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...Revenue for the company's fiscal third quarter, which ended on March 31, fell 6% to $13.65 billion. Operating income was $4.4 billion, so Microsoft's software businesses still produces tremendous margins. The company blamed the weakness in the global PC and server markets for most of its troubles. The only really good news Microsoft had is that the latest versions of its flagship product, called Windows 7, will launch on time next year. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Microsoft Follows in the Footsteps of McDonald's and Wal-Mart | 4/24/2009 | See Source »

...federal racketeering charges. Sheriff Wiles, a Democrat, believes that this attention to localized border strategies is deepening under the Obama Administration and Napolitano, who was governor of Arizona, a border state. "Our input is more of a priority now," he says. Before unveiling its new border-security plan in March, the Administration held conference calls with local law chiefs like Wiles. Until this year, the El Paso region had only seven agents from the Bureau of Alcohol, Tobacco, Firearms and Explosives to interdict weapons-smuggling. Under the Administration's new plan, it could have as many...

Author: /time Magazine | Title: On the Bloody Border: Mexico's Drug Wars | 4/23/2009 | See Source »

Still, until Juárez's crisis finally lifts, there are plenty in El Paso who will demand more and "weigh in on national policy," as O'Rourke, the city-council member, puts it. Talk of legalizing marijuana is growing; the U.N. Commission on Narcotic Drugs in March heard prominent drug researchers argue that cannabis should be sold legally and taxed like tobacco. Ernesto Zedillo and César Gaviria, former Presidents of Mexico and Colombia, respectively, have said the same. And Mexico's Congress is again debating decriminalization of marijuana use, after backing off the issue a few years ago under...

Author: /time Magazine | Title: On the Bloody Border: Mexico's Drug Wars | 4/23/2009 | See Source »

...first-quarter profits weren't entirely imaginary. As we look ahead, banks really are in a position to make money. "This is a great time to be in banking, you know," said Warren Buffett - who owns shares in Wells Fargo and Goldman Sachs - on CNBC back in March. "If you just get past the past." (See the best business deals...

Author: /time Magazine | Title: Hooray for Boring Banks | 4/23/2009 | See Source »

...knocking at the doors of Islamabad," Maulana Fazlur Rehman, head of one of the country's Islamic political parties, warned in Parliament Wednesday. Rehman said the Margalla Hills, a small mountain range north of the capital that separates it from Buner, appears to be "the only hurdle in their march toward the federal capital," The only solution, he said, was for the entire nation to accept Shari'a law in order to deprive the Taliban of their principal cause...

Author: /time Magazine | Title: Taliban Advance: Is Pakistan Nearing Collapse? | 4/23/2009 | See Source »

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