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...least one thing is clear: the German government wants GM to pay back the $2.2 billion bridge loan that Berlin gave it a few months ago to keep Opel's business afloat. Jürgen Reinholz, the Economy Minister of the eastern state of Thuringia, says GM will likely do this by the end of November. But a huge question for Merkel is whether GM will now receive any of the $6.7 billion in loans the government had previously promised to Magna to seal the deal. The pledge had raised alarm bells in Britain, Belgium and Spain, where leaders feared...

Author: /time Magazine | Title: GM Keeps Opel, Announces Job Cuts, Angers Germans | 11/5/2009 | See Source »

...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 of jobs that Magna had planned...

Author: /time Magazine | Title: GM Keeps Opel, Announces Job Cuts, Angers Germans | 11/5/2009 | See Source »

...German government has asked GM to come up with a restructuring plan as quickly as possible. Government sources said only then would Berlin decide whether GM would be eligible for any of the $6.7 billion in state aid that Germany had offered to Magna. Union leaders want the government to stand firm and not send any German taxpayer money across the Atlantic. But the car giant is prepared to play hardball too, reminding German workers that the insolvency of its entire European operation is still an option. "Failure to reach the restructuring that is needed would result in the operation...

Author: /time Magazine | Title: GM Keeps Opel, Announces Job Cuts, Angers Germans | 11/5/2009 | See Source »

...name of Said Bahaji, a militant associated with hijackers, and a Spanish passport for the wife of an alleged al-Qaeda member. Though the documents have not been authenticated, U.S. officials say they're proof that al-Qaeda members took refuge in the area. Visiting Secretary of State Hillary Clinton said she found it "hard to believe" that Pakistani forces couldn't capture al-Qaeda leaders "if they really wanted...

Author: /time Magazine | Title: The World | 11/5/2009 | See Source »

...even be argued that the years of state indoctrination in "protest" commemoration simply taught the young how to become revolutionary. Where there is injustice, children are told, "protest." It is not by accident that the opposition chants are from the original 1979 Revolution. The holidays, practices, slogans, and iconography that constitute the Islamic Republic of Iran appear to have provided today's green-clad protesters with an arsenal to use against a state that they increasingly see as repeating the mistakes of the regime overthrown three decades...

Author: /time Magazine | Title: 'Death to America' Day: How Iran Trained Its Young to Protest | 11/4/2009 | See Source »

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