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...million euros a day. That's the amount of money Alitalia, Italy's national airline, is now hemorrhaging. That nice (or, rather, nasty) round figure succinctly quantifies just how dire the carrier's crisis has become. Alitalia's troubles are nothing new, of course, as the government-controlled company tallied some three billion euros in net losses between 1999-2006, becoming a running joke among industry insiders and a mounting burden on Italian taxpayers. Last fall, Prime Minister Romano Prodi declared the situation at Alitalia "out of control," and vowed to personally lead the search for a solution. But when...

Author: /time Magazine | Title: Desperation Grows At Ailing Alitalia | 8/31/2007 | See Source »

...Several people I consulted told me I would be taxed on this. But that was a fraction of the decision to sell the ball. I originally wanted to keep it. But you have to have a nice house with a big living room and a trophy case to put the ball in. You need a very large and expensive security system, because it'll be gone the next...

Author: /time Magazine | Title: The Man Who'll Cash In on Bonds | 8/29/2007 | See Source »

...political world ... all the rough edges of life are sanded away," Elizabeth Edwards writes in a poignant new chapter of her book Saving Graces. "But the exercise of sanding away the edges has always been a waste of time." Wouldn't it be nice if that were true? Sadly, sanding away the edges remains a political necessity because opponents will grab at anything to pull a candidate off course. Even a diagnosis of cancer. The Edwardses know that some people were put off by their decision to continue the campaign despite her cancer's recurrence, that he is accused...

Author: /time Magazine | Title: John Edwards Bets the Farm | 8/29/2007 | See Source »

...Obama would say his strength is bringing people together to reach a political compromise. My distinction from both of them is I'm not part of that system"-a hard argument for a former Senator and vice-presidential candidate to make. "I don't think you can nice your way through this...

Author: /time Magazine | Title: John Edwards Bets the Farm | 8/29/2007 | See Source »

...would say Graham is not a nice guy, but hagiography does little justice to history. As an evangelist, Graham helped swell the ranks of those vulnerable to political propaganda and right-wing ideology. In the wars his President pals waged, he stood right by their side, lending his prestige to their policies. He has helped lead the nation toward theocracy and abolishment of the constitutional separation of church and state. Perhaps more dangerous than any other encouragement of hubris, Graham has provided a model for President George W. Bush's belief that God directs his every move...

Author: /time Magazine | Title: Inbox: Sep. 3, 2007 | 8/28/2007 | See Source »

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