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...even greater flexibility was easier in Leipzig. In part, that's because other German automakers, particularly Volkswagen, were threatening to move some of their production outside Germany altogether because of high costs. In the end, the union agreed to extend working hours without extra pay. That has been a boon to the whole industry--and the German economy. Reithofer acknowledges that the wage restraint "has been a fundamental contribution to making Germany competitive again...

Author: /time Magazine | Title: BMW Drives Germany | 7/5/2007 | See Source »

...Securing the release of Johnston is a timely boon for Hamas' leaders who, despite their election victory, are boycotted by the West for refusing to renounce violence against Israel. Britain, which along with the U.S. has steadfastly refused to deal with Hamas, found itself negotiating directly with Haniyeh. Sacked by Abbas after the Gaza clashes, Haniyeh continues to run a Hamas phantom government in Gaza. In contrast to Abbas, whose own authority in the West Bank is shaky, Hamas can now rightly say that it is fully in control of Gaza. Freeing Johnston will help Hamas achieve a measure...

Author: /time Magazine | Title: Why Hamas Freed a BBC Reporter | 7/4/2007 | See Source »

...private-equity partnerships and against traditional corporations. It's a bias that Stephen Schwarzman has taken great advantage of over the past 15 years. Now he may just have helped end it. THE BIG TAX GAP The growing disparity between capital gains and income tax rates has been a boon to private equity [This article contains a chart. Please see hardcopy of magazine...

Author: /time Magazine | Title: Blackstone: Too Rich for Congress | 6/28/2007 | See Source »

...would take a lifetime to make the amount of money these players earn in just one week. It is truly astonishing. I wonder whether they deserve such large sums. Wouldn't the money be better spent combatting poverty, global warming, aids? The list goes on and on. Lee Boon Siew, Kuala Lumpur...

Author: /time Magazine | Title: Inbox | 6/7/2007 | See Source »

...would take a lifetime to make the amount of money these players earn in just one week. It is truly astonishing. I wonder whether they deserve such large sums. Wouldn't the money be better spent combatting poverty, global warming, AIDS? The list goes on and on. Lee Boon Siew, KUALA LUMPUR...

Author: /time Magazine | Title: Will Gore Get on the Trail? | 6/6/2007 | See Source »

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