Word: accountants
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...earlier this year, European airlines - now locked in to fuel contracts - are less able to benefit from the steep slide in the price of oil in recent weeks. American carriers have also reacted quicker than European rivals when it comes to cutting back on capacity. So while U.S. airlines account for most of the global industry's losses this year, IATA expects them to turn a profit in 2009. Losses in Europe are forecast to rise tenfold, to $1 billion...
...edited Soldiers and Civilians: The Civil-Military Gap and American National Security, since 1816 the more veterans there have been in the upper echelons of government, the fewer military actions the U.S. has taken. Back in 1991, veterans comprised half of the House of Representatives. Now they account for only a quarter of its members...
Never before had non-French, non-soap-opera-character wife cheaters been so bold. After learning about the intricacies of prostitution rings by busting them, Eliot Spitzer sought out a girlfriend experience with a prostitute who is an aspiring singer with a MySpace account. He would have been more discreet making love to a screen live on CNN, as John King did. The mayor of Detroit communicated with his mistress by text-messaging, a form of communication so obviously insecure that the President is not allowed to do it and teenagers...
...Emergent is the top-returning stock in 2008 (through Dec. 12), according to an analysis done for TIME by Thomson Reuters Datastream. And Emergent isn't the only company that's been pleasing shareholders. This probably isn't going to make you feel any better about your brokerage account, but in the Russell 3,000, a broad-based index that captures 98% of equities traded in the U.S., 152 stocks were up at least 10% through Dec. 12, and 60 stocks were up 30% or more. (See pictures of the global financial crisis...
...pumping fist, a smile crept across Flores’ face. “I feel incredible,” said the newly-minted president. “But oh my God, now I have to run the UC.” Flores—by her own account the first Latina to assume the UC presidency—won the election in historic fashion, eking out a victory that saw her garner only 66 more first-place votes than her nearest opponent. The election was the closest contest in at least five years, according to election officials. At one point...