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...Aircraft analyst Richard L. Aboulafia of Teal Group has called the A380 "the worst product launch decision since New Coke." The A380 was born in a hub-and-spoke world where flights between countries were regulated. Now, airlines are freer to go point-to-point, avoiding the major hubs - and making 800-passenger megajets less necessary. (Emirates, the first to fly the A380 into New York City, quietly withdrew the plane from its JFK flights...
Gasparino is one of the Street's war correspondents and at his best when describing the fall of Lehman. It's the key battle, in a sense, since Lehman was a major force behind the subprime-mortgage bonds that were the culprits in the collapse. Gasparino is particularly good at capturing--via the profane, telling quote--the high-noon drama of the meltdown. When Morgan Stanley CEO John Mack tells Lehman boss Dick Fuld, "There are rumors that you guys are in trouble," Fuld, the "Gorilla of Wall Street," answers with tough-guy bravado, "It's bullshit." Lehman's stock...
...Fort Dix Six, we've relentlessly analyzed whether these men are so-called homegrown terrorists. But we've been looking at these cases through the same microscope, always asking the same question: Were these men infected by exotic terrorists from abroad? Which is why the tragic actions of Major Nidal Malik Hasan present a different model. What if the infection happens from within? Is that still terrorism--or is it more like insanity? Or something we can't even name? In Nancy Gibbs' moving and provocative cover essay on the Fort Hood massacre, she poses the new questions we need...
Addressing 100 students blocking a parking garage driveway defended by eight visored police with billy clubs, UCLA Sophomore Chiemela Okwandu told the crowd, "This is our university. We can sleep here if we want." Speaking to TIME, Okwandu said the $2,500 tuition increase will be a major problem for many students. "Some of my friends won't be here next quarter. Before it was a question of how smart you were. Now, it's do you have enough money to pay for school." Veronica Hernandez, who grew up in East LA and attends UC Riverside, said, "It took...
Amid signs reading "RIP Affordable Education" and "California #1 in Prison Spending, #48 in Education," Emily Bischof, a fourth year geography and environmental studies major at UCLA said the cuts are significant. "Upper division classes that once had 30 students now have 80 or 100 students and there are no teaching assistants. Professors are giving true-false, multiple choice Scantron exams." Nicole Garner, a fourth year at UC Riverside, blames the state's famous tax revolt for the university's financial troubles. "Proposition 13 has to go," Garner said...