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...government's tacit approval of the CNAC-China Eastern alliance marks a potentially significant policy shift by the Civil Aviation Administration of China (CAAC), the country's aviation regulator. Just as Beijing has opened up its backward banking sector to overseas investment in order to tap the expertise of foreign financiers, in recent years the CAAC has been allowing foreign airlines to take small stakes in domestic carriers, hoping that outside partners could improve airline management. Air China, for example, has a cross-shareholding agreement with Hong Kong-based Cathay Pacific, and in 2005 American financier George Soros invested...

Author: /time Magazine | Title: Cleared for Takeoff | 1/23/2008 | See Source »

...McCain does get the nod of his party, he has promised, he will wage a civil campaign. And he says he's confident that whoever wins the Democratic nomination will play by the same above-the-belt rules. Clinton, Barack Obama and John Edwards are his colleagues, after all, and McCain has worked with each of them in the Senate. He once even bonded with Clinton over late-night vodka shots in Estonia on a congressional trip. "I am confident we'd have a respectful debate with any of the three," McCain says. "Why not? I've worked with them...

Author: /time Magazine | Title: The Resurrection of John McCain | 1/23/2008 | See Source »

...Socialists' failure to position the political debate in a way that helps people grasp why those accomplishments are important. "I covered with President Zapatero all the obvious ways that the PP will attack him," says Lakoff, "from his dealings with ETA, to the economy, to regional autonomy and civil rights. But then I said, 'Look, this campaign is about one thing: do Spaniards want to continue to build a progressive, modern democracy, or do they want to return to the kind of authoritarian regime that the PP wants?' The truth isn't enough - you have to frame it so people...

Author: /time Magazine | Title: 'Council of Sages' Advises Zapatero | 1/22/2008 | See Source »

...CERP budget for fiscal year 2007 was $750 million and while no cutbacks are expected for 2008 the money hasn't been authorized yet by Congress, which means the army's top brass is playing it safe and tightening its belt. According to Lt. Col. Gerry Messmer, A U.S. civil military operations officer in Baghdad, there is no problem with funding. "We are reviewing all requests for funds and asking the important question of how can we help [Iraqis] help themselves...

Author: /time Magazine | Title: The U.S. Financial Crisis — in Iraq | 1/22/2008 | See Source »

...bitterest point of contention for Democrats will be the same question that divided them last summer: immunity for telecom companies that complied with Bush Administration requests for access to American phone and e-mail traffic without warrants after 9/11. After news of the Bush program broke, civil liberties groups brought cases against the companies, and since then the telecoms have in some cases refused to help the U.S. intelligence community further. Bush has said he will veto any bill that doesn't grant the telecoms immunity. The Democrats are split on the issue. Smart money bets the Democrats will cave...

Author: /time Magazine | Title: Comity in Congress — for How Long? | 1/21/2008 | See Source »

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