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...Also named by Le Figero: Thierry Breton, who prior to last June's legislative elections served as Economy Minister for the last conservative government. Breton is described in the AMF finding as having received a memo from an unidentified source in December 2005, warning EADS would be entering "a zone of turbulence." The memo to Breton also purportedly urged the French government to lower its 15% stake in the group before flying got rough for EADS, which would allow the state to "profit from the current value of shares, which incorporates only the good news of the last financial year...

Author: /time Magazine | Title: Insider Trading Charges Rock Airbus | 10/4/2007 | See Source »

...switches that could have doomed the aircraft surfaced in June. In March the Government Accountability Office warned that V-22s are rolling off the production line in Amarillo, Texas, and being accepted by the Marines "with numerous deviations and waivers," including "several potentially serious defects." An internal Marine memo warned in June that serious and persistent reliability issues could "significantly" reduce the aircraft's anticipated role in Iraq. V-22s built before 2005, the report said, are fully ready to fly only 35% of the time, while newer models, like those in Iraq, are 62% ready. But "sustained high-tempo...

Author: /time Magazine | Title: V-22 Osprey: A Flying Shame | 9/26/2007 | See Source »

Every day in Washington, President Bush gets multiple briefings on Iraq: a military update at 7 a.m., an intelligence report after that, political briefings through the day and finally a memo from his staff before he goes to bed. But during his recent surprise visit to al-Asad air base in the middle of Iraq's Anbar province, the President got an altogether different kind of report. In a concrete building sheltered from the 110°F (45°C) heat outside, Captain Lee Hemming, a Marine Cobra helicopter pilot, stood nervously opposite his Commander in Chief and a phalanx of fellow...

Author: /time Magazine | Title: Iraq: Reality Check in The Desert | 9/6/2007 | See Source »

...Already, cracks are surfacing in operator relations. Earlier this week, a memo from pan-European carrier Orange that was leaked to the press complained that the combination of the Nokia link and Orange's existing music service on the same phone could confuse customers. Orange does not deny the contents of the memo, but declined to elaborate on it, except to say in a carefully worded statement that it is testing the N81 and has not yet committed...

Author: /time Magazine | Title: Nokia to Take on Apple at its Own Game | 9/3/2007 | See Source »

...Bush gets briefings on Iraq from his advisors. He gets intelligence reports first thing in the morning from his Director of National Intelligence. He gets updates from his National Security Advisor Stephen Hadley and his Iraq czar Gen. Douglas Lute. He even gets a nightly three- to four-page memo on Iraq from his staff at the National Security Council...

Author: /time Magazine | Title: Bush Gets a New Kind of Iraq Briefing | 9/3/2007 | See Source »

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