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...summit in Brussels on March 1, German Chancellor Angela Merkel rejected the call for a mass bailout. Luxembourg Prime Minister Jean-Claude Juncker, who chairs meetings of the eurozone's finance ministers, dismissed the idea of relaxing the entry criteria to the euro. And French President Nicolas Sarkozy, who just a few weeks ago raised the specter of a return to protectionism when he suggested that French carmakers should close their factories in the East and move home, accused Eastern Europe of putting the entire E.U. at risk...

Author: /time Magazine | Title: Solidarity's End | 3/5/2009 | See Source »

...water, no sex.” If the storyline of “Absurdistan”—the fantastical new film from German director Veit Helmer—could be summarized in one simple phrase, that would be it. In a small and mysterious village, comprised of just 14 families, the only water pipeline breaks down. The men—relied upon by their wives to repair the damage but plagued by their obtuse laziness—fail to act, resulting in a chaotic and (in both senses) dirty struggle for power. Desperate for a solution, Aya (Czech...

Author: By Elsa A. Paparemborde, CRIMSON STAFF WRITER | Title: Absurdistan | 3/5/2009 | See Source »

...fare reflects Manila's cosmopolitan tastes. Authentic renditions of foreign staples include French crepes, German sausages, Malaysian laksa and Indonesian rendang, and people travel from across the metropolis to enjoy them. But they also visit to try Philippine flavors usually found locked inside the country's homes or tucked away in far-flung provinces. Look out for crispy-skinned lechon, or roast suckling pig, from Cebu (Filipinos make an art out of roasting whole animals on spits). Try the rich, fiery-hot Bicol Express from southern Luzon (a pork and vegetable dish with coconut and chili). And don't miss...

Author: /time Magazine | Title: A Taste of the World in Manila | 3/5/2009 | See Source »

...richest industrial clans. Last year she spearheaded her car-component company's dramatic 12 billion euro ($16 billion) takeover of a larger rival that left most of Germany breathless - but not quite with admiration. Such buyouts had more often been associated with predatory foreigners (e.g., Americans) than with fellow Germans. The audacious bid smacked of hubris to many Germans and angered labor unions, who warned that the Schaeffler Group was biting off more than it could chew. Indeed, it soon came under immense pressure as the global financial crisis slammed headlong into the German car industry and orders dried...

Author: /time Magazine | Title: German Company Seeking Bailout Is Tied to Auschwitz | 3/5/2009 | See Source »

...come charges that Schaeffler's kin profited from Hitler's gassing of Jews in Auschwitz. Jacek Lachendro, deputy director of the Auschwitz Museum's research department, told Spiegel TV, a German program associated with the weekly newsmagazine, that bales of human hair, which are still on exhibit in the Auschwitz Museum, were found at a factory in Kietrz, Poland, at the end of World War II. The hair, allegedly from victims gassed at the infamous concentration camp, was supposedly used to manufacture upholstery and carpets. The factory's name was Teppichfabrik G. Schoeffler AG. "Our historians say Schoeffler is Schaeffler...

Author: /time Magazine | Title: German Company Seeking Bailout Is Tied to Auschwitz | 3/5/2009 | See Source »

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