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Over the past few days, the German luxury automaker Porsche has moved into high gear with the launch of its latest model, the Panamera, a 4-door, 4-seater sedan that it hopes will reverse flagging sales and maintain its status as the world's most profitable auto maker. But even as the motoring press descends on Stuttgart to test drive the new car, the Panamera launch is being overshadowed by a bizarre feud in the company's founding family that is starting to damage both Porsche and its sister company...

Author: /time Magazine | Title: Why VW and Porsche are On a Collision Course | 7/2/2009 | See Source »

...voice recorder and the flight data recorder. They can withstand temperatures up to 2,000°F and impact forces up to 100 Gs. (A G is equal to the force of the earth's gravity.) They track pilots' conversations, engine noises, air-traffic-control commands, fuel levels, landing-gear extension and retraction and dozens of other clicks and pops that might offer insights about a plane's final moments. The boxes are made out of quarter-inch-thick panels of stainless steel. And in case you're wondering, an entire airplane can't be made out of the same...

Author: /time Magazine | Title: Black Boxes | 7/2/2009 | See Source »

...streets, often setting up roadblocks to check cars and detain people they consider suspect. They have also been brought in as reinforcements for the police in dealing with demonstrators. Although they are an official subdivision of the Islamic Republic Revolutionary Guards Corps and are decked out with crowd-control gear as well as small weapons in some cases, they are barely held accountable for their deeds and are freer in meting out violence. The majority of recent deaths of protesters are thought to have been carried out by Basijis...

Author: /time Magazine | Title: Which State Security Branch Rules Tehran's Streets? | 6/28/2009 | See Source »

...Things would get worse. With sponsors turned off by Jackson's private life - Pepsi and sneaker brand LA Gear, for instance, had backed him - he further lost control of his finances. Duff investments and a divorce settlement with Lisa Marie Presley helped push Jackson to increasingly use his earnings from music as collateral for loans, first from Bank of America (BoA), before Fortress Investment Group, a specialist in distressed debt, took the loans off BoA's hands. By the mid-2000s, Jackson was believed to be $270 million in debt. (See Thriller's entry on the All-TIME 100 Albums...

Author: /time Magazine | Title: What Happened to Michael Jackson's Millions? | 6/26/2009 | See Source »

...victims, it showed three badly injured young men who looked like Basijis. One of them said, "I was beaten to a pulp just because I wear a beard." Mourning the Basij as victims is one of state television's greatest distortions of truth. Legally unaccountable and equipped with police gear like shields, batons and, in some cases, Colts, the Basij have not held back in their violence against demonstrators. (Read about how one woman's death may have widespread consequences...

Author: /time Magazine | Title: Forbidden Iran: How to Report When You're Banned | 6/22/2009 | See Source »

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