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...cost of the reprieve was high, however. Banks demanded that Merckle sell his stakes in HeidelbergCement, Ratiopharm and Phoenix Pharmahandel...

Author: /time Magazine | Title: Financial Casualty: Why Adolf Merckle Killed Himself | 1/6/2009 | See Source »

...population, it became clear that it would not be able to hand over all the detainees. So the Pentagon has decided to build a new prison to replace the current Bagram Theater Internment Facility, a converted hangar used by the Soviets during their occupation. The new facility, expected to cost at least $60 million, is slated to hold 600 detainees under normal circumstances, with a capacity of 1,100 in emergency conditions. It will be tucked into a remote 40-acre location on the 4,000-acre base...

Author: /time Magazine | Title: Another Gitmo Grows in Afghanistan | 1/5/2009 | See Source »

...agreed upon within Democratic, and many Republican, circles: a large stimulus package, perhaps as big as $750 billion or even $1 trillion over two years. The number is large by design. To have an effect on the economy, it has to be big, say economists. (The entire Vietnam War cost about $700 billion, in inflation-adjusted dollars. Military operations in Iraq, Afghanistan and elsewhere since Sept. 11, 2001, have already cost more than $860 billion, according to congressional bean counters...

Author: /time Magazine | Title: Obama Gets Ready for His Washington Closeup | 1/5/2009 | See Source »

...offering a three-session weekend wine class starting Jan. 16, at the Kimpton Harbor Court hotel, meeting two hours each day, Friday through Sunday. Couples can get two nights at the hotel, plus the class, for $695; if you're traveling solo, the rate is $545. Normally, the courses cost $229 without accommodations. If you can't make this weekend, the Wine Lab is working on five to eight more dates in 2009. E-mail the school at classes@brucecasswinelab.com for information. If you'd rather get straight to the drinking, check out the Wine Lab's recommended San Francisco wine...

Author: /time Magazine | Title: Travel News: An Inauguration Day How-To | 1/2/2009 | See Source »

...Israeli military establishment insist that even the limited goal of delivering a punishing blow to deter further Hamas attacks requires the Israeli military to get at close quarters with the militants, disrupting their structures and their chain of command and killing more of their fighters - even at the cost of Israeli casualties. They also fear that the coming Israeli election - in which both Barak and Foreign Minister Tzipi Livni are candidates, but the more hawkish Likud leader Benjamin Netanyahu is the front runner - may be complicating Israel's decision-making. So even if the window of opportunity is closing, there...

Author: /time Magazine | Title: Where Is the Gaza Ground War? | 1/2/2009 | See Source »

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