Word: month
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...cost-cutting plans have terrified Opel's 26,000 workers in Germany. Over the past month, rumors of mass layoffs and plant closures have been swirling in the German media. Union leaders are clamoring for a quick decision on the bailout. But Chancellor Angela Merkel's government wants guarantees that any cash that it doles out will not flow back to GM's embattled operations in the U.S., or go down the drain if GM goes bust. (Read a TIME story on Germany's auto industry...
...wasn't until last fall, when the CSU went into meltdown after suffering big losses in the Bavarian state elections that Zu Guttenberg was thrown into the spotlight. Last November the rising star won his party's top job. When Michael Glos quit his job as Economy Minister last month, the CSU decided to replace him with Zu Guttenberg. (See pictures of the danger of printing money in Germany...
...President defends his broad agenda, he understands how much is riding on the gradual rollout of version 2.0 of his bank plan - not necessarily bigger than the $787 billion package that left the markets cold, but sharper and more plausible. The trouble with the initial draft unveiled unartfully last month by Treasury Secretary Tim Geithner, says Moody's Economy.com chief economist Mark Zandi, was that it was "too clever by half," creating elaborate incentives for private investors when the simple solution would be to have Uncle Sam immediately wade in, grab control, wring out the bad debt and punish...
...bribing guards to smuggle him outside via a laundry truck; a federal investigation later led to the arrest of 71 prison officials. Puente Grande (Big Bridge) has since been mockingly rechristened the Puerta Grande" (Big Door) prison. Guzman once bragged that he spends $5 million a month on bribes to law enforcement officers...
...Turf wars in May 2008 led to the shooting death of his son, Edgar, who was gunned down by rival traffickers outside of a shopping mall just a month after being released from prison. Currently battling two rival groups - the Juarez Cartel and the Beltran Leyva brothers, who had served as long-trusted aides until they severed ties with Guzman in early...