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...only one of them, and on Dec. 18, Qantas and BA said talks had come to an end after the airlines failed to agree on "key terms" of a deal. One of the problems in Europe is that few airlines - Ryanair and Lufthansa are exceptions - have enough cash on hand to simply buy smaller rivals...

Author: /time Magazine | Title: In the Downturn, Europe's Airlines Scramble to Merge | 12/18/2008 | See Source »

...hurt you too.'" It can be particularly unnerving treating wounded criminals with their friends and relatives standing by. "I have had these guys threatening to kill me unless I save the man's life," he says. "It's sad to think we could lose our lives at the hand of these narcos...

Author: /time Magazine | Title: Postcard from Culiacán | 12/17/2008 | See Source »

Danger-seeking was so popular that somehow pirates came back. Someone gave Don Imus a radio job. When investment banks crumbled, we decided to hand over $700 billion to Henry Paulson, who used to run an investment bank. It was the kind of year when a famous football player could think, Sure, I've drunk a lot and have a loaded gun in my pants, but the music in this club makes me want to put my hands in my pockets and dance...

Author: /time Magazine | Title: The Year of Living Stupidly | 12/17/2008 | See Source »

...wasn't taking risks? The banks. When the government gave them money to get them lending again, they pretended that they would hand it out as per the agreed-upon rules, and when no one was looking, they smartly held on to all of it, which we all know is the only real way to win Monopoly...

Author: /time Magazine | Title: The Year of Living Stupidly | 12/17/2008 | See Source »

From the beginning of the recent Mumbai massacre, Indians in India and abroad never doubted Pakistan's hand in the ghastly attacks [Dec. 15]. President Richard Nixon's famous "tilt" toward Pakistan, decades of American support for Pakistan's military dictators and America's turning a blind eye to Pakistan's involvement in a long series of terrorist activities against India have all borne their fruit in the past decade in the form of worldwide Islamic terrorism. These dreadful attacks will continue unless international pressure is brought to bear on Pakistan's elected government to bring its military under control...

Author: /time Magazine | Title: Inbox | 12/17/2008 | See Source »

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