Word: saling
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...decision to back out of the sale of its European operations this week was a huge embarrassment for German Chancellor Angela Merkel. She had thrown her weight behind the bid by the Canadian-Austrian car-parts maker Magna and its Russian partner, Sberbank, to buy Opel and Vauxhall from the beginning, seeing it as the best way to save German jobs and offering both sides billions of dollars in loan guarantees to grease the wheels. Before GM made its sudden U-turn on Nov. 3, Merkel had also been riding high. She was coming off an electoral victory in September...
...black day for Opel," says Klaus Franz, leader of the company's works council. "The strikes will start in Germany, and then they'll spread across Europe on Friday." Thousands of workers gathered at the carmaker's plant in Rüsselsheim to vent their anger at the aborted sale. Roland Koch, governor of the state of Hesse, told the workers that GM couldn't be trusted and that he would fight to save every German job. The strike coincided with GM's announcement that it would shed 10,000 positions at its European plants, roughly the same number...
...option left: to take her complaints about GM straight to the top. Government sources said on Thursday that she had spoken to President Barack Obama about the situation on Wednesday night. Obama reassured Merkel that he had not been involved in GM's decision to back out of the sale. (See TIME's photo-essay "GM's Eight Great Hopes...
...financial management of the Class is another vitally important function of continuing class activities. Since the College provides no financial support for social activities (except in certain of the reunion years), the Class must raise and maintain a treasury, ordinarily through class dues, events, or the sale of Class memorabilia. A solid class treasury can help to subsidize a portion of many class activities or even provide a free class party at regular intervals. Additionally, the treasury must be able to absorb the cost of regular newsletters and notices, a particular challenge...
...strong demand from the U.S. and Europe and because of remaining prohibitive laws that drive up the price of the drugs. The drug cartels most responsible for the violence are still going to trade within a black market and operate outside the regulatory strictures of government because the sale of drugs is still illegal. Weapons will remain easily accessible to drug cartels because of lax laws in the United States, allowing the cartels to act as de facto militias. Meanwhile, Calderón’s policy of military action will continue to force cartels to uproot, move into...