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...Just ask English club West Ham United. Asset-management company CB Holding took over the East London club earlier this week, after its Icelandic owner and chairman Bjorgolfur Gudmundsson lost his trousers in the credit crunch. Iceland's Straumur Bank, CB Holding's major shareholder, is itself in the midst of restructuring after being bailed out by the Icelandic government in March. In Spain, once mighty Valencia is effectively controlled these days by local lender Bancaja, its major creditor, after hapless management and a soured stadium-development plan left the club about $725 million in debt. (See pictures...
...Federer now has only one rival: Rod Laver, the Australian star who not only won all four Slams, but twice did so in a calendar year (in 1962 and 1969). Laver's total of 11 Grand Slam titles could have been higher had he not been forced out of major events from 1963 to 1968, when Slams were open only to amateurs. Now 70, Laver spoke to TIME from his home in California...
...drive or in an accompanying CD," leaving open the question of whether hardware makers could simply ship copies of the program with computers to fulfill their responsibilities, without having to go through the more onerous and expensive process of loading the software on every machine shipped in China. While major computer manufacturers such as Lenovo and Hewlett-Packard told reporters they are seeking more information and working with the government, there were signs of possible opposition from the industry. A spokesman for software giant Microsoft told AFP that, while the company believes "the availability of appropriate parental control tools...
Whomever comes out on top will face an uphill battle. McDonnell, who had no primary fight to contend with, has a $4.9 million war chest and is already leading all three Democratic candidates in polls. As Republicans try to regroup in the face of major losses in the last two cycles on all levels of government, it seems they are making their first stand here in Virginia. "Right now the stars seemed aligned right for the Republicans. Since the Jimmy Carter era, when one party wins the White House the other party wins the Virginia governor's race the following...
...Captain. Lake Powell, a 186-mile-long reservoir in Glen Canyon National Recreation Area, spans the border of Utah and Arizona and offers fishing, beaches and dramatic views of the red rocks. The major activity here, of course, is boating. The Great Lake Powell Water Adventure gets you two nights' lodging for two (either at a hotel or an RV/campground), breakfast and full-day use of a 19-foot power boat to explore canyons and alcoves. Rates start at $515 for two nights, through October 31. If you'd prefer to leave the skippering to someone else, try the Rainbow...