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Making matters worse, some observers say, is the city leadership's apparent indifference to the bloodletting. Just weeks after Hurricane Katrina in August 2005, Mayor Ray Nagin, then in the very early stages of a heated reelection bid, dismissed warnings that many companies, like displaced residents, might opt to relocate. Nagin said he hoped they would stay. "But if they don't," he said with typical glibness, "I'll send them a postcard...

Author: /time Magazine | Title: New Orleans' White-Collar Exodus | 7/6/2007 | See Source »

...Russia, which has never hosted a winter Olympics, the 2014 games are powerful issue, both domestically and in terms of international relations. The successful bid has helped the nation enhance its image as a re-emerging force on the global stage, as a major player capable of carrying out high-quality, world-class events. Domestically, where political uncertainty looms as Putin approaches the end of his term in 2008 and society struggles with increasing wealth disparities, threats to civil liberties and other social problems, hosting the games is seen almost universally as a good idea, and the win has provided...

Author: /time Magazine | Title: The Sochi Olympics: A Win for Putin | 7/5/2007 | See Source »

...Located on the southeastern side of the Black Sea, right at the foot of the snow-peaked Caucasus mountains, the area has long been a popular vacation spot and recreation center, but many of the games' venues will have to be built from scratch. As part of the bid, Russia pledged $12 billion in development money...

Author: /time Magazine | Title: The Sochi Olympics: A Win for Putin | 7/5/2007 | See Source »

...seven-footer has spent the past five months since his collegiate career ended in training and at scout-attended workouts in a bid to latch on to an NBA roster. His season ended when Harvard’s fall semester concluded in late January...

Author: By Crimson Sports Staff | Title: Cusworth Earns Spot on NBA Summer League Roster | 7/4/2007 | See Source »

None of the questions over the British arms manufacturer appears to have had any impact on the Committee on Foreign Investment in the United States, or CFIUS, which last week approved BAE's $4.1 billion bid to acquire Armor Holdings, the Florida-based contractor that makes armor for Humvees and Stryker vehicles. CFIUS , an inter-agency panel which includes a representative of the Justice Department, ruled that Armor's transfer to foreign ownership would not threaten U.S. national security...

Author: /time Magazine | Title: The Case of the Well-Placed Prince | 6/29/2007 | See Source »

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