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...billion. In return, the Germans wanted GM to agree to sell a 55% stake in Opel to the Magna-Sberbank consortium. At first GM seemed to be playing ball. It spun off Opel into a trust to protect the Rüsselsheim-based manufacturer from GM's Chapter 11 proceedings in the U.S. (Read "Ron Bloom Monitors GM - and Eyes the Exit...

Author: /time Magazine | Title: GM and Germany Still Wrangling Over Opel | 8/27/2009 | See Source »

Investors may be jittery, having watched a number of mortgage REITs, such as New Century Financial Corp. and American Home Mortgage Investment Corp., file for Chapter 11 bankruptcy protection over the past couple of years, and others, such as Arbor Realty Trust and Gramercy Capital, struggling to stay afloat. Even Starwood's newest offering could stir concerns if investors check out the sour performance of one of Sternlicht's previous specialty finance companies, iStar Financial...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

...that chapter was the one about time. I wrote another book awhile ago about infinity, and they both have the same sort of effect. When you start thinking about what time is, you can get in a bit of state where you think, "Hey, I'm losing it here," - because you cannot think outside of time. Time is part of how we experience the universe. Trying to think of before there was time, well, you're already in trouble because you're thinking "before," which is a way of measuring time. It's very easy to get yourself into...

Author: /time Magazine | Title: What Came Before the Big Bang? | 8/13/2009 | See Source »

...moniker for bomber squadrons in World Wars I and II, as well as the title of a 1930 Howard Hughes film about the Royal Flying Corps (the phrase lost its apostrophe over time). For years, the HAMC, as members refer to the group, remained a California organization; the first chapter to open outside the state started in Auckland, New Zealand, in 1961. Eventually the club grew to most states and 30 or more countries, fueled by the alluring imagery of devil-may-care outlaws making their own rules. Pop culture helped buttress that iconic image, especially the 1954 Marlon Brando...

Author: /time Magazine | Title: The Hells Angels | 8/3/2009 | See Source »

...convinced the Mafia did not act alone. "My brother knew about the negotiations between the Mafia and the state, and this is why he was killed," Borsellino says. "There were government authorities who worked to prepare and carry out [the assassination]." The final history of this brutal chapter in Italy's past is in the hands of neither Borsellino's surviving relatives nor his convicted killers, of course, but his successors among the corps of Sicilian prosecutors...

Author: /time Magazine | Title: A Mafia Boss Breaks Silence on an Assassination | 8/3/2009 | See Source »

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