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...Boeing's stock is going to fall a lot further, but not for the reasons that analysts had guessed. The impression among investors who follow Boeing is that boneheaded management had allowed poor labor relationships and a slowdown in the launching of the company's new 777 flagship, which has been set back by well over year, to undermine the tremendous demand for the firm's planes...

Author: /time Magazine | Title: Boeing Proves A Poorly Run Company Can Still Do Badly | 4/10/2009 | See Source »

...Boeing announced that its first quarter numbers would be poor. According to Reuters, "Because of the drastic dip in demand, Boeing said production of its 777 minijumbo will fall to five from seven per month beginning in June 2010." In other words, earnings from Boeing are going to be weak for a long time...

Author: /time Magazine | Title: Boeing Proves A Poorly Run Company Can Still Do Badly | 4/10/2009 | See Source »

...first international meeting to be attended by President Barack Obama's climate negotiators - to the palpable relief of the rest of the world that former President George W. Bush's much maligned team was gone - but on the big questions, including how to address carbon reduction in rich and poor countries, tangible progress remained elusive...

Author: /time Magazine | Title: Progress on Global Warming Remains Elusive | 4/10/2009 | See Source »

...were free to do what they wanted in the homelands - but had proved unwilling or incapable of developing. It wasn't an argument that washed with their opponents. The Eastern Cape's poverty lit the flame of rebellion in Mandela and Mbeki, both born and raised near the dirt-poor Transkei city of Mthatha, and Steve Biko, who grew up in nearby King William's Town. Even today, both the ANC and COPE claim the Eastern Cape as their heartland...

Author: /time Magazine | Title: Why South Africa's Over the Rainbow | 4/9/2009 | See Source »

...reached most homes - but supply is erratic. Most roads remain unpaved. In Mthatha, 74% of the population earns less than $150 a month and 43% are unemployed, according to a June 2008 report by the South African Medical Journal. In 2007, East London's Daily Dispatch newspaper revealed that poor maternity care at the city's Frere Hospital was resulting in around 200 stillborn babies every year - and that the corpses were being buried in mass paupers' graves. A tour of Mthatha General Hospital suggests conditions as grim: paint peels from rotten ceilings, the floors are filthy...

Author: /time Magazine | Title: Why South Africa's Over the Rainbow | 4/9/2009 | See Source »

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