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...equity company Terra Firma acquired the firm for $6.5 billion last August. The new owner has been quick to make its mark: earlier this year EMI announced it was axing as many as 2,000 jobs in a bid to pare costs by $400 million a year. But the overhaul is not just a matter of numbers, says Guy Hands, ceo of Terra Firma and chairman of EMI: "What we are saying to artists is: The current model is broken. Unless we find a new model, new music is dead...

Author: /time Magazine | Title: The Music Industry: Lost in the Shuffle | 3/19/2008 | See Source »

...this for the AKP, it is that Turkey's political balance is delicate and to enact change requires coalition-builders, not bulldozers - even with 47% of the vote. Erdogan might learn to rein in his famous temper and accomodate critics. For instance, he abandoned a much-needed reform to overhaul the constitution, a leftover from a 1980 military coup, in favor of a one-off amendment to lift the ban on headscarves in universities. "If Erdogan stuck to his original steps, like joining Europe and integrating with the global economy, he wouldn't have been faced with this court case...

Author: /time Magazine | Title: Ban Sought on Turkey Rulers | 3/16/2008 | See Source »

...with the latest technology. Instead it offered men and women advice on neck tucks, butt lifts, hand makeovers and earlobe repairs. Aging is inevitable--why deny it? What happened to getting and keeping a job because you are good at it? It is our values that need a serious overhaul. Linda Bender, RIVERTON...

Author: /time Magazine | Title: Inbox | 3/13/2008 | See Source »

...Harvard, student opinion of the campus wide housing overhaul is divided. While some support the large-scale renovations that would relocate students, touting it as a necessary part of keeping the historic houses as viable living options, others prefer short-term fixes...

Author: By Sha Jin, CONTRIBUTING WRITER | Title: Harvard’s Makeover | 3/12/2008 | See Source »

...dedicated fast-freight corridor between Mumbai, New Delhi and Kolkata (formerly Calcutta). They also have big plans for some of the 1 million acres (420,000 hectares) of land that IR owns along rail lines and around stations and shunt yards. Real estate developers are currently bidding to overhaul the first of 16 major stations. At New Delhi's central station, which is likely worth billions of dollars, developers plan hotels, wireless Internet services and food courts...

Author: /time Magazine | Title: Working on the Railroad | 2/28/2008 | See Source »

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