Word: chief
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...natural that Apple's fans would fret: in Silicon Valley, Jobs is a mock-turtleneck-clad deity, a leader synonymous with his company's brand - and its success. But analysts believe Apple will be in good hands while the CEO convalesces. The man stepping into Jobs' New Balance sneakers, chief operating officer Tim Cook, is viewed as a brainy and capable leader who has has long helped steer Apple's ship behind the scenes...
...factors are dampening investors' enthusiasm, including recession-smitten corporate profits and the uncertain prospects for economic recovery. "If you believe that corporate profits have no chance to rise in the next two to three years, then you could argue that stock prices are still too expensive," says Masaaki Kanno, chief economist at JPMorgan Securities in Tokyo. "More importantly, you could argue that it's too risky to hold the stocks." Kanno says people have lost a sense of what's fair value for financial assets, including stocks and other risky assets; they prefer time deposits, risk-free investments and cash...
Hail to the Chief TIME's nomination of Barack Obama as Person of the Year was a fitting tribute to a man who achieved the impossible in the land of the free by transcending barriers of race, religion and region to take the mantle of leadership in a country that once again can inspire the rest of the world [Dec. 29]. TIME's presentation of pictures and features on Obama makes him simply the most celebrated man in our time. K. Chidanand Kumar, Bangalore, India...
...Force will be on alert," he says, describing what some of the 11,500 troops who are assigned inaugural duties will be doing on Jan. 20. "We'll use our NORAD [North American Aerospace Defense Command] forces to increase the air-defense presence in the area," he adds. Renuart, chief of the post-9/11 U.S. Northern Command, is responsible for defending the U.S. from attack. F-16s and Patriot missile batteries will be ready to deter, and if necessary shoot down, aerial intruders. Military choppers and Marine landing boats will be primed for an emergency. "There is a Joint...
...Meanwhile, as Hamas and Israel seemed to edge closer to accepting a cease-fire, Israeli forces subjected the enclave's main city of over 500,000 people to a relentless hammering. Israeli media reported that three top Hamas commanders - Said Siam, the Interior Minister; security chief Salah Abu Shrek; and Mahmoud Watfah, head of the military wing - were killed in an air strike inside Jabaliya refugee camp. Israeli military sources told TIME that Siam, a hard-liner ranked third within the political hierarchy, had been on the list of targeted Hamas leaders since the 20-day-old operation began. "Hamas...