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...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 up almost overnight. By the end of 2008, the once proud matriarch was seen in tears on German television, leading employees in a demonstration to prod the government to bail out her hapless clan and save thousands of jobs. But given the Schaeffler Group's "greed is good" image, it was no surprise that...

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

...Overnight futures trading suggested that Wall Street would open to less bearish trading than the sell-off that fueled its 4.24% loss Monday. But observers warned against looking to daily, weekly, or even monthly market activity for signs of where they or the stocks traded on them are headed. The reason? First off, if the selling frenzies that sent indices plunging by roughly 50% over the past year were initially driven by fears of possible collapse of global finance markets, that panic is now mostly being inspired by the world's dismal economic outlook. Because of that, many experts...

Author: /time Magazine | Title: Asian and European Markets Calmer, but More Chaos Ahead | 3/3/2009 | See Source »

...Dobroshi got the part, and everything changed overnight. She put her social life on hold temporarily to learn French in only two months and shoot the movie, during which, she says, she immersed herself in the role. "I was in character for the entire time of shooting," she says. "On the weekends, I would almost completely isolate myself...

Author: /time Magazine | Title: Kosovo to Cannes: Arta Dobroshi's Journey to The Silence of Lorna | 3/2/2009 | See Source »

...writer's beloved summer home in Devon, England, which is now open to the public. The bedrooms, drawing room and dining rooms of the house that inspired Dead Man's Folly have been carefully restored to their 1950s state by the National Trust. If you'd like to stay overnight, you can even rent one of two cottages on the grounds. Greenway Road, Galmpton, near Brixham...

Author: /time Magazine | Title: Agatha Christie's Private Escape, and Other Travel Goodies | 3/2/2009 | See Source »

Residents in Bissau said on Monday that they had hidden inside their houses overnight, listening to gunshots resound across the city for hours, until they subsided at about 5 a.m. "Everyone is shocked," the former Minister of Finance Isifou Sanha said by phone from Bissau. "There must be a call to respect the constitution." Military leaders said on Guinea-Bissau radio stations yesterday that they would follow the constitution, by allowing the head of the parliament to run the country until new elections, which are supposed to be held within 60 days. Yet with billions of dollars of illegal drug...

Author: /time Magazine | Title: A Big Double Murder Jolts Africa's Cocaine Hub | 3/2/2009 | See Source »

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