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...Walsh, though, can't afford to do nothing. Tumbling passenger numbers and a soaring fuel bill pushed BA to a pretax loss of $656 million in the 12 months leading to last April. The year before, BA made $1.5 billion. "The prolonged nature of the global downturn makes this the hardest trading environment we have ever faced," Walsh said as the results were announced in May, "with no immediate improvement visible...

Author: /time Magazine | Title: Why British Airways Is Asking Staff to Work for Free | 6/17/2009 | See Source »

...greats such as Andre Agassi think so. And yet. World No. 1 Rafael Nadal is in horse-racing terms Federer's "bug boy" - so called because of the "bug," or asterisk, that he places next to Federer's achievements. Federer has a 7-13 losing record against Nadal, including losses in five of the seven Grand Slam finals the pair have contested. Federer won the French Open without having to face the Spaniard, who suffered a shock defeat in the fourth round. And when he returns to Wimbledon's grass, his favorite surface, on June 22, he'll face memories...

Author: /time Magazine | Title: Greatest Hitter: Roger Federer | 6/17/2009 | See Source »

...basically tough talk [but] moderate action," says retired Navy rear admiral Stephen Pietropaoli, who now runs the nonprofit Navy League. "The alternative - forced boarding - would almost certainly lead to confrontation; possible loss of life; possible retaliation; and a high degree of likelihood that the North Koreans could sucker us into a confrontation over a load of Kewpie dolls or something equally nonthreatening." (See pictures of the suspected Syrian nuclear reactor allegedly built with the help of North Korea...

Author: /time Magazine | Title: Will Offshore Searches Slow North Korean Nukes? | 6/17/2009 | See Source »

...balance lately? Since the beginning of this decade, the stock market has been a money pit. At the market's nadir in early March, stock investors had lost more than 50% since March 2000, if you factored in inflation. Things have improved since then--to a mere 40% loss...

Author: /time Magazine | Title: Are Stocks Still Good for the Long Run? | 6/15/2009 | See Source »

...With the anticipated loss of Manas air base in Kyrgyzstan, the U.S. has again turned to Karimov's Uzbekistan for logistical assistance. Central Asia watchers in the U.S. say that part of the difficulty Washington now faces in the region stems from its own short-sightedness in engaging governments there. "The U.S. approach was one-dimensional," says Mankoff of the Council on Foreign Relations. "A lot of attention has been paid to cooperating with military and security forces at the expense of a broader relationship." The Obama administration has no dedicated Central Asia envoy nor is it willing to pursue...

Author: /time Magazine | Title: Could Central Asia Be the Next Flashpoint? | 6/15/2009 | See Source »

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