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...Milan's interest in Beckham isn't new. Meanwhile, the team, owned by Italian Prime Minister Silvio Berlusconi, narrowly missed signing him before he committed to Los Angeles. And their interest in Beckham may not be simply for his ability to cross a ball from the right and bend a free kick: His global celebrity appeal has been proven to sell millions of replica jerseys all over the world for his previous European clubs, and signing him clearly had as much to do with marketing as with his skills...

Author: /time Magazine | Title: Extend It Like Beckham: From LA to Milan | 10/23/2008 | See Source »

...After baseball crowns either the Phillies or the Tampa Bay Rays as world champions this month, its offseason will test the resilience of the sports economy. Will ticket purchases for 2009 drop? And will free agents command the same salaries? Legends like Los Angeles Dodgers outfielder Manny Ramirez, the prime catch in the free-agent market, will always break the bank. But don't expect those left-handed middle relievers to score the same ludicrous contracts as in recent years. "Player salaries are extremely sensitive to market conditions," says Stanford University economist Roger Noll. "These players are going...

Author: /time Magazine | Title: Can Sports Avoid This Recession? | 10/23/2008 | See Source »

...Should that happen, the IMF could be given a new function as a "permanent secretariat" overseeing finance markets for G7 and other major countries, Buiter says. That's rather a far cry from Sarkozy's appeal to reinvent capitalism - or even British Prime Minister Gordon Brown's call to reform the international financial system around "the agreed principles of transparency, integrity, responsibility, good housekeeping and co-operation across borders." Yet many observers say that even a partial move away from the reckless lack of oversight that enabled the current crisis would constitute progress...

Author: /time Magazine | Title: Muted Hopes for Global Finance Summit | 10/23/2008 | See Source »

While the parents and students who pushed for the removal of calorie cards argue that the cards created a prime environment for eating disorders, the truth is that the cards’ removal actually hurls us into a bubble of ignorance. Imagine trying to pick classes without a course book or Q Guide. Without the cards to guide us, how are we supposed to realize that for every brownie we eat, we could eat approximately 13 pieces of hangover chicken...

Author: By Stephanie M. Woo, CONTRIBUTING WRITER | Title: The Death of Calorie Cards: Hate it | 10/22/2008 | See Source »

...least one Pakistani tank and killed dozens. Pakistani soldiers. Local tribesmen, who have long resented the presence of foreign militants in the region, have formed their own militias to take up the fight. "This is a war which we are fighting," says Rehman Malik, the advisor to Pakistan's prime minister on interior affairs. "As far as recognition, I think our allies are now realizing what we are doing...

Author: /time Magazine | Title: The US vs. Pakistan: With Friends Like These | 10/22/2008 | See Source »

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