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Europe now ranks as McDonald's largest region in revenue terms. Although Europe has nearly 25% fewer outlets than the U.S., in 2007 its $9 billion in revenue outpaced the $8 billion generated in America, partly because of a strong euro but also because of consistently higher sales. Given that, McDonald's new European investment strategy seems quite clear: provide its operations in Europe a boost by multiplying the number of restaurants capable of serving clients there. And ironically, a swiftly tightening recession may be the best environment in which that can be done. (See the top 10 food trends...

Author: /time Magazine | Title: Supersizing Europe: The McDonald's Stimulus Plan | 1/26/2009 | See Source »

...began its work with what is known as a presidential stem-cell line - stem cells derived from discarded in vitro-fertilization embryos that already existed in 2001 when then President Bush decided to prohibit the use of federal funds to pursue human embryonic-stem-cell work. At the time, fewer than two dozen of these stem-cell lines were of good enough quality to use as a basis for human treatments...

Author: /time Magazine | Title: Cautious Optimism for the First Stem-Cell Human Trial | 1/24/2009 | See Source »

...neighborhood of $2,000 - was hosted by Grammy-winning hip-hop artist Common and featured a drop-in by Hugh Marston Hefner himself, along with his three obliging companions from E!'s The Girls Next Door and a herd of other Playmates. For those who preferred women with fewer opinions, there was a life-size Femlin model (note to Hef novitiates: Femlins are a hybrid of females and gremlins) atop a martini glass. There were drinks, celebs, giveaways - all in all, a classic one-two punch of nostalgia and naughtiness. (Read "10 Questions for Hugh Hefner...

Author: /time Magazine | Title: Playboy Shows Signs of Withdrawal | 1/24/2009 | See Source »

...measure to modernize health-care records. Those are all longtime items on the Democratic agenda and Obama campaign promises. Obama had hoped he could get away with such far-reaching measures by also making tax cuts a large part of the bill, but the House version ended up with fewer tax cuts than he had envisioned. Not surprisingly, Republicans in the Senate - where GOP support is more essential than in the House (where Speaker Nancy Pelosi holds a much larger majority) - have expressed disappointment. "We believe that, regretfully, the stimulus package seems to be drifting off as a result...

Author: /time Magazine | Title: Economic Stimulus Plan Hits Bipartisan Obstacles | 1/22/2009 | See Source »

...Clinton seemed completely prepared on every imaginable topic, orderly, undramatic and yet willing to propose some radical changes in the State Department's structure. She seems intent on tilting the department away from its stultifying bureaucratic orthodoxies and toward solving specific problems. To do so, she will appoint no fewer than five, and perhaps more, high-profile special envoys who will do the heavy lifting and share her spotlight on the most vexing foreign policy problems - former Senator George Mitchell to calm down the Middle East, Richard Holbrooke to deal with the Afghanistan-Pakistan nexus and others for Iran, North...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

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