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...mission. In the deal being cobbled, GM's stockholders will be wiped out, replaced as equity owners by the Treasury Department, with 70%, and the United Auto Workers (UAW), with 17.5%. GM's business in Europe, Opel, will be sold. As many as 14 U.S. factories are marked to close. The iconic Pontiac brand is probably finished. Under a new labor agreement with the UAW, GM's hourly domestic workforce, which numbered 600,000 at its peak, will drop to 40,000. In other words, 14 of every 15 GM jobs have vanished in roughly a generation. And the ripples...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...Europe for weeks, meeting on both sides of the Atlantic with key politicians, unions and investors. Fiat recently acquired Chrysler and now wants to merge GM's European business into the Fiat-Chrysler group to create one of the biggest carmakers in the world. His plans to close plants in Germany and Italy have been roundly condemned by powerful German governors and the IG Metall trade union. A Chinese carmaker, Beijing Automotive Industry Corp., is expected to detail its own plan for Opel next week. (See the 50 worst cars of all time...

Author: /time Magazine | Title: Rescuing GM in Europe: A Political Hot Potato | 5/28/2009 | See Source »

...attention needs to be paid to the long-term health risks of maternal obesity for both mother and child, and that these concerns are far more important than any gestational weight-gain chart. Artal runs a clinic specializing in obese and overweight pregnancies and has found that, under the close guidance of dietitians and physicians, about half of his oversize patients put on little to no weight and deliver healthy, normal-weight babies. "Obesity leads to lifelong problems that this committee still fails to recognize the full importance of," he says. "They remain much more concerned about not-sufficient weight...

Author: /time Magazine | Title: Tough Weight Guidelines for Obese Mothers-to-Be | 5/28/2009 | See Source »

...wake of the recent downturn, Forst’s job description expanded to include working with top administrators struggling to close budgetary gaps and slash expenses at the schools, in addition to meeting with Faust on an almost-daily basis. During interviews in the past few months, many administrators called his contributions “critical” to the budget-cutting process...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Executive VP To Step Down After Less Than a Year | 5/27/2009 | See Source »

...still inflames passions. News footage shot outside a Beijing train station showed hundreds of petitioners - people who regularly come to the capital to ask the central government to right injustices they face at home - protesting on the street. One group held up a sign that read, "Welcome Pelosi. Pay close attention to human rights...

Author: /time Magazine | Title: Pelosi Avoids Human Rights on China Visit | 5/27/2009 | See Source »

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