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...have long found it hard to resist a second bite of Cadbury chocolate. Kraft, it seems, is no different. The world's second biggest foodmaker unleashed a hostile bid for the British confectioner on Monday, offering $16.3 billion in cash and shares under the same terms as a friendly approach that was rejected by Cadbury in September. Absent any sweetener, Cadbury's board "emphatically rejected this derisory offer," chairman Roger Carr fired back in a statement. The bid, he said, "does not come remotely close to reflecting the true value of our company." (See nine kid foods to avoid...

Author: /time Magazine | Title: Despite Two Rebuffs, Kraft Is Still Sweet on Cadbury | 11/10/2009 | See Source »

...shareholders are thought to want at least $13.4 a share; many analysts think they should hold out for more. But in the absence of a rival bidder, Kraft's proposal - which still offers a premium of 26% over Cadbury's share price prior to the company's initial approach in September - may start to look more appetizing. After all, short-term investors have poured into Cadbury shares in recent weeks. Rather than see Kraft walk away, many will be hoping to cut a deal. (See the top 10 food trends...

Author: /time Magazine | Title: Despite Two Rebuffs, Kraft Is Still Sweet on Cadbury | 11/10/2009 | See Source »

...then, an offense worthy of reprimand for today’s congressional Democrats? Ask Rep. Alan Grayson ’78. The freshman Florida congressman has striven to inject a strong sense of morality into the health-care debate and other floor fights. He famously characterized the Republican approach to health care as “don’t get sick, and if you get sick, die quickly,” and has continually used his floor speeches to highlight the deaths that result from America’s lack of national health insurance...

Author: By Dylan R. Matthews | Title: Must Have a Code | 11/10/2009 | See Source »

While Mitchell’s translations are looser and more creatively liberal, Snow’s have an interest in direct syntactical facsimile; with a more direct approach to the formulation of Rilke’s images. In “Going Blind,” a poem from “New Poems,” Rilke describes observing a woman who is ostensibly doing just that. The poem ends with a paradigmatic Rilke image—in observing her impediments, he suddenly perceives a flash of transcendent elegance. Mitchell writes, “and yet: as though, once...

Author: By Adam L. Palay, CONTRIBUTING WRITER | Title: Revisiting Rilke's Translations | 11/10/2009 | See Source »

...that strategy is under renewed scrutiny among gay activists, some of whom are calling for a more pointed and even confrontational approach. "While time may be on our side, if we leave these issues up to the voters to eventually change or overturn, there is no telling how much time it will take," says Chris Hartman, executive director of the Fairness Campaign in Louisville, Ky. Hartman's group has successfully pushed for a local ordinance giving gays there protection against discrimination at work and in housing, but so far has been unsuccessful in convincing lawmakers to allow gay marriage. "LGBT...

Author: /time Magazine | Title: After Maine, the Battle Lines Over Gay Marriage Harden | 11/10/2009 | See Source »

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