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...chairman, Ed Whitacre, isn't convinced that a sale is in the company's best interests. He still sees GM as a global manufacturer and is determined to retake the No. 1 spot from rival Toyota. To do so, GM needs a European manufacturing base. At the very least, GM wants to avoid creating a new competitor by providing the dowry for a tie-up among Magna, Sberbank and Opel. So on Aug. 21, the GM board rejected Merkel's plan and sent point man Smith back to Berlin. (Read "Busting Out: German Pol Plays the Cleavage Card...

Author: /time Magazine | Title: GM and Germany Still Wrangling Over Opel | 8/27/2009 | See Source »

...amateurish way in which Merkel and Steinmeier have risked turning GM and Opel's misery into a transatlantic dispute. Neither GM nor the Obama Administration, which appointed 10 of GM's current board members, appears to like the idea of handing Opel - and GM patents - to a consortium at least partially controlled by Russian oligarchs. "Neither the Chancellor's phone call with the American President nor the Foreign Minister's with Mrs. Clinton impressed anyone," wrote the conservative Frankfurter Allgemeine Zeitung in a commentary published on Aug. 26. "It is questionable whether their decision to commit themselves to a Canadian...

Author: /time Magazine | Title: GM and Germany Still Wrangling Over Opel | 8/27/2009 | See Source »

...then it was clear that Kerry's 2004 run left at least one enduring mark on American politics. On the wall of Kerry's office hangs his invitation to President Obama's Inauguration. In the center of the glass is a handwritten note from Obama. It reads, "I'm here because of you." Kerry, of course, had picked Obama to deliver the keynote address at the 2004 Democratic Convention - the speech that launched Obama into superstardom. Kerry decided to endorse Obama in late 2007 and went public in early 2008. After Obama won, Kerry spent several weeks on the short...

Author: /time Magazine | Title: John Kerry: Back in the Hunt | 8/26/2009 | See Source »

...also the last, best chance to make the case for a change in national policies and direction. Kennedy and Carter had deep and principled differences on issues like national health insurance. Kennedy was convinced that unless the party stood for its defining values - and unless Carter at least gave a sense that the next four years could be different - Democrats would be doomed in the fall. We negotiated hard for a speaking slot; Carter's forces were fearful of letting Kennedy anywhere near the podium before a rules vote on Monday sealed the President's renomination. But to deny Kennedy...

Author: /time Magazine | Title: Bob Shrum Recalls Ted Kennedy's Greatest Speech | 8/26/2009 | See Source »

...second place, you say anything." However, Abdullah's claims received a shot in the arm on Aug. 25 from six other presidential hopefuls, including former Finance Minister Ashraf Ghani, who alleged that widespread fraud took place on election day, largely to the President's advantage. At least 1,461 complaints have already been lodged with the Electoral Complaints Commission, more than 150 of which involve large numbers of votes and could affect the final outcome. The commission has launched probes that must be completed before final results can be released, a requirement that could take several weeks. In the Taliban...

Author: /time Magazine | Title: Afghanistan's Long Vote Count: Room for Mischief? | 8/26/2009 | See Source »

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