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Months of speculation came to an end on Tuesday afternoon as Japan Airlines (JAL), the country's 59-year-old flagship carrier that once symbolized the strength of Japan Inc., filed for bankruptcy with two of its subsidiaries. Weighted by debts estimated at $25.6 billion (2.3 trillion yen), Japan Airlines Corp., Japan Airlines International and JAL Capital made history today as what is perhaps Japan's largest nonfinancial corporate failure. With a long record of unprofitable earnings, the airline has taken a hit from weak travel demand after SARS and H1N1, fuel surcharges and the global recession...

Author: /time Magazine | Title: Japan Airlines Files for Bankruptcy | 1/19/2010 | See Source »

...writing, I like watching bad movies. Nothing stops me in my tracks more than watching a great film like The Godfather or Dog Day Afternoon or The Graduate. You watch one of those, and you never want to write again. Whereas with bad movies, it makes you think, If that counts, I certainly could write...

Author: /time Magazine | Title: 10 Questions for Jason Reitman | 1/18/2010 | See Source »

Larry D. Arbuthnott ’10 was woken from his afternoon nap by his grandmother's worried shrill: “Turn on the news! I think there's been an earthquake in Haiti...

Author: By Xi Yu, CRIMSON STAFF WRITER | Title: Harvard Lends Helping Hands to a Shaken Country | 1/15/2010 | See Source »

...recent review has determined that an adequate amount of residential space is available for a small incoming class of transfers, according to an online statement posted this afternoon by Dean of the Faculty of Arts and Sciences Michael D. Smith and Dean of the College Evelynn M. Hammonds...

Author: By Julie M. Zauzmer, CRIMSON STAFF WRITER | Title: College To Resume Accepting Transfer Applications | 1/15/2010 | See Source »

...find out about a cause by getting a text message from a friend, you're more likely to trust it and feel a sense of community by giving. Mary South, an editor in Brooklyn, N.Y., says she decided to donate $10 by text to the Red Cross on Wednesday afternoon after she read a friend's post about it on Facebook. "I thought, If everyone else is doing it, then I can too," says South, who says she gives to other nonprofits online but had never donated via text message. "When you see that kind of devastation, you want...

Author: /time Magazine | Title: Donating by Text: Haiti Fundraising Goes Viral | 1/13/2010 | See Source »

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