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...Alitalia is losing much more than its artwork. On Monday afternoon, the board of Air France-KLM approved a deal to acquire a 25% stake in the Italian carrier for $414 million. Linking up with another major foreign airline was widely considered the only way that Alitalia could survive following years of cost overruns, labor unrest and political meddling that has led to more than $3 billion in state aid since 1998. (See pictures from Italy...

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

...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 »

...official from Harvard’s Italian program said that the College Board’s decision to cut the Advanced Placement Italian exam starting next year might reduce the number of undergraduates pursuing citations, secondary fields, and concentrations in the language. Elvira G. DiFabio, the Italian program’s director of undergraduate studies, said the College Board’s decision was “really unfortunate” because AP Italian allows “more freshmen into the advanced classes” and “may even lead them to consider a concentration...

Author: By Melody Y. Hu, CRIMSON STAFF WRITER | Title: Italian Program Frets Lack of AP Exam | 1/11/2009 | See Source »

...symphonie pastorale, from the André Gide novel, in 1946; the following decade, his precise dramas became the butt of young turks like Truffaut and Jean-Luc Godard who formed France's New Wave. Back when the international audience got much of its fun, sex and sentiment from Italian movies, Dino Risi, 91, provided robust entertainment in many genres. Among his 80-some features were 17 starring Vittorio Gassman, most prominently the cynical social fable Il Sorpasso / The Easy Life and the blind-officer-on-a-toot drama Profuma di Donna / Scent of a Woman, remade in Hollywood with...

Author: /time Magazine | Title: Richard Corliss's 2008 Entertainment Death Reel | 1/10/2009 | See Source »

...from one typist to some departed others, I write farewell to Malvin Wald, 90, whose script for the 1948 The Naked City served as basis for hundreds of police procedurals (and the excellent TV series); to Ennio De Concini, 84, a screenwriter for nearly 60 years in the Italian film industry, and an Oscar-winner for the sublimely misanthropic Divorce Italian Style; and to Golden Age TV dramatists Abby Mann, 80 (Judgment at Nuremberg), William Gibson, 94 (The Miracle Worker) and Tad Mosel, 86, who later wrote Up the Down Staircase for director Robert Mulligan, and whose Broadway adaptation...

Author: /time Magazine | Title: Richard Corliss's 2008 Entertainment Death Reel | 1/10/2009 | See Source »

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