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...doubt UPS shareholders are relieved after two of the hardest years in the 102-year-old firm's history. Indeed, only four months ago, the $45 billion company disclosed a 43% drop in third-quarter profit, and 2008 likewise saw staff reductions, shuttered facilities and deep cost controls...

Author: /time Magazine | Title: Road to Recovery | 2/25/2010 | See Source »

...packages from the market," says Greg Niemann, a UPS exec who worked at the company from 1961 to 1995 and is the author of Big Brown. "If we hadn't looked ahead and moved from retail to wholesale [shipping], we would have been out of business a long time ago...

Author: /time Magazine | Title: Road to Recovery | 2/25/2010 | See Source »

...weeks ago, when Reid yanked a bipartisan jobs bill that was hammered out by Democrat Max Baucus and Republican Chuck Grassley, it looked like he was on course to do the same thing he did with health care reform: pull a bipartisan deal and replace it with a partisan bill. But that barely worked when the Democrats had 60 votes - so how could Reid hope to ram something through now, when he's one vote short of stopping a Republican filibuster? (See pictures of Republican memorabilia...

Author: /time Magazine | Title: After Jobs Bill, Reid Looks for More Small Victories | 2/24/2010 | See Source »

...years later, a promise to put pressure on Japan to stop culling whales was part of Rudd's own election campaign platform, though last week's announcement was the first major step his administration has taken on the issue. "The Australian government promised to do something two years ago. They have been stalling on the issue," says Wally Franklin of the Southern Cross University Whale Research Centre in Lismore, in New South Wales. "Whales are being killed unnecessarily, and illegally. Australia has a case, but it looks like the missing ingredient is political will...

Author: /time Magazine | Title: Australia to Japan: Stop Whaling, or Else | 2/24/2010 | See Source »

...effectiveness is the system's inability to marginalize or radicalize him. Nevertheless, the past several months have been trying ones for the 75-year-old, one of the richest men in the country and one of the Islamic Republic's most powerful players since its inception 31 years ago. He and his family vocally opposed the re-election of Ahmadinejad. His daughter Faezeh has spent time in jail; his son Mehdi, who is currently outside of Iran, will potentially be subject to arrest if he returns. Rafsanjani, who was President of Iran for two terms ending in 1997, lost...

Author: /time Magazine | Title: Rafsanjani Raises Hopes for a Compromise in Iran | 2/24/2010 | See Source »

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