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Meanwhile, unions continue to hold sway over a critical bloc of leftist politicians who say the singular priority is to limit job cuts to a minimum. At the same time, there is another sideshow: leaders from the North and from Rome are fighting with each other over whether to keep Milan's Malpensa airport as the key international hub for the airline, or return that role to Rome's Fiumicino...

Author: /time Magazine | Title: The Crack of Doom for Alitalia | 4/4/2008 | See Source »

...furnish Jay-Z, born Shawn Carter, with $5 million in seed money annually for his own label, publishing arm and management company, with significantly more funds available for future acquisitions and expansion. He will also receive a $25 million upfront payment and $10 million per album for a minimum of three albums over the next decade...

Author: /time Magazine | Title: Jay-Z: Music's $150 Million Man | 4/3/2008 | See Source »

...injected another kind of novelty into the region: stock fever. The newspapers were filled with ads offering loans - usually with exorbitant interest rates - to help Kenyans buy shares. Poor people who didn't even have bank accounts complained about a minimum investment requirement of 10,000 shillings (just over $150). And on the first day of the IPO, thousands of people lined up in downtown Nairobi to snap up shares. It was perhaps most emblematic that one Kenyan newspaper the Daily Nation, referred to potential investors as "punters," as if by buying Safaricom shares they were betting on a racehorse...

Author: /time Magazine | Title: Kenya's Mobile Gold Mine | 4/2/2008 | See Source »

...that this war has largely been fought by a victim class whose motives for joining the military are rarely noble or exemplary. These are people for whom the military - with its enlistment bonuses, its promises of health, educational and even travel benefits - represents their best chance to escape a minimum-wage life. It is a measure of their desperation that they are willing to risk their lives to claim these boons. It is a measure of their dutifulness that they often evoke a certain patriotism to rationalize their choice. There is nothing ignoble about this deal and there is nothing...

Author: /time Magazine | Title: Stop-Loss Tells a Painfully Necessary Story | 3/28/2008 | See Source »

...doesn't include college costs in its estimates, since it covers kids only up to age 18, it should take into account the amount of money parents need to save in order to eventually afford those $50,000 tuition bills. Most financial advisers urge parents to set aside a minimum of $1,000 per child a month, which alone would nearly double the government's total childrearing estimate...

Author: /time Magazine | Title: Million-Dollar Babies | 3/28/2008 | See Source »

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