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Carlos Ghosn is the CEO of Nissan Motor Co. of Japan and Renault S.A of France, which have benefited from a six-year cross-ownership alliance. This week, Ghosn was in the U.S. for talks with struggling General Motors, to test GM's appetite for forming a three-way alliance. Ghosn is perhaps the automotive industry's most accomplished executive, having pulled both Nissan and Renault out of nose dives. On his way to Detroit, he stopped in New York City to talk with TIME's business editor Bill Saporito. Here are his views on the potential GM hookup...
...conflict suddenly returned following Wednesday's kidnapping of two Israeli solders in a cross-border raid by Hizballah, a militant Shiite Muslim faction. Accusing the Lebanese government of an act of war, the Israeli government launched a blockade against Lebanon Thursday morning. It started with an air blitz on Rafic Hariri International Airport, stranding hundreds of travelers before they could board scheduled flights. Earlier, Israeli artillery, gunboats and air strikes hit targets in southern Lebanon, including bridges, roads and a power station. Attacks continued at the rate of about one every 10 minutes, according to a Lebanese television channel...
...Israeli military forces launched strikes in Lebanon this week in response to the Hizballah cross-border attack in which at least eight soldiers were killed and two captured, the defense chief of staff warned that Israel could "turn Lebanon's clock back 20 years." A more precise estimate, perhaps, would...
...attack itself began around nine o'clock with Hizballah's traditional cross-border tactic - rockets and mortars launched from southern Lebanon began raining down on northern Israel. Then, in the ensuing chaos, a number of Hizballah foot soldiers crossed the border and ambushed a two-vehicle Israeli military patrol, killing three of the soldiers and dragging two others back into Lebanon. The attack was clearly planned in advance. The militants struck at a spot obscured from a nearby watchtower, and when a tank pursued them across the border soon after, explosives planted in the ground destroyed it. The four soldiers...
...forest-covered mountains of northern Galilee were burning today, after missile strikes from Hizballah hit several villages and kibbutzim along the border in what Israeli Northern Command officers said was a well-coordinated attack. Multiple Katyusha rocket attacks, as well as several cross-border incursions by Hizballah fighters, left at least seven Israeli soldiers killed, a tank destroyed, two soldiers injured and two infantrymen held captive by Hizballah...