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...financier, Ron Bloom, to lead his auto task force, he instructed them to "treat these transactions in a commercial manner." That is to say, restructure the companies in a way that makes good business sense. The "commercial" mantra proved fleeting. The first imperative of commerce - to add value and thus earn profits - is too narrow to host all the civic expectations attached to the auto industry. If GM's only task were to make money, the company would shutter its car factories (or move them to low-cost countries) and churn out light trucks...
...Austrian-Canadian Magna group and Italy's Fiat SpA remain the strongest bidders for Opel. Under pressure from trade unions and key leaders of German states where Opel operates, Berlin has appeared thus far to favor the 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...
...Thus far your trek has raised $4.1 million to support terminally ill patients who want to die at home. Why did you choose that specific cause? Six years ago, my wife of 36 years, my mother and one of my sisters all died of cancer within 18 months of each other. I got to spend time in cancer clinics and spoke with women who weren't being visited and didn't want to be dying in a hospital. They wanted to be dying in their own room, with their pets and their photographs. We need many more at-home nurses...
...called six-party talks. Their explicit goal: to get North Korea to give up its nuclear-weapons program. When the North launched another long-range ballistic missile in early April, Beijing helped promote the fig leaf at the U.N. Security Council that the rocket carried a communications satellite and thus might not be a direct violation of two U.N. resolutions calling on Pyongyang to cease its nuclear and ballistic-missile programs. The result was a toothless "presidential statement" from the Security Council. Now, with the test of another nuke on May 25 - this one with more than 20 times...
...this week's visit to China, Pelosi's first as Speaker of the House, there was some nervousness in China that the high-ranking Democrat would publicly raise human-rights concerns at a sensitive time in Beijing - just one week before the 20th anniversary of the Tiananmen massacre. But thus far, the American politician, who is facing questions at home about what she knew of the CIA's waterboarding of terrorism suspects, has given her hosts little to worry about. When she did mention human rights, it was in the broad context of international relations, rather than specific criticism...