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...Weinberg Dodge bearing a letter from Chrysler, informing Morris Weinberg's son that his career in the new-car business would be over in about three weeks. There wasn't much in the way of explanation, but it comes down to this: Chrysler's sales can't support a dealer network built for another era. (See the 10 milestones on the way to GM's bankruptcy...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...plan presented by the Austrian billionaire Frank Stronach, whose Magna group is a major worldwide supplier of components to GM. Stronach has teamed up with Russian carmaker OAO GAZ Group and the state-controlled Russian financial group OAO Sberbank. Russian Prime Minister Vladimir Putin has been lobbying Merkel to support the Magna bid. Stronach told reporters on the sidelines of Wednesday's meeting in Berlin that Magna "could run Opel as a global brand." (Read "Can Americans Learn to Love Fiat? Chrysler Hopes...

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

...crisis could get worse if crucial steps are not taken now. Despite what has become a public outpouring of support for the refugees, with civil-society groups, aid agencies and the local media leading a high-profile campaign to marshal resources, funds are running perilously low. Last Friday, the UNHCR raised the dollar figure required to over $500 million. Of that amount, only $88 million is in its sights. The remainder, the UNHCR says, is needed urgently "to help the most vulnerable and worst-affected people through the end of 2009." For its part, Washington has pledged $110 million...

Author: /time Magazine | Title: Fleeing the Taliban, Pakistani Refugees in Limbo | 5/27/2009 | See Source »

...year ago, Pelosi was labeled a "disgusting figure" in a commentary by the state-run Xinhua news service. Her longtime support of human rights - as a U.S. Representative in 1991, she helped unveil a banner in Tiananmen Square honoring "those who died for democracy in China" - is seen by some mainland observers as a means to intimidate the country. When riots erupted across Tibet in March 2008, Pelosi met with the Dalai Lama in India and denounced China, calling on the world to pressure the Chinese leadership. Xinhua responded by saying that "she confused right with wrong on ... Tibet, held...

Author: /time Magazine | Title: Pelosi Avoids Human Rights on China Visit | 5/27/2009 | See Source »

...sailor-suited character. Its initial aim was to raise $135,000 and buy as many of Marceau's most artistically significant relics as possible - including Bip's trademark costume (for which bids opened on Wednesday at a mere $1,350). Despite their collecting more than 3,000 signatures of support in less than two weeks, Martell acknowledges that they got significantly less money than hoped for. Still, during Tuesday's auctioning, Bochenek made 10 successful bids worth nearly $7,560. (Watch TIME's video "Damien Hirst: Rich Artist Gets Richer...

Author: /time Magazine | Title: Marcel Marceau's Not-So-Silent Auction | 5/27/2009 | See Source »

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