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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 »

...escaped this recession unscathed. Revenue last year shrank by about $6 billion from 2008, forcing widespread belt-tightening. Just last month, despite the improved outlook, Davis revealed a major restructuring that included 1,800 management and administrative layoffs. Two weeks later, on Feb. 8, he announced plans to furlough at least 300 of the company's 2,800 pilots. These cuts come on the heels of a 4% reduction in UPS's 408,000-strong global workforce...

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

...those who doubt America’s leadership, its political system, or its economy, there is one fact that is not up for debate: Americans are charitable people.  Even during the worst economic climate since the Great Depression, U.S. chartable giving exceeded 300 billion dollars. We have seen this charitable spirit at Harvard; following the 7.0 earthquake that has devastated Haiti, Harvard students, in cooperation with the Office of the President, Harvard College Dean’s Office, and the Office of Fine Arts, established Harvard for Haiti, an organization which has raised just over 23,000 dollars...

Author: By REXHEP DOLLAKU | Title: HarvardforHumanity | 2/25/2010 | See Source »

...World's biggest brand managers forsake their suburban bottling plants, all to spruik their wares at Hong Kong's wine expos. The trade press is agog at a regional market thought to be growing at up to 20% a year and predicted to be worth $1.5 billion by 2017. (Watch TIME's video "50 States of Wine...

Author: /time Magazine | Title: The East Is Red, White And Rosé | 2/25/2010 | See Source »

...proposed $47.5 billion bond issue the government is asking taxpayers to approve to provide stimulus investment for businesses and infrastructure have fallen afoul of feminists. The posters show Marianne - the Phrygian-bonneted symbol of the French Republic - barefoot, swathed in pure white and very pregnant. That, critics say, sends the chauvinist message of women as chaste, stay-at-home types whose sole function in life is to provide their husbands with children needed for labor and warring. Some detractors say the images also exploit women for political purposes. "The hand of the state shouldn't be in my uterus," wrote...

Author: /time Magazine | Title: In France, Sex Sells — Even in Anti-Smoking Ads | 2/25/2010 | See Source »

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