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...trying to curry favor with Magna and that their countries would bear the brunt of any job losses. When the European Commission said last month that it would launch an inquiry into whether Germany had been in breach of E.U. competition rules, Berlin told Brussels that such state aid would be available to any investor - not just Magna. Theoretically, this means that GM can apply for some of the money to save its European businesses, although German politicians probably won't take too kindly to that...

Author: /time Magazine | Title: GM Keeps Opel, Announces Job Cuts, Angers Germans | 11/5/2009 | See Source »

...German government has asked GM to come up with a restructuring plan as quickly as possible. Government sources said only then would Berlin decide whether GM would be eligible for any of the $6.7 billion in state aid that Germany had offered to Magna. Union leaders want the government to stand firm and not send any German taxpayer money across the Atlantic. But the car giant is prepared to play hardball too, reminding German workers that the insolvency of its entire European operation is still an option. "Failure to reach the restructuring that is needed would result in the operation...

Author: /time Magazine | Title: GM Keeps Opel, Announces Job Cuts, Angers Germans | 11/5/2009 | See Source »

There are, however, three qualities that could make her a memorable Secretary of State. She brings a vision of departmental reform - the need to elevate foreign aid programs to the same status and rigorous scrutiny as diplomacy - that could change striped pants into chinos in the developing world. She is also the first elected politician to hold the office since Edmund Muskie briefly did during the Carter Administration, which has enabled her to better understand and interact with the politicians who run places like Afghanistan and Pakistan. But most important, she is an international celebrity with a much higher profile...

Author: /time Magazine | Title: The State of Hillary: A Mixed Record on the Job | 11/5/2009 | See Source »

...letter to Iran's Supreme Leader is a productive gesture only if it gets a response; if it doesn't, it seems weak and supplicatory. A call for the Israelis to freeze settlements is effective only if it is accompanied by the credible threat of a reduction in aid. "You can't be seen pushing countries around - demanding [that] Israel freeze settlements, demanding that Hamid Karzai reform his government - and not get results," says Leslie H. Gelb, author of Power Rules. "The leaders of these countries are tough, successful politicians, and they'll begin to take you less seriously...

Author: /time Magazine | Title: The State of Hillary: A Mixed Record on the Job | 11/5/2009 | See Source »

Clinton's value to the Administration was clear in Pakistan. She wowed a public so skeptical that it had been questioning the $7.5 billion in purely economic and humanitarian aid the Administration had promised. "How much damage control have you been able to do on this trip?" asked Meher Bokhari, a television-news-show host, at the end of Clinton's meeting with Pakistani women. The Secretary seemed nonplussed by the bluntness of the question. "I don't know," she said. "I hope some...

Author: /time Magazine | Title: The State of Hillary: A Mixed Record on the Job | 11/5/2009 | See Source »

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