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Despite the fact that, in Web time, July 2010 is an eternity from now, Murdoch clearly felt the need to do something quick. He made the announcement while discussing News Corp.'s dire year-end results: his empire took a stinging $203 million loss in the fourth quarter, and operating income was down 30% for the year. All in all, the company swung from a $5.34 billion profit the year before to a $3.38 billion loss in the fiscal year that just ended. Murdoch cares little for Wall Street, but he knows his investors need to have confidence that...
...This week the Russian Deputy Foreign Minister Grigory Karasin said the Kremlin would station around 3,000 troops in South Ossetia and Abkhazia by the end of the year. The Russian army has already built three bases in this scrubby mountain territory, and is building a fourth. Tskhinvali, which remains pockmarked and burnt from the five days of heavy fighting despite loans and pledges from Russia that the city would be rebuilt, is now host to a pristine Russian army base surrounded by high walls and barbed wire. (See pictures of Russia celebrating Victory...
...Church's team randomly assigned into four groups 464 overweight women who didn't regularly exercise. Women in three of the groups were asked to work out with a personal trainer for 72 min., 136 min., and 194 min. per week, respectively, for six months. Women in the fourth cluster, the control group, were told to maintain their usual physical-activity routines. All the women were asked not to change their dietary habits and to fill out monthly medical-symptom questionnaires...
Read the first, second, third, and fourth excerpts from Reset...
Author Kurt Andersen's new book, Reset: How This Crisis Can Restore Our Values and Renew America, examines the economic, political and cultural opportunities to be found in the wake of the financial crises. In this excerpt, the fourth of five pieces to appear on TIME.com, he argues that open borders and innovative immigration policy are critical to America's rebound...