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...private equity partner are willing to offer JAL $1.4 billion. Delta, the world's largest airline operator, has offered $1 billion. JAL aimed to make the decision between American or Delta by the end of the month, but Transport Minister Maehara has said the decision will be delayed. Neither airline will be allowed to invest in JAL until new management is in place in February...
...lites but also desperate to earn their approval. The assiduousness with which they sought it can be seen in two iconic works by Filipino artists Juan Luna and Félix Resurrección Hidalgo, who together swept the top prizes at a prestigious Madrid art exposition in 1884. Neither painting bears any trace of indigenous technique; instead they demonstrate the skill with which the Filipinos absorbed the traditions of post-Renaissance Europe and, albeit timidly, began to subvert them. (Read "The Rise and Rise of Asian...
...weren't they connected? One reason: there are too many dots. The NCTC's 300 analysts sort through thousands of reports a day. "Nobody's denying that the information [about Abdulmutallab] was out there, but there was lots of other information too," says an intelligence official who asked that neither he nor his agency be named. "And lots of the information is vague and doesn't rise to the level [of alarm...
With so many legislators indicted in the most sweeping Pennsylvania political scandal in decades, Bonusgate has left a yawning power vacuum in the 253-seat General Assembly, with neither the governor nor party leaders able to take charge of key legislation. The most striking example was the bruising fight over the new state budget, which dragged on more than 100 days past its deadline. The budget finally passed in October left nobody satisfied, balancing the books by cutting state services, raising several taxes, opening state park land to gas drilling and greatly expanding the state's controversial gambling...
...Foreign Minister would not create problems for Israel were once more shown to be mistaken," a senior Israeli official speaking on condition of anonymity told TIME. "It was a disgrace to us all as Israelis." The Israel-Turkey relationship looks likely to absorb this week's contretemps, with neither side looking to escalate. On both sides, the strategic ties are driven by mutual national interests that trump internal politics...