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...Italy, there was a mix of relief and anger. Labor unions, which struck as recently as last Wednesday, have virulently opposed the new consortium, which has trimmed the 20,000 work force by some 3,000, and cut pay and benefits to those employees who remain. Unions say that joining up with Air France is essentially the death knell for the Italian carrier. More labor unrest is expected. But many ordinary Italians will finally be satisfied that an apparently viable solution had been found to avoid more public investment or outright failure of the national carrier...

Author: /time Magazine | Title: Why Air France-KLM Bought 25% of Alitalia | 1/12/2009 | See Source »

...Continuously stir the custard mix over medium-high heat with a wooden spoon until the custard no longer looks watery when a finger is drawn across the back of the spoon...

Author: /time Magazine | Title: 5 Recipes for Bacon Desserts | 1/9/2009 | See Source »

...limits. Economists have neglected the subject for so long that their theories of how stimulus works are shockingly underdeveloped. Many of the arguments they make for one proposal or another are the product not so much of economics as of common sense, guesswork and ideology. The motley mix of tax cuts for families and business, aid to states, infrastructure spending, health-care spending and alternative-energy investment that constitutes Obama's stimulus plan is partly the product of campaign promises and political compromises. But it's also a good reflection of the current muddled state of economic thinking on stimulus...

Author: /time Magazine | Title: Will Obama's Stimulus Package Work? | 1/9/2009 | See Source »

...right mix? Who knows? But if it's any solace, the intellectual godfather of all economic-stimulus plans, economist John Maynard Keynes, didn't think the specific content mattered all that much. It would be better to do something "sensible" with the money, he wrote in the 1930s. But the economy would still be helped if government simply chose to "fill old bottles with banknotes, bury them at suitable depths in disused coal mines, which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire...

Author: /time Magazine | Title: Will Obama's Stimulus Package Work? | 1/9/2009 | See Source »

...pilgrimage to the birthplace of his faith. Such was the case in 1964 when Pope Paul VI visited holy sites on the first papal journey to Israel, long before the Vatican and the Jewish state had established diplomatic relations. When John Paul II went in 2000, it was a mix of pilgrimage and politics, with an inevitable emphasis on interreligious relations...

Author: /time Magazine | Title: Will the Pope Cancel His Holy Land Trip? | 1/9/2009 | See Source »

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