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...exuberance for subjects as esoteric as tapioca-derived alternative fuel and campaign-finance reform, Abhisit resembles a certain heavyweight from the U.S. Democratic Party. But there's one big difference: unlike Bill Clinton, Abhisit didn't grow up in trailer-park country. Although the patrician Thai Democrat can count on support from the urban middle class, as well as residents of Thailand's largely Muslim south, Abhisit will have a tougher time convincing the rural masses that he feels their pain. Thailand's agrarian northeast, in particular, was the voting bloc that delivered a huge mandate to Prime Minister Thaksin...

Author: /time Magazine | Title: Open Road | 8/23/2007 | See Source »

...pension deficit over the next decade through one-off cash injections and changes to employee benefits. Two months later, "Slasher" - as Walsh was known at the Irish carrier for culling a third of its staff while rescuing it from the brink - went to work on BA's head count. Hundreds of senior managers got the boot. 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 to hit its target operating margin of 10% next year, its highest ever. With...

Author: /time Magazine | Title: British Airways: Cabin Pressure | 8/23/2007 | See Source »

...interests, would take first place in an election with more than 30% of the vote, vs. 17-24% for the Kaczynskis' conservative Law and Justice Party, which has dropped 10 points in 12 months. Many in Europe have greeted that prospect with relief, but it would be foolish to count the twins out. And even if the Civic Platform wins, it may not produce as drastic a change as some hope. The roots of the crisis go back to the founding of the government. In 2006, unable to secure the votes to rule alone or to hammer out a coalition...

Author: /time Magazine | Title: Oh, Brother: Lech and Jaroslaw Kaczynski | 8/23/2007 | See Source »

...count this money when we tot up our net worth. If you don't want to sell your house, you can borrow against its rising value. Nowhere is the real estate insanity of recent years more vividly on display than in the market for second mortgages. Lenders hawk them like patent medicines in the 19th century, as a cure for all your ills...

Author: /time Magazine | Title: Your House Is Worth Less? Good | 8/23/2007 | See Source »

...Whenever an Iraqi prime minister looks shaky, you can count on Ahmed Chalabi to put out the word that he is a candidate, and launch political maneuvers. Soundly defeated in the last general election - his group failed to win a single seat outright - Chalabi is one of Iraq's most despised political figures. Only in the surreal world of Iraqi politics would such a man even be considered a potential Prime Minister...

Author: /time Magazine | Title: After Maliki, Few Good Alternatives | 8/22/2007 | See Source »

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