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...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 »

Maybe Harvard students today have too much else to do or too much to lose. Maybe we just have a stronger stomach for tyranny than our Revolutionary forefathers. The lack of hot breakfast glares as a public symbol that our administration is too careless and too calloused to even keep us fed, that they have hardly progressed since the 1700s. The UC has done nothing, between incendiary e-mails and media stunts for relevance, but found an “Idea Bank” as an “outlet” to silence our concerns. Most of us will...

Author: By Jeffrey J. Phaneuf | Title: Behold, Cold Breakfast Stinketh! | 12/16/2009 | See Source »

...terms of geography, Houston may be a city in the Old South, but its personality is a mix of Western frontier and Third World boomtown: dynamic, diverse, a place to make a fortune and lose one. Only 40% of greater Houston area residents live inside the Loop, the freeway that defines Houston's city limits, and only 1 million of the city's 2.2 million residents are registered voters. Many are immigrants who cannot vote. The key to winning any Houston mayoral race is coalition-building, and Parker's political career has been deliberate, "low risk" and "canny," according...

Author: /time Magazine | Title: What Houston's Gay Mayor Means for Texas | 12/16/2009 | See Source »

...Woods reaches Gatorade's core market, the sports fans who emulate their heroes. The ones who, as the company famously framed it in the early '90s, want to "be like Mike." If Tiger rebounds, a whole new generation of fans will want to be like Tiger. Gatorade can't lose them...

Author: /time Magazine | Title: Tiger Woods' Sponsors: Will Any Stick by Him? | 12/16/2009 | See Source »

...clock is ticking for reconciliation. In April, dove-ish Turkish Cypriot leader Mehmet Ali Talat is up for re-election. If peace talks with Greek Cypriot President Demetris Christofias fail to produce any substantive development by then, he is likely to lose to a hard-liner opposed to negotiations. That could close the door indefinitely on what observers agree is the island's latest and best shot at peace in three decades...

Author: /time Magazine | Title: Missing Corpse Clouds Cyprus Peace Process | 12/16/2009 | See Source »

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