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...Franz, the head of Opel's works council tells TIME. "Of course I'm also worried about my U.S. friends, but I'm happy the bridge financing plan for Opel has worked out and all GM's European assets have been guaranteed," he says. But despite the German relief, major sacrifices among GM Europe's 55,000 workforce are unavoidable in the coming months. (See pictures of General Motors Factory-scapes...

Author: /time Magazine | Title: Merkel Saves Opel From GM's Fate | 6/1/2009 | See Source »

...empty coffers in the U.S., was a lifeline few Germans had expected. In the past, Chancellor Angela Merkel's conservative CDU party has steered clear of state intervention in the economy. But as the global downturn took its toll on German firms and the financial crisis brought a few major banks to its knees, Merkel has embarked on a big U-turn. First, there was the bail-out of the property lender Hypo Real Estate, then the part-nationalization of Germany's second biggest bank, Commerzbank. And don't forget the two fiscal stimulus packages (amounting to $116 billion...

Author: /time Magazine | Title: Merkel Saves Opel From GM's Fate | 6/1/2009 | See Source »

...after the first day of competition, the Crimson found itself three points ahead of Princeton.“That moment for everyone pretty much solidified the fact that we [needed] to get moving because we could beat Princeton,” Meyer said. “There was a major mental shift at that moment.”Harvard defeated Yale, 251-102, but wasn’t able to pull out the win over Princeton, which passed the Crimson, 193-160.This defeat was followed by two more, with Harvard placing second at both the ECAC and Ivy League Championships. Navy...

Author: By Alexandra J. Mihalek, CRIMSON STAFF WRITER | Title: SEASON RECAP: Solid Season Doesn’t Live Up to High Expectations | 5/30/2009 | See Source »

...Northeastern [in the NCAA tournament].” Finishing with a 10-3-5 record, 5-1-1 in the Ancient Eight, the Harvard women’s soccer team ended the year on top. The focus now is on maintaining that position next year. “The major thing is how do you handle success?” Leone said. “Now we are the marked one, and it’s much easier to be the chaser. We are talented enough to do it, so I just need to remind our team, and they need...

Author: By Alex Sopko, CRIMSON STAFF WRITER | Title: TEAM OF THE YEAR: Dramatic Victory Seals Ivy League Championship | 5/30/2009 | See Source »

...kind of psychological and polygraph testing, for example, that police are subject to - and they have complained that school boards and teachers' unions have blocked legislative efforts to more effectively ferret out potential or actual abusers. But Mark Pudlow, spokesman for the Florida Teachers Association, the state's major teachers' union, insists the group is doing its part to attack the problem and raise teacher awareness. At the same time, he points out, unions have an obligation to help teachers who are themselves victims of bogus accusations, which is also a problem. "There needs to be an understanding," says Pudlow...

Author: /time Magazine | Title: Florida Epidemic: Teachers Sleeping with Students | 5/30/2009 | See Source »

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