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With the new General Motors Corp. expressing second thoughts about selling Opel to Canadian partsmaker Magna International Inc. - or anyone else, for that matter - a flip side to GM's indecision has emerged. Why would Magna want Opel when acquisition of the bankrupt European carmaker could jeopardize billions of dollars in business with existing customers - and possibly lead to its ruin...
Magna's two biggest competitors, U.S.-based Lear Corp. and Delphi, are teetering on the brink of collapse. Lear filed for Chapter 11 bankruptcy protection a month ago, citing the need to restructure $3.6 billion in debt. Meanwhile, Delphi, a former GM subsidiary based in Troy, Mich., and that automaker's biggest parts supplier, emerged from bankruptcy protection in June after unloading $6.2 billion in pension liabilities on the Pension Benefit Guaranty Corp. (PBGC), a U.S. government agency whose job is to protect private pension plans. (See the 50 worst cars of all time...
...xenophobic tendencies. Annoyed expats have described the character as "white, dorky" and speaking "mangled Japanese." The chair of the Foreign Residents and Naturalized Citizens' Association of Japan, Arudo Debito - a naturalized Japanese citizen born David Aldwinckle - has officially protested the Mr. James campaign with a letter to McDonald's Corp. headquarters in Illinois. Soon after the ads started to roll out, somebody set up an "I hate Mr. James" Facebook group, which now has 67 members. (See the top 10 tasteless commercials...
...region, they argue, cannot be achieved purely by military means; good governance and modern institutions are essential to prevent the resurgence of extremism and to allow American and NATO troops to someday head home. "Democracy and development have to be part of any exit strategy," says the Rand Corp.'s James Dobbins, who was President Bush's first envoy to Kabul. (Read "Afghanistan Exit Strategy: Buying Off the Taliban...
...study by the California-based Rand Corp., a leading policy think tank, joins that call. It notes that while Mexico has 370 police officers per 100,000 people, the U.S. has only 225 - but enjoys a far more effective and trustworthy police culture. "Security in Mexico: Implications for U.S. Policy Options" recommends that since Calderón's military crusade can only be a short-term drug-war strategy, the U.S. must "engage in a strategic partnership with Mexico that emphasizes reform and longer-term institution-building." One goal, aside from reining in police corruption, is to bridge the chaotic...