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...Buffett bought 10% of the company for $230 million, a stake that is now worth at least four times as much. "BYD is obviously way ahead of everyone," says Jack Perkowski, a Beijing-based businessman who has worked as an executive in the Chinese auto industry. "It has a core competency in the fundamental technology you need for electrics...

Author: /time Magazine | Title: Electric Cars: China's Power Play | 8/31/2009 | See Source »

...regularly arbitrated between big business and unions, may have helped those three groups, but it has too often ignored wider French society. The system has made reform nearly impossible and is now "sclerotic," according to Julien Bayou, 29, one of the half-dozen or so people at the core of France's new protest movement. "Thirteen percent of people in France live in poverty, youth unemployment is above 25%, and the number of people who can't keep up with the price of rent and food continues to rise. We're caught in the middle of all that...

Author: /time Magazine | Title: France's New Strike Force | 8/31/2009 | See Source »

...gang the center of debate? Contrary to conventional wisdom, there’s more agreement about health-care reform in Washington than disagreement. Four congressional committees have already agreed on core tenets: community ratings, expansion of Medicaid coverage, a health-care exchange, subsidies for low-income citizens, incentive for employers, and an end to underwriting on pre-existing conditions. Generally, more divisions have been bridged than broadened...

Author: By Raúl A. Carrillo | Title: It’s High Noon in America | 8/31/2009 | See Source »

...clinical law professor who oversees CEP, said that his unit’s clientele would now expand beyond low-income clients, and that CEP will be renamed the Transactional Law Clinics to reflect the broader mandate. McArdle said that moving CEP did not detract from LSC’s core mission of poverty law. “Obviously economic development is important to the community, but it’s a different mission than, say, helping someone stay in their home,” McArdle said.Dealy, the assistant dean, said that the decision to move the four clinics was also...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: HLS Clinics Face Cuts | 8/30/2009 | See Source »

...Ruesselsheim-based Opel and its European subsidiaries, which employ 50,000 workers, most of them in Germany. "A third of the parts companies out there are in trouble right now," says Toronto analyst Dennis DesRosiers of DesRosiers Automotive Consultants. "This is an unprecedented opportunity for Magna to build its core business...

Author: /time Magazine | Title: GM's Sale of Opel: Second Thoughts for Magna? | 8/28/2009 | See Source »

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