GM and German Government Still Wrangling Over Opel

German Chancellor Angela Merkel’s race to save automaker Opel — and the jobs of its 25,000 employees in Germany — is beginning to look like a high-speed pileup that could cost her at the polls. To get talks with Opel owners General Motors back on track, Merkel is reportedly ready to abandon her previous plan to force GM to sell a controlling stake in its European business to a consortium of Canadian-Austrian car-parts maker Magna International and Russia’s Sberbank

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California’s Crisis Hits Its Prized Universities

California’s crisis continues while Gov. Arnold Schwarzenegger and legislative leaders inch slowly toward agreement on the deep cuts necessary to close California’s massive $26 billion budget shortfall. Now, even as the state continues to pay its bills with IOUs, the University of California, the nation’s leading public university, is being forced to cut its budget by $813 million — or 20%

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Austria Squirms in Limelight of the Cellar Incest Trial

The authorities in Sankt Poelten are making the most of their sleepy, baroque town’s misfortune of being the venue for perhaps the most grotesque trial in Austria’s history. A large marquee reminiscent of a beer tent, flanked by sausage stands and a mobile sweetshop, has been erected outside the courtroom to accommodate the hundreds of journalists who’ve arrived here to follow the trial of Josef Fritzl.

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G-20 ministers discuss deepening crisis

Finance ministers from the Group of 20 industrialized and developing economies are meeting near London on Saturday to discuss a common approach on how to tackle the global economic crisis. The London G-20 summit on April 2 was initially going to focus on financial markets and regulation, but the deepening crisis around the world has highlighted the need for a broader economic package. This plan includes everything from stimulus packages to uneven interest rates, said Mark Malloch-Brown, British Prime Minister Gordon Brown’s envoy to the summit.

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