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...long-term revenue is typical in the sports business and crucial to spending during a downturn. Besides the broadcast deal, by far the world's biggest with a single sports club, Madrid has another season left in its three-year shirt-sponsorship contract with online betting company bwin, and kit sponsor Adidas is signed up until 2012. Although commercial revenue dipped as a share of Madrid's takings in 2007-08 - the departure of Englishman David Beckham, who helped increase merchandise profits 137% during his four years with the club, had a lot to do with that - the signing...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

Camping Starter Kit. If you want to commune with nature, say, on a wooded island off the coast of Washington State, but really aren't sure how to get started, try Lakedale Resort's pre-packaged camping trip. You'll get a 7-foot-by-9-foot dome tent that sleeps four, plus two sleeping bags and pillows, a double air mattress, a cooler, two aluminum mess kits, flashlights and folding chairs, plus a $10 voucher to the General Store. Rates start at $299 for two people for two nights at one of the Resort's lakeside campsites. You even...

Author: /time Magazine | Title: Quintessential Summer: 8 Outdoor Getaways | 6/9/2009 | See Source »

...What about your clothes? After my wife cleans them, [cancer charity] Marie Curie will auction them. The kit represents the first human to have crossed both ice caps and scaled the highest mountain, which I am particularly pleased with because there is a French man and a Norwegian, both of whom have also crossed the ice caps and both of whom were intending to be the first to do Everest as well. Now that remains a U.K. record...

Author: /time Magazine | Title: Sir Ranulph Fiennes | 5/28/2009 | See Source »

...aren't ready to declare a new era in relations with the U.S. "I think it's evidence of a broader approach," says Zhu. "For Hillary Clinton and Nancy Pelosi, the human-rights tool remains on the table, but this time they pick up another one from the tool kit. I don't think their deliberate silence over the human-rights controversies between two countries means that now human-rights differences are truly fading away. The stipulation is when it will be coming back...

Author: /time Magazine | Title: Pelosi Avoids Human Rights on China Visit | 5/27/2009 | See Source »

...stress tests on their banks. And there are hints from the Federal Reserve that at least some aspects of the stress tests will become part of the ongoing regulatory system. Fed Chairman Ben Bernanke has said that the stress tests were "an enlightening exercise that will improve the tool kit we use to help ensure the safety and soundness not just of individual firms but of the financial system more broadly...

Author: /time Magazine | Title: Is It Time to Plan Another Round of Stress Tests? | 5/18/2009 | See Source »

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