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...failed 2007 bid to win a Philippines Congressional seat, he lost to incumbent Rep. Darlene Antonino-Custodio by nearly 37,000 votes. His decision to run had turned off many Filipinos, with analysts predicting politics could destroy his boxing career. His fans celebrated the loss, calling it a victory for boxing. Pacquiao says he will retire from boxing in 2009 and run in the Philippine general election of 2010 with his eye on a different congressional seat...

Author: /time Magazine | Title: Boxing Champ Manny Pacquiao | 5/5/2009 | See Source »

...This loss may be devastating for Manny, but the whole boxing world is rejoicing. This ensures that there will be a true boxing superstar to look up to in the next three years at least. To the electorate of the 1st district of South Cotabato... thank you!" - Anonymous fan commenting on Pacquiao's Website, following his election loss (Philippines Daily Inquirer...

Author: /time Magazine | Title: Boxing Champ Manny Pacquiao | 5/5/2009 | See Source »

That may sound dramatic but consider this: in 2008, Italy's tourism revenues fell by 5%, the first drop in seven years. The slump has already translated into a loss of $5.2 billion and at least 150,000 jobs...

Author: /time Magazine | Title: Vacation Blues as Tourists Stay at Home | 5/4/2009 | See Source »

...since I joined it under Reagan's big tent," new Democrat Arlen Specter lamented on Sunday on NBC's Meet the Press. Also on Sunday, Maine Senator Olympia Snowe, one of two remaining Northeastern GOP moderates in Congress, wrote in a New York Times op-ed that Specter's loss, eight years after the defection of Vermont Senator Jim Jeffords, shows how little the party has heeded the warning signs. "There is no plausible scenario under which Republicans can grow into a majority while shrinking our ideological confines and continuing to retract into a regional party," Snowe wrote. "Ideological purity...

Author: /time Magazine | Title: The GOP Plans a Rebirth, with Pepperoni and Protests | 5/4/2009 | See Source »

...entire collection has been tainted because copies are not labeled. This acceptance of copying has helped devalue Vietnamese art, since collectors are never sure if they are buying the real thing. Tiep accuses the museum of failing to properly display and preserve its collection, resulting in irrevocable damage and loss. "I have had to swallow my tears," says Tiep, who resigned as deputy director two years ago to protest what he claims is mismanagement. "We have a duty to raise our voices...

Author: /time Magazine | Title: Copied Paintings Plague Vietnam's Museum | 5/4/2009 | See Source »

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