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Dates: during 2000-2009
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...With Germany's federal election on Sept. 27 looming, GM's decision provides a huge boost for Merkel, whose conservative Christian Democrats are already well ahead in the opinion polls. Opel employs 25,000 workers in Germany - around half of GM Europe's total workforce. German unions threatened mass demonstrations if GM decided to keep Opel, fearing that option would lead to thousands of job losses in Germany. With the green light for Magna, Merkel has received an important psychological boost and can now tell voters on the campaign trail that she managed to save German jobs...

Author: /time Magazine | Title: GM Accepts Canadian-Russian Bid for Opel | 9/11/2009 | See Source »

...officials from the world's oil-rich nations fly into Vienna for their annual OPEC meeting, huddle around a gleaming conference table and decide how to push oil prices up or down by closing or opening the spigots on their vast resources - about two-thirds of the world's total reserves. At this week's meeting, however, OPEC's oil ministers attempted an even trickier acrobatic act: staying in place...

Author: /time Magazine | Title: Oil Prices Stabilize; Can OPEC Keep Them That Way? | 9/11/2009 | See Source »

...Iranian President Mahmoud Ahmadinejad, whose oil revenues offset the impact from Western sanctions and help finance their vote-getting social programs. Angolan officials this month told OPEC they needed an exemption from their quota of 1.5 million bbl. a day, since companies like Chevron and Total have invested billions in drilling off Angola's coast, and the country - most of whose people live in dire poverty - could potentially pump about 2.3 million bbl. a day by year's end. "They argue that they are a war-torn country, like Iraq, and need to rebuild the country," Morse says. "OPEC swept...

Author: /time Magazine | Title: Oil Prices Stabilize; Can OPEC Keep Them That Way? | 9/11/2009 | See Source »

...part of a government effort to boost America's hog farmers - who have identified themselves as the forgotten casualties of the H1N1 swine-flu epidemic and asked Washington for financial help - the Agriculture Department announced last week a $30 million purchase of surplus pork. That brings the federal total of pork purchases for fiscal 2009 to about $150 million, or close to $100 million more than last year's figure for the same period. During a Sept. 10 morning press conference, Secretary of Agriculture Tom Vilsack also said he would work with fellow Cabinet secretaries in the Defense, Justice...

Author: /time Magazine | Title: Pork Gets a Swine Flu Bailout | 9/11/2009 | See Source »

Harvard received $602 million in gifts this past fiscal year—an 8 percent decline from last year’s total, University officials announced yesterday...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Fundraising Total Falls Eight Percent | 9/11/2009 | See Source »

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