Today's Paper: Europe

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	April 1, 2009 -- 5:30 a.m.

Visit WSJ.com at U.S. | EUROPE | ASIA News by section: Page One | Corporate News | Economy and Politics | Money and Investing | Marketplace   PAGE ONE A1 World Leaders Lay Out Tests for Obama Obama arrived ahead of the G-20, eager to try his hand at statecraft, and world leaders appear just as eager to test a president with little international experience.   French Bosses Besieged as Worker Anger Rises French workers besieged bosses, including luxury and retail tycoon François-Henri Pinault, as anger at proposed layoffs generated more forceful protests.   A Slate of G-20 Rivals Is Waiting in the Wings The G-20 is emerging as the board of directors of the global economy. But the forum of industrialized and developing nations has plenty of potential rivals. • Video | Photos: Leaders Arrive   A2 • Merkel Pledges Backing for Opel • Abroad, GM Is Feast, Famine; Chrysler Has Small Footprint   A3 • New GM Chief Bends to U.S. Pressure   CORPORATE NEWS A4 GM Will Replace at Least Six Others on Board At least six directors of GM will soon join former CEO Rick Wagoner in heading out the door, replacing a majority of the auto maker's board.   A5 • Detroit's Fate Sealed in West Wing • Blame Is Put on Management, but Hourly Workers, Retirees Face More Pain   A6 • Intel Releases Chip for Server Systems • Dow Chemical's Debt Rating at Issue   A7 • Shire in Deal With Glaxo • EMI Takes a Chance On Deal for Lotteries • Genzyme Buys Rights To MS Drug • Abbott Considered Acquiring Wyeth • Kidney-Cancer Drug Approved   ECONOMY AND POLITICS A8 Global Slump Seen Deepening The outlook for the global economy worsened on the eve of the G-20 summit, as two agencies warned that global output will fall in 2009 for the first time since World War II.   Dalai Lama Urges China To Let Media Into Tibet The Dalai Lama challenged China to open Tibet to foreign journalists to determine whether residents are happy.   Fed Official Sees Economic Improvement Midyear The U.S. economy should find its footing around midyear even after another "significant" contraction in the first quarter, Minneapolis Fed President Gary Stern said.   A9 • Netanyahu Sworn In as Israeli Leader • House Emissions Bill Postpones Decisions on Cost • Israel Central Bank Head Pushes Stimulus Plans • Drop in Home Prices Picked Up Speed in January   A10 • Senior U.S., Iranian Officials Meet at Afghanistan Conference • Pakistani Taliban Chief Threatens Washington Attack   A11 OPINION The Obama Autoworks At GM and Chrysler, politics is now Job One.   Kamikaze Spending How much can a country spend before investors bolt and bankruptcy hits? Japan is going to find out.   Night of the Living Death Tax Obama's budget quietly resurrects it in 2010.     A12 OPINION Don't Come Up Short, G-20 By Marco Annunziata The G-20 should use the London summit to prove that global leadership is finally coming of age.   Letters to the Editor • Trade Defense Is Not Protectionism • Obama Is Not Widening The Atlantic Ocean • Where Was Sweden's Liberalism? • Reagan, Obama and the Real Ground-Up Economics   A13 OPINION A One-Way Route to Helping the Poor By John Battle, Menzies Campbell, Michael Hastings, Peter Lilley and Clare Short Unilateral trade liberalization would cost us little and boost them greatly.   GLOBAL VIEW The Stages of Anti-Semitism An avant-garde play revives an ancient hatred.   ABDULLAH GÜL NATO Can Do Better in Afghanistan Now is no time to abandon the mission.     A14 • An Empowered IMF Faces Pivotal Test   A15 • Leaders Favor Domestic Companies, Despite Talk of Free Trade   MARKETPLACE A28 The Latest in Mental Health: Working Out at the 'Brain Gym' Thousands of Americans are choosing to join a small, but growing, number of "brain gyms" -- centers that promise to keep minds sharp with cognitive training sessions. • Video: The Newest Exercise Trend   THE MOSSBERG SOLUTION Cool Trays Take the Heat Off Your Lap Many laptops tend to run hot, making them uncomfortable and sometimes painful to use on your lap. Now, companies are selling trays and pads designed to cool hot laptops and, in turn, cool laps.   A29 • Brixton's Test: Raising Cash   A30 • Member Nations Haggle Over Tax-Haven Roster • France Hints at Leaving G-20 Summit   A31 • Anarchists Organize to Spread the Word   A32 • Aso Sets Stimulus Spending Goals • HEARD ON THE STREET: Fiat Sticks by Chrysler • HEARD ON THE STREET: Record Bond Sales Show Risk Aversion • HEARD ON THE STREET: M&S Doesn't Signal Retail Recovery View the latest What's News Online Past Editions of In Today's Paper advertisement MONEY AND INVESTING A17 The Charming Mr. Piedrahita Finds Himself Caught in the Madoff Storm Andrés Piedrahita, managing partner of Fairfield Greenwich, finds himself caught in a legal and financial storm following the collapse of Madoff's $50 billion scheme. • Interview Excerpts: Andrés Piedrahita   And the Winner for iShares ... CVC? CVC Capital Partners emerged as the likely buyer of Barclays's prized iShares exchange-traded-funds unit, in a $4.3 billion deal.   Fortis Sale Hits Snag; Huge Loss The planned sale of Fortis Bank to BNP Paribas hit another snag, as a Belgian court ruled recent investors as ineligible to vote on the deal.   A18 • Stocks Rise to End First Quarter • Bank Stocks Lead Rebound in Europe • CREDIT MARKETS: Treasurys Post First Monthly Gain of the Year • CURRENCY TRADING: Dollar Retreats on Euro Amid Rebound by Stocks   A19 • Retirements Hit Goldman • Merrill to Pay $40 Million in Refco Case • Activist Funds Exit Deutsche Börse Fight • Dutch Pension Targets Cash Level   A20 • Rakuten wants to sell back stake in Tokyo Broadcasting • SocGen Warns on Write-Downs • Abu Dhabi Energy Fund Increases Stake in Cepsa • Collardi to lead Julius Baer unit • Germany's LBBW posted loss for '08   A21 • Dislocation, Dislocation, Dislocation • Middle East Fee Shake-Up   A22 • Chrysler Plan Trims Fiat's Stake, Cuts Out Cerberus • THE GAME: For GM Bondholders, Time Is a Weapon • Macquarie Fund Gets Offer • Google Begins China Music Service   A23 • Australia Seems Open to Chinese Investment • Nikkei Retreats, Ending Fiscal Year with 35% Loss • China's advantage is cheap financing   A24 • EU Aims to Open Energy Markets • Asia Looks 'Bleak,' ADB Says • Sakhalin won't boost LNG project

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