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Dates: during 2000-2009
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...workers at GM plants across Europe are in the dark over what the plans mean for them in the future. Opel employs around 26,000 workers in Germany, almost half of GM Europe's total workforce of 55,000. With Germany in the driving seat during the negotiations, politicians and trade unions in other European countries are concerned the new investor Magna, along with its Russian partners, will protect German jobs at the expense of other jobs. "There are going to be more tough negotiations with GM Europe and Magna," says Klaus Franz, the head of Opel's works council...
This latest announcement by Prime Minister Stephen Harper brings the total cost for Canada of restructuring GM to $9.5 billion, including $450 million in emergency funding already used by the car company, compared to $49.8 billion promised by the Obama Administration. In exchange Ottawa and the province of Ontario, where GM Canada has all its operations, receive a 12% stake in Detroit-based GM, representation on the new board and the promise to keep 16% of the struggling automaker's production in Canada as it restructures in coming months...
...present GM Canada has 12,000 hourly and salaried employees, but that number is expected to shrink to about 5,500 over the next couple of years. About 1,100 of the new total is expected to be salaried jobs, which are unrelated to assembly operations. That means Ottawa and the Ontario government are together spending an unprecedented $2.1 million for each assembly job at GM Canada they hope to save...
...Furious and X-Men Origins: Wolverine, all of which have exceeded $300 million thus far. Can you guess which of the late-2008 releases have earned about $250 million? Gran Torino and Marley & Me. As for The Curious Case of Benjamin Button, it added $205 million offshore for a total of $332.6 million. And the top-grossing film worldwide since last fall, with $352.8 million: that little runt of an Anglo-Indie charmer, Slumdog Millionaire. It's like a Pixar movie, without the pixels...
...better intelligence, pre-emptive sanctions based on incomplete or inaccurate intelligence, and threats are not going to stop North Korea or Iran from becoming nuclear powers. Instead what we need is an ex post facto international regime with real teeth: You test a bomb, and you face certain and total economic embargo, one that will make the pre-emptive sanctions we have in place now seem like a day at the polo club. Right now China should be closing its border with North Korea, cutting off everything except food. It is only when the lights go off in Pyongyang that...