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...Citing national pride, then opposition leader Silvio Berlusconi had railed against a complete takeover by the French-Dutch carrier last year. But this fall, after returning to the Prime Minister's office, Berlusconi was forced to face the reality that Alitalia's coffers were running dry. A consortium of Italian businessmen were encouraged to step in to salvage Alitalia in a deal that merged it with Italy's No. 2 carrier, Air One, But the implicit understanding was that a foreign partner would also have to be found...

Author: /time Magazine | Title: Why Air France-KLM Bought 25% of Alitalia | 1/12/2009 | See Source »

...sale, which may be the first step toward an eventual takeover by the French-Dutch carrier, gives Air France-KLM a big say in decision-making at Alitalia and greater access to Italian routes, which are ripe with potential for both international and domestic travelers. Unlike most other European countries, Italy's geography (1,350 kilometers (840 miles) north-south from Turin to Reggio Calabria, and two major islands) fuels steady national flights. Despite the current worldwide economic crisis, Italy also remains a destination for tourists as well as the families of Italian emigrants and their descendants around the world...

Author: /time Magazine | Title: Why Air France-KLM Bought 25% of Alitalia | 1/12/2009 | See Source »

...takes off. The plane making the trip will have the familiar red and green stripes on its tail, and the crew will sport their old uniform pins. But this will be the "new" Alitalia, under private ownership, merged with upstart competitor Air One, and now partly owned by its French-Dutch rival. No more Futurist paintings to be sure, but perhaps Alitalia once again has a future...

Author: /time Magazine | Title: Why Air France-KLM Bought 25% of Alitalia | 1/12/2009 | See Source »

It’s Friday night at the Cambridge Queen’s Head, and Harvard rock band Start, Go! is warming up on stage. Over the lively buzz of conversation, and with the smell of french fries in the air, the five band members jam on their instruments and adjust sound levels.Finally, 20 minutes after the show was slated to begin, the black-clad lead singer, Chris XX. Powers, steps up to the microphone. “Hello everybody! How are you all doing tonight?” he says. The audience responds enthusiastically.Powers announces that the first song...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: Veritas Aims for the Stars | 1/11/2009 | See Source »

...These will be the tactics if Israel decides to launch "Phase Three" in Gaza, a thrust into the heart of the besieged Palestinian enclave by thousands of troops. Phase Three seems inevitable now that Israel and Hamas have both rejected a United Nations ceasefire call and a French-Egyptian peace proposal. "All that's left to do is to give the order, and we'll start moving in the direction of the Gaza Strip," a commander of the reservist battalions told the Israeli daily Ma'ariv. On Saturday, Israeli planes dropped thousands of leaflets warning of more fighting to come...

Author: /time Magazine | Title: In Fake Arab Town, Israeli Lawyers and Actors Prep for Real War | 1/11/2009 | See Source »

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