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...fiercely independent CEO Wendelin Wiedeking started buying up VW stock in order to safeguard the luxury sports carmaker's future. His vision was to merge the two companies into a single holding that would create substantial economies of scale and enable Porsche to avoid being penalized under new European rules governing auto emissions and fuel consumption standards; by being part of the bigger VW group with its range of low-emission, fuel efficient cars, Porsche's sports cars wouldn't stand out, Wiedeking reasoned...

Author: /time Magazine | Title: Why VW and Porsche are On a Collision Course | 7/2/2009 | See Source »

...IRNA has accused prominent American and European media by name for "being at the service of instigators with their soft politics." Chastising the London Guardian newspaper for its reporting on Neda Agha Soltan - the 27-year-old woman whose death on video has made her an icon of Iran's protest movement - it says the paper failed to mention "evidence" by the Intelligence Ministry "which points to some foreign government's planning of this scenario." Ayatullah Ahmad Khatami, a conservative leader of Tehran's Friday Prayers, accused the protesters themselves of killing Neda: "Any intelligent person seeing the film gets...

Author: /time Magazine | Title: In Iran, Conspiracy Theories Flourish As Regime Tries to Regain Legitimacy | 7/2/2009 | See Source »

Europe used to be the good cop with Iran, engaging with the regime on tricky issues like its nuclear program while the bad cop, the U.S., rasped that Tehran was part of an "axis of evil." But the European Union's moderating stance has done it few favors in the wake of last month's disputed Iranian elections. On Wednesday, Iran's military chief of staff, Major General Hassan Firouz-Abadi, accused the E.U. of "interference in the postelection riots." He said that, as a result, the E.U. had "lost its qualification" to hold talks on Iran's controversial nuclear...

Author: /time Magazine | Title: How Should Europe Respond to Iran? | 7/2/2009 | See Source »

...Some think the E.U. has to show some teeth to maintain its credibility. "The E.U. needs to show that its position is associated with the U.S., with its implicit threat of coercive action," says Daniel Korski, senior policy fellow at the European Council on Foreign Relations. Noting that Iran's economy is struggling - oil is now below $68 a barrel and the recent turmoil will further deter foreign investment - Korski says the government has a long-term interest in repairing its relationship with the E.U. "Iran may rant and rage, but that doesn't mean the E.U. is being kicked...

Author: /time Magazine | Title: How Should Europe Respond to Iran? | 7/2/2009 | See Source »

Walid's story is hardly unusual, judging from a report on the Israeli military-justice system in the West Bank compiled by the Palestine office of the Geneva-based Defense for Children International, which works closely with the U.N. and European states. Human-rights groups in Israel and elsewhere have also condemned the punishment meted out to Palestinian children by Israeli military justice. Most onerous, says Sarit Michaeli of the Israeli human-rights group B'Tselem, is that inside the territories, the Israeli military deems any Palestinian who is 16 years and older as an adult, while inside Israel...

Author: /time Magazine | Title: Does Israel Mistreat Palestinian Child Prisoners? | 6/30/2009 | See Source »

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