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Such Olympian angst may be moot. IOC insiders believe Rio's bid is gaining favor (South America has never hosted an Olympics). Around the Rings, an American publication that exclusively covers the Olympic movement, tagged Rio as the favorite in its final ?Power Index? ahead of decision day. ?...

Author: /time Magazine | Title: Chicago's Olympic Dreams | 10/5/2009 | See Source »

Some industry experts now wonder if the Hershey Trust will rethink its stand in light of the Kraft bid. After all, if Kraft ups its ante and succeeds in acquiring Cadbury, it would create a combined company that would rival Mars in size and reduce Hershey to a distant fourth...

Author: /time Magazine | Title: Could Hershey Make a Play for Cadbury? | 9/11/2009 | See Source »

Obviously, bringing these demands, which other developing countries like China and Brazil support, to the global negotiating table has been contentious. There is a stalemate over just about everything - from how to apportion blame to who should pay and how. In the run-up to Copenhagen, the Indian government and...

Author: /time Magazine | Title: Behind India's Intransigence on Climate-Change Talks | 9/10/2009 | See Source »

For weeks, hard-line elements in Iran's government have been calling for the arrest of the country's opposition leaders, especially defeated presidential candidates Mir-Hossein Mousavi and Mehdi Karroubi. Now it appears that the government has raised the ante. On Sept. 8, Iranian authorities raided offices connected to...

Author: /time Magazine | Title: Tehran Targets Opposition in Raids and Arrests | 9/9/2009 | See Source »

This past Sunday, The New York Times reported on one of the financial industry’s newest tactics—to securitize not mortgages, but bought-out life insurance policies. Wall Street firms buy policies from holders, continuing to pay monthly premiums until the original policyholder dies and the...

Author: By Ashin D. Shah | Title: The Future of Finance? | 9/8/2009 | See Source »

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