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...Alitalia is losing much more than its artwork. On Monday afternoon, the board of Air France-KLM approved a deal to acquire a 25% stake in the Italian carrier for $414 million. Linking up with another major foreign airline was widely considered the only way that Alitalia could survive following years of cost overruns, labor unrest and political meddling that has led to more than $3 billion in state aid since 1998. (See pictures from Italy...
...France-KLM a big say in decision-making at Alitalia and greater access to Italian routes, which are ripe with potential for both international and domestic travelers. Unlike most other European countries, Italy's geography (1,350 kilometers (840 miles) north-south from Turin to Reggio Calabria, and two major islands) fuels steady national flights. Despite the current worldwide economic crisis, Italy also remains a destination for tourists as well as the families of Italian emigrants and their descendants around the world...
...idea that allowing students to hide specific SAT scores is advantageous is fundamentally incorrect. A major upside of requiring students to report all of their scores is that this dissuades students from retaking the test an excessive number of times. Presumably the College Board has been operating from the same misimpression as Harvard College Dean of Admissions William Fitzsimmons, who endorsed the new policy when he told the New York Times, “Score Choice will help defuse some of the pressure and give students a sense that not everything is riding on the tests, which really...
That's because, even putting aside climate change-accelerating carbon dioxide, coal remains a highly polluting source of electricity that has serious impacts on human health, especially among those who live near major plants. Take coal ash, a solid byproduct of burned coal. A draft report last year by the Environmental Protection Agency (EPA) found that the ash contains significant levels of carcinogens, and that the concentration of arsenic in ash, should it contaminate drinking water, could increase cancer risks by several hundred times. A 2006 report by the National Research Council had similar findings. "This is hazardous waste...
...took a hiatus from her work at McKinsey from 1997 to 2000 to serve as Assistant Secretary of the Treasury in the Clinton Administration, where she led a major modernization of the Internal Revenue Service. Clinton later appointed her to the IRS Oversight Board...