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Take international affairs. During the first year of his presidency, Sarkozy's frosty relationship with German Chancellor Angela Merkel led him to downgrade the Franco-German relationship that has traditionally been central to French policy in Europe and instead cultivate closer ties with the U.K. But in April, ahead of the G-20 summit in London, the French leader rushed back to Merkel on the issue of tougher international regulation of financial markets, and has since encouraged a tighter relationship with Berlin. Last week, Sarkozy even started a public fight with British Chancellor Alistair Darling by bragging that the appointment...
Surprisingly, I agreed with them. Indeed, Oren, who defends the bombing of schools, universities, and factories and the illegal use of white phosphorous among countless other crimes, has a challenge ahead of him. Defending the destruction of Palestinian life as a necessary form of security strategy can’t be easy, especially since collective punishment is outlawed by international...
When will Woods play again? If he's true to his word and is indeed taking this indefinite leave to save his family, he might not tee up for a very long time. He clearly has a lot of work ahead of him. Tiger's absence is a horrendous development for golf. In a down economy, the sport is already hurting for sponsors. Without Woods, they won't come rushing through the ropes. But Tiger's decision is not the death knell many might suspect. Yes, golf ratings often get sliced in half when Woods doesn't play...
...David Cole, head of the Center for Automotive Research in Ann Arbor, Mich., notes that despite the bankruptcy, GM still holds the top spot in the U.S. car market, with 20% of the market, down from more than 40% in the late 1970s and just ahead of Toyota and Ford. In addition, the new labor contracts with the United Auto Workers have helped GM trim costs by $5,000 per vehicle with changes in health care benefits and work rules. The work rules have been whittled down, giving GM's managers more flexibility and control than they...
...plans to start paying back its government loans this month. Repaying the direct government loans well ahead of the 2015 date contemplated by the Treasury Department when it helped GM reorganize during the bankruptcy is the first step toward an initial public offering of stock in the new GM. While GM received more than $50 billion in federal aid, only about $6.2 billion will be repaid in cash; the U.S. Treasury agreed to take stock in lieu of cash for much of the remainder, which gave the government a 60.8% stake in the new GM. Earlier this week, Treasury Secretary...