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...merger, slated for completion late next year, is simple. BA and Iberia - combined annual revenues: $22 billion - are chasing their rivals' tails. Germany's Lufthansa, Europe's second-largest airline, has picked up smaller carriers from Austria to Switzerland in recent months. Thanks to the 2004 merger of the French and Dutch airlines, Air France-KLM is even further out in front. Troubled Iberia and BA, which both announced ugly losses over the past week, reckon eliminating duplicate services from fleet maintenance to business class lounges will save the airlines $600 million a year. That'll mean "a strong European...

Author: /time Magazine | Title: Will the British Airways and Iberia Merger Lift Off? | 11/14/2009 | See Source »

...politicians desperate to win over vexed voters, it's a convenient notion. Indeed, French President Nicolas Sarkozy, suffering in polls almost as badly as Brown, has previously argued in favor of the tax. Look beyond that, though, and support for the measure starts to wane. The levy is "not something we're prepared to support," U.S. Treasury Secretary Timothy Geithner said in response to Brown's call. Officials from Russia, China and the European Central Bank also shied away from...

Author: /time Magazine | Title: Britain's Idea to Tax Financial Transactions | 11/13/2009 | See Source »

...moment during a history lecture freshman spring, however, convinced me that this cynical take required revision. In the midst of an involved foray into the thickets of semiotic schemata, the professor paused to question the class: Did we know that the French founder of structural anthropology was—remarkably—still alive? A rapid bout of mental math assuring us that this was in fact possible, the statement made quite an impact. In a sea of Saussures and Sartres, the mausoleum of dead white men that European intellectual history inevitably erects, the bespectacled ethnographer’s continued...

Author: By Jessica A. Sequeira | Title: One Hundred Years of Fortitude | 11/12/2009 | See Source »

...going to encourage change in traditional British wariness of Europe with the equally traditional French habit of speaking down to people as you give them lessons," de Sarnez says. "We must avoid creating long-term antagonism by airing short-term frustration, because history shows leaders of all kinds tend to be more pragmatic once elected to office, which we hope will be David Cameron's case if elected...

Author: /time Magazine | Title: France's Anglophile Leader Turns on Britain | 11/11/2009 | See Source »

...According to an annual survey released on Tuesday, incidents of shoplifting rose nearly 6% over the past year, representing nearly $115 billion in losses for businesses. One of the more surprising findings: a growing number of new shoplifters are outwardly reputable, middle-class people who are walking off with French cheeses, quality meats, cosmetics, mobile phones, clothing and other goodies that they feel they need to maintain a quality of life they can no longer afford. (See pictures of people shopping on Black Friday...

Author: /time Magazine | Title: Recession Sparks Global Shoplifting Spree | 11/11/2009 | See Source »

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