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...March 27, the consortium of banks approved the loan by the narrowest of margins - 50.43%. It proved to be the first step in putting CityCenter back in business. Had it gone under, Murren says, it's "very possible" MGM Mirage would have been brought down too. And the financially reeling state of Nevada, which received so much of its revenue from gaming, would be in "a tremendously damaged position, more so than even we had been this year." Murren calls it the most challenging time of his life - "Had I known we would have survived, I might have enjoyed...

Author: /time Magazine | Title: How Las Vegas' Opulent CityCenter Survived Dubai | 12/19/2009 | See Source »

...critics of Calderón's military approach to the drug war are dubious about whether the dramatic killing will actually help reduce the wanton trafficking and violence in Mexico. "The Beard" may be gone, but he could simply be replaced by one of his even more bloodthirsty lieutenants. There is also concern that the killing may just strengthen the other five cartels vying for power in Mexico. "If this was a conventional war, then this killing of a key general would be a clear victory," says historian and pundit Jose Antonio Crespo. "But in the drug war, this slaying...

Author: /time Magazine | Title: Mexico Takes Down a Drug Lord. But Will It Make Any Difference? | 12/18/2009 | See Source »

...Little wonder. Industrial action could have cost Europe's third biggest airline as much as $50 million each day had the strike gone ahead as planned on Dec. 22. That's cash - and cachet - the struggling carrier can ill-afford to lose. Tumbling first-class passenger numbers and a ballooning fuel bill left the airline with a $656 million pretax loss in the 12 months ending March 31. It lost plenty more in the first half of this year too. The airline's $6 billion pension deficit, meanwhile, is among the biggest...

Author: /time Magazine | Title: Brits Get Some Holiday Cheer: No British Air Strike | 12/17/2009 | See Source »

...told her. Before that, he had waited more than six months for a job. "That's how it always is," she says. "Only once in a while by chance they'll get a call about some one-off job. And they take what they can get. Once he was gone for three months and came back with only $50; other times it's more. Then he waits around again." She said he had never the other crew members, all Kazakhs, before he left in early December for Kiev, where the flight is believed to have originated. (See pictures of Russians...

Author: /time Magazine | Title: New Job for Ex-Soviet Pilots: Arms Trafficking | 12/17/2009 | See Source »

Find out more about this New-Jersey-gone-New-Haven episode after the jump...

Author: By Naveen N. Srivatsa, CRIMSON STAFF WRITER | Title: Princeton kids fight. With their hands. | 12/16/2009 | See Source »

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