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...would bankroll the Magna bid in May, pledging $2.1 billion as a bridge loan to keep Opel afloat, as well as $4 billion in future loan guarantees. The German government also made it clear it wouldn't stump cash for any other bidder. Some politicians accused Merkel of "blackmail" and warned that her government's support for Magna could backfire. Initially, GM had serious reservations about Magna's offer and seemed to favor a rival bid by the Belgian-based investor, RHJ International. One GM official said RHJ's offer was "simple and elegant." In particular, GM was uncomfortable with...

Author: /time Magazine | Title: GM Accepts Canadian-Russian Bid for Opel | 9/11/2009 | See Source »

...than the other way around. He's offered to buy Porsche's auto operations - but in a manner that provoked a furious response. Last weekend, the usually press-shy Wolfgang Porsche fired off an angry statement to the media accusing his cousin of issuing an ultimatum that he termed "blackmail." Piech shot back denying that it was an ultimatum. But a phrase in Porsche's statement points to the shock and bewilderment in the family camp about the deterioration of relations. "The 21st century is not the time for ultimatums," he wrote. "We wonder what the whole matter is really...

Author: /time Magazine | Title: Why VW and Porsche are On a Collision Course | 7/2/2009 | See Source »

...with an abortion. The Missouri Senate just passed a bill that would require doctors to talk about a fetus' development and its ability to feel pain. Opponents of "informed consent" laws that talk about fetal pain warn that doing so just causes the woman pain, and call it emotional blackmail. But there is no denying that the battleground has shifted. (Read "The Grass-Roots Abortion...

Author: /time Magazine | Title: Understanding America's Shift on Abortion | 5/18/2009 | See Source »

...agency had been charged with conducting hostile interrogations was during the Vietnam era, and most of those officers were long retired. The wisdom inside the CIA has always been that the best intelligence is obtained through persuasion rather than coercion. New CIA recruits have even been counseled against using blackmail because the information it produced couldn't be relied...

Author: /time Magazine | Title: Dumb Intelligence | 4/23/2009 | See Source »

...agency's officers in Vietnam who understood hostile interrogations were long retired. In the post-Cold War era spying had become a relatively genteel occupation - the best intelligence was obtained through persuasion rather than coercion. New CIA recruits were even counseled against using blackmail because the information it produced couldn't be relied upon. So it shouldn't come a surprise when we hear self-confessed 9/11 mastermind Khalid Sheikh Mohammed was waterboarded 183 times in one month. The CIA interrogator, who was once my colleague, knew nothing about the cumulative effect of the practice, or if there...

Author: /time Magazine | Title: The CIA's Willful Ignorance on Harsh Interrogations | 4/22/2009 | See Source »

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