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...Monday, McDonald's confirmed earlier press reports that it will spend about $1.1 billion - more than half its total global investment funding in 2009 - to revamp scores of existing restaurants in Europe and open 240 new ones there. That effort will not only focus on relatively new markets in Eastern Europe like Russia and Poland, but also sink roots deeper in West European nations like Italy, Spain and France - generating about 12,000 badly needed new jobs in the process. As part of that expansion plan, McDonald's says it will add about 400 new McCaf...

Author: /time Magazine | Title: Supersizing Europe: The McDonald's Stimulus Plan | 1/26/2009 | See Source »

...problem is that if we do any kind of report & fail to address these Qs, press jumps on you wanting to know answers; while if you give answers that aren't fully honest (e.g. nothing re Hillary) you risk hugely compounding the problem by getting caught in half-truths. You run risk of turning this into 'cover-up.' " - from a note that Stern wrote regarding the firing of the White House travel office staff, allegedly at the request of then-First Lady Hillary Clinton. Some people claimed that the employees were fired so that Hillary could appoint friends. (New York...

Author: /time Magazine | Title: Climate Change Envoy Todd Stern | 1/26/2009 | See Source »

...think the Republicans should nominate [Colorado Rep.] Tom Tancredo." - as an adviser to Hillary Clinton's presidential campaign, joking that global warming would fare better as a 2008 campaign issue if the GOP picked a candidate skeptical on the science. Tancredo had recently told the Associated Press that the last work of fiction he read was An Inconvenient Truth by former Vice President Al Gore (Environment & Energy News...

Author: /time Magazine | Title: Climate Change Envoy Todd Stern | 1/26/2009 | See Source »

...future governors. Blagojevich then surprised all observers by going ahead with an appointment to replace Obama; his choice of Roland Burris, a veteran African-American politician of impeccable credentials, turned out to be a shrewd move that Senate leaders in Washington reluctantly had to accept. And his stunning press conferences, during which Blagojevich has quoted poetry and presented himself as a defender of the ill and infirm, have made the entire impeachment process seem like a joke...

Author: /time Magazine | Title: The Blagojevich Circus Comes to the State Senate | 1/26/2009 | See Source »

...getting used to this. Over the past six months its currency has collapsed, its largest banks have all failed and been nationalized, and its economy has imploded. Today the tiny (pop: 320,000) nation became the first to lose its government to the global financial crisis. Addressing the press, Iceland's Prime Minister Geir Haarde announced the resignation of his cabinet and the collapse of the current coalition government. The Conservative leader said that he could not "accept the Social Democratic demand that they would lead the government...

Author: /time Magazine | Title: Global Financial Crisis Claims Iceland | 1/26/2009 | See Source »

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