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...would try repeatedly to cancel it - hard, that is, until you get to know the Osprey. As Defense Secretary under George H.W. Bush, Cheney tried four times to kill the Marine Corps's ungainly tilt-rotor aircraft. Four times he failed. Cheney found the arguments for the combat troop carrier unpersuasive and its problems irredeemable. "Given the risk we face from a military standpoint, given the areas where we think the priorities ought to be, the V-22 is not at the top of the list," he told a Senate committee in 1989. "It came out at the bottom...

Author: /time Magazine | Title: V-22 Osprey: A Flying Shame | 9/26/2007 | See Source »

...risk overshadowing the real progress that the 45-year-old Dubliner has made at BA since taking over in 2005 as its youngest ever boss. The scale of the challenge of running BA, Europe's third largest airline, after his four years as boss of the Irish carrier Aer Lingus "was easy," says Walsh. "I just multiplied everything by 10." That applied to problems too. When he arrived, the company's pension fund was short by almost $3 billion, more than the shortfall at any other major British firm. And the payroll for BA's 46,000 employees sucked...

Author: /time Magazine | Title: Cabin Pressure | 9/20/2007 | See Source »

...size. On his first Monday at BA, he set about reaching a deal with trade unions to rub out the pension's deficit over the next decade through one-off cash injections and changes to employee benefits. Two months later, "Slasher," as Walsh was known while rescuing the Irish carrier from the brink, cut hundreds of senior managers. Soon afterward, he unveiled a blueprint for shrinking BA's costs by close to $1 billion, partly through further job cuts. With fewer bills to pay, BA looks set next year to hit its target operating margin of 10%, its highest ever...

Author: /time Magazine | Title: Cabin Pressure | 9/20/2007 | See Source »

...about the scheming once it got wind of the problem, should escape any fine as a result.) Still, it's hardly reassuring that staff at BA thought it a smart idea to collude with the company's fiercest rival. Is there a problem with values at the carrier? "That wasn't anything that was in the dna" of the company, says Walsh. "I've stressed this significantly at every opportunity internally: We're not going to tolerate that sort of behavior...

Author: /time Magazine | Title: Cabin Pressure | 9/20/2007 | See Source »

Makram Azzi, 65, a retired pilot for Middle East Airlines, Lebanon's national flag carrier, said the blast tore his front door from its hinges. "What can you do? This is a war," he said, still visibly shaken. Ghanem, 64, had returned to Beirut from the Gulf only two days earlier. Like many anti-Syrian legislators, he had spent the summer months abroad out of safety concerns. Eight prominent anti-Syrian figures have been killed in a series of assassinations since February 2005 when former Prime Minister Rafik Hariri died in a massive truck bomb blast. Many Lebanese have blamed...

Author: /time Magazine | Title: An Assassination in Lebanon | 9/19/2007 | See Source »

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