Word: maker
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...talks with Opel owners General Motors back on track, Merkel is reportedly ready to abandon her previous plan to force GM to sell a controlling stake in its European business to a consortium of Canadian-Austrian car-parts maker Magna International and Russia's Sberbank. According to the German tabloid Bild, the German government has told GM's chief negotiator, John Smith, that Berlin will consider GM's preferred investor, the Belgian industrial group RHJI, as long as it teams up with a partner from the automotive industry. (See TIME's photo-essay "GM's Eight Great Hopes...
...What John F. Kennedy was: cool under pressure, a shrewd decision maker, an inspiring speaker, a man who could learn from his mistakes. What he wasn't: a devoted husband, a vigorous athlete, a martyred saint, a budding King Arthur. With his sudden, shocking death, however, these truths were transmuted, through understandable grief, into the gauzy unreality of Camelot...
...makers of the Trabi aren't the only German car manufacturers turned on by the dream of electric cars. Volkswagen says it will launch an electric car by 2013, while Daimler, the maker of powerful gas-guzzling Mercedes-Benz limousines, has teamed up with power utility RWE for a series of electric-car tests in Berlin...
...remaining employees against one another. One of the new overlords, financial officer Lane Pryce (Jared Harris), holds the newly tightened purse strings with a chilly distance from the staff and from the American illusion-weaving that the ad business is built on. Discussing client London Fog (the raincoat maker), he dryly notes, "There is no London fog. Never was. It was the coal dust from the industrial era. Charles Dickens and whatnot...
...been tricky subprime and Alt-A loans tripping up the folks in Idaho; it's been the flailing economy. At 10.1%, Boise's unemployment rate is above the national average and nearly twice what it was this time last year. As big employers such as HP and semiconductor maker Micron lay off thousands of workers, job losses cascade through other industries and small businesses. If people can't make their mortgage payments, foreclosure follows. Perverse as it sounds, that is the housing market working as it should. (See pictures of Americans in their homes...