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...Still, even the chancellor admitted the "new beginning wouldn't be easy." Under the deal, Magna and Sberbank will own 55% of the "New Opel", GM will keep 35% and the company's workers will take a 10% stake. GM's chief negotiator John Smith, who flew in from Detroit for a Berlin news conference, said Magna had come up with the best offer. "Magna has a great manufacturing culture and it enjoys the support of German labour unions, and the funding is there. It makes sense," said Smith. But he also warned of job-cuts. Magna's bid outlined...

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

Citing the economic recession’s impact on Harvard philanthropy, the University’s chief fundraiser Tamara E. Rogers ’74 described the results as “inevitably disappointing, but not surprising...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Fundraising Total Falls Eight Percent | 9/11/2009 | See Source »

...President's remarks regarding the coverage of illegal immigrants in the health care bill," the statement said. "While I disagree with the President's statement, my comments were inappropriate and regrettable. I extend sincere apologies to the president for this lack of civility." Wilson later called White House chief of staff Rahm Emanuel, who accepted the apology on behalf of the President...

Author: /time Magazine | Title: 'You Lie!': Representative Wilson's Outburst | 9/10/2009 | See Source »

Another goal of the speech, officials say, was to install a circuit breaker - not only to the mythology and false claims about the legislation but also to the wars that have been waged between the left and the right over actual provisions. Chief among them: the "public option," a government-run alternative like Medicare to cover the uninsured. "What's happened is that has become sort of a Rorschach test for the left and the right," the White House official said. "There are those on the left who believe this would be the nose under the tent for single-payer...

Author: /time Magazine | Title: Obama's Health-Care Challenge: Keeping the Focus on the Larger Goals | 9/10/2009 | See Source »

...everything from the quality of the education, to lack of student services, to dingy student accommodation, to not being paid the correct hourly rate," Unni says. Pawan Luthra, chief executive of the local Indian community newspaper, Indian Link, agrees. "If even 0.1% of the $15 billion or so earned by Australia from the sector had been invested in safeguards and [better conditions], this situation would not have occurred ... Coal and iron are commodities, but these are human beings, with feelings and emotions. They need to be protected...

Author: /time Magazine | Title: Australia: Attacks on Indian Students Raise Racism Cries | 9/10/2009 | See Source »

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