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...party, criticized the deal to save Opel and apparently threatened to resign on Friday night when he was over-ruled. Guttenberg, a rising star in Merkel's coalition government, controversially suggested Opel should go into an "orderly insolvency" and he accused the government of risking billions for a short-term solution. "There is the danger the state could be blackmailed if it is too generous with state help even on one occasion," Guttenberg told the Welt am Sonntag newspaper on Sunday...

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

...Berlin. German participants said the U.S. government and GM appeared to be stalling. For weeks, talks have focused on a German government-backed credit for Opel of €1.5 billion ($2.1 billion). But German officials said the U.S. surprised them on Wednesday with a new demand for an additional short-term credit of €300 million ($416 million). The U.S. government also rejected the German government's plan to impose itself as a kind of administrator over Opel's management. After the meeting, the Germans blamed the Americans for the lack of progress. "Once again we were confronted with surprises...

Author: /time Magazine | Title: Rescuing GM in Europe: A Political Hot Potato | 5/28/2009 | See Source »

Iran insists its nuclear intentions are confined to generating electricity, but the concern of the U.S. and its allies is that the infrastructure of a civilian nuclear program - particularly uranium enrichment - puts a nuclear weapon within short-term reach should Iran decide to assemble one. (Israel and U.S. believe that Iran has not yet taken such a decision, and to do so it would have to expel the international inspectors that currently monitor its enrichment facility at Natanz. That's because the uranium already enriched there would have to be reprocessed to a far higher degree of enrichment to create...

Author: /time Magazine | Title: Iran's Missile Test: A Message to Obama | 5/22/2009 | See Source »

...admirably prudent. But Germany is in bad shape. In Halle, they're feeling the pinch, again - even if the situation is (remarkably) not quite as bad as it is in west German regions such as the environs of Stuttgart, where almost half a million people have been put on short-term work since last October as auto and machinery factories have slowed production. The east has been somewhat protected because its firms don't export as much as their west German opposite numbers. An unmistakable streak of eastern stoicism helps, too. "I notice that when I'm in the west...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

...While these solutions to lack of open communication between administrators and students would provide short-term relief, the current budget-cut confusion is reflective of a larger and more permanent problem with College governance. For too long, decisions at Harvard have been made behind closed doors, and a lack of student input in major university policies continues to be a problem...

Author: By Andrea R. Flores | Title: We Are Harvard | 5/17/2009 | See Source »

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