lessons to be learned, class? Read more..

By JOE NOCERA - The New York Times

Madoff Scheme Kept Rippling Outward, Across Borders

Bernard L. Madoff’s fraud, the first worldwide Ponzi scheme, lasted longer, reached wider and cut deeper than anything like it in history. Read more..

By DIANA B. HENRIQUES - The New York Times

Madoff, Under House Arrest, Agrees to Security ‘to Prevent Harm or Flight’

Bernard L. Madoff will be placed under house arrest and will hire guards to watch his building, prosecutors said. Read more..

By ALEX BERENSON - The New York Times

Readers Weigh In With Tips on Jobs and Money

It is often surprising to see which ShortCuts columns stir up emotion and which seem to sink with barely a murmur. Read more..

By ALINA TUGEND - The New York Times

Treasury Has Spent $350 Billion of Bailout Fund

Treasury officials are expected to wait until next year when Congress returns to ask for the rest of the bailout money. Read more..

By EDMUND L. ANDREWS - The New York Times

See what else happened on December 20, 2008