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The latest offer, which had the blessing of Berlusconi, who's back in power, came from a consortium of Italian businessmen ready to invest up to one billion euros in the more profitable sectors of the company. (The money-losing units would file for bankruptcy protection.) But after unions rejected...

Author: /time Magazine | Title: What if Alitalia Fails? | 9/22/2008 | See Source »

The other convention in Minneapolis had its own eyebrow-raising moments. You may think equating opposition to a war with some fanciful will to surrender is a trick so old it must be collecting dust away from the top levels of American politics. If so, Senator Lindsey Graham proved you...

Author: By Jan Zilinsky | Title: Truth on a Diet | 9/21/2008 | See Source »

The problem with the Putnam fund, which was sold only to institutional investors (such as pensions funds and insurance companies), wasn't that it was losing value but rather that so much money was being withdrawn. The fund was going to be forced to dump a big block of its...

Author: /time Magazine | Title: Feds Back Money Markets: Is Your Fund Safe? | 9/19/2008 | See Source »

Strache's supporters are enthusiastic. "Patriotism is very important for me," says one, who gave his name as Geza, a 24-year-old law student. "It is the basis for tackling all other issues." Geza worries that "we are losing our national sovereignty." Of Strache he says: "He speaks to...

Author: /time Magazine | Title: Austria's Far Right on the Rise | 9/19/2008 | See Source »

Economic gloom is the trademark of most newspaper headlines as of late. Oil prices rise and fall, but bear bad omens either way. The housing market continues to deflate. And in the midst of it all, a number of Wall Street’s most venerable institutions are disintegrating. No...

Author: By The Crimson Staff | Title: A Worthy Rescue | 9/18/2008 | See Source »

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