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...Absent its own benefactor, Real Madrid, the favored club of Spain's establishment, owes its deep pockets to a powerful brand and unrivaled commercial skills. Owned by 80,000 of its supporters, it's the richest soccer club in the world, with revenues of more than $500 million for the 2007-08 season, double the level of seven years ago. Free to negotiate its own broadcast-rights deal - top teams in England or Germany, say, must sell TV rights collectively - Madrid is halfway through a $1.4 billion, seven-year contract with broadcaster Mediapro. (See the 100 best TV shows...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

...Despite the relative peace that has come to Kashmir in recent years, anti-India sentiment still runs deep in predominantly Muslim Indian state. Some separatist leaders continue to seek full independence for the state; others a plebiscite to determine whether Kashmir should fall under Indian or Pakistani rule. Incidents like the Shopian deaths often lead high-voltage clashes between the region's residents and Indian security forces. Abdullah, Kashmir's chief, admits that absolute peace and normalcy will evade the region unless a sustained peace dialogue takes place within the state and between New Delhi and Islamabad. "New Delhi ought...

Author: /time Magazine | Title: A Violent Crime Resurrects Kashmir's Call for Freedom | 6/10/2009 | See Source »

...bombs employed has gone "way up." Twenty-pound charges have been replaced by oil drums packed with hundreds of pounds of explosives, set off by trip wires and pressure plates, that are capable of reducing up-armored humvees to pieces. Under cover of darkness, IED teams burrow deep under the tarmac or wheelbarrow bombs into rain culverts, which number into the thousands in some provinces, spread out over hundreds of miles of road...

Author: /time Magazine | Title: Roadside Bombs: An Iraqi Tactic on the Upsurge in Afghanistan | 6/9/2009 | See Source »

...Among Italy's more mainstream opposition parties, the results confirm deep division. There's now a risk that Italy's left might splinter further, mostly because nobody can agree on how best to take on Berlusconi, a man who has dominated politics for 15 years with the most personalized of approaches to governing. Questions remain about the use of the presidential aircraft to bring entertainers to Berlusconi's villa on Sardinia, and reports are circulating of additional racy shots in a series of photos recently published by the Spanish daily El País that showed naked and half-naked...

Author: /time Magazine | Title: European Elections: A Blow to Brown, Boost for Merkel | 6/8/2009 | See Source »

...general election in Germany, and Chancellor Angela Merkel's Conservatives emerged as the clear winners. The ruling Christian Democratic Union (CDU) and its sister party in the state of Bavaria, the Christian Social Union (CSU), won about 38% of the vote. With Germany in the middle of a deep recession, the result seems to be the voters' way of telling Merkel that they trust her leadership and her handling of the economic crisis...

Author: /time Magazine | Title: European Elections: A Blow to Brown, Boost for Merkel | 6/8/2009 | See Source »

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