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...European operations running. On top of that, the German government will give $4.3 billion (€3 billion) in loan guarantees. The Canadian firm would own 20% of the new group, Russia's biggest lender Sberbank would have a 35% stake, GM would keep a 35% stake in its European arm, and Opel workers would have 10%. (See pictures of the dangers of printing money in Germany...

Author: /time Magazine | Title: Merkel Saves Opel From GM's Fate | 6/1/2009 | See Source »

Katrina McCoy, a nurse in Cherry Hill, N.J., who is in the process of having a butterfly tattoo with her name above it removed from her arm, says she has even opted out of getting anesthesia during the painful laser sessions, because, "I feel like it is a punishment for doing something retarded." If Infinitink works as advertised, such prolonged penance may no longer be the price for a simple change of heart...

Author: /time Magazine | Title: Hate That Tattoo? Making Them Easier to Remove | 6/1/2009 | See Source »

...leader Harry Reid's burden. Franken, for example, was a vocal opponent of the bank-bailout plan and could try to move the planned reregulation of Wall Street to the left. Still, Senate Democrats will benefit from having one more friendly face in the chamber - and one less Republican arm to twist. "It's one more vote," Dick Durbin said with a beleaguered laugh when asked last week about the difference Franken might make. As the No. 2 Senate Democrat, Durbin is the man responsible for counting the votes. "We have this tough situation with Senator Byrd and Senator Kennedy...

Author: /time Magazine | Title: How Will Al Franken Make a Difference in the Senate? | 6/1/2009 | See Source »

...become apparent that the value of content was plummeting as more and more media were digitized. Time Warner's video, music and print, and especially its cable company, could have and should have rallied around AOL as the solution. AOL and Time Warner Cable's high-speed Internet arm, Roadrunner, could have and should have merged, making AOL, that once golden brand name, synonymous with a national broadband network. (See the worst business deals...

Author: /time Magazine | Title: Why AOL–Time Warner Wasn't Doomed to Failure | 5/28/2009 | See Source »

...Yale, Sotomayor never took her foot off the pedal. "She was something of a grind," says Stephen Carter, a classmate and friend who now teaches at Yale. "She was always in the library, always had a casebook under her arm." But unlike some of the hardest-charging young law students, says Carter, "she always had a manner that was open. She didn't put down other people." Even then, her approach to the law was meticulous and small bore, as in a piece she published in the law journal on a technical issue affecting potential Puerto Rican statehood. "She wasn...

Author: /time Magazine | Title: Sonia Sotomayor: A Justice Like No Other | 5/28/2009 | See Source »

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