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Aside from bankers and automakers, few can claim as rough a ride in 2008 as those in the airline business. Eye-watering fuel prices in the first half of the year and the onset of a global slump in the second will mean a $5 billion loss for the industry this year, according to the International Air Transport Association (IATA). More than 30 carriers from Hong Kong to the U.S. have gone under in 2008. Desperate to trim costs and bolster revenues, carriers are turning to mergers to survive, and nowhere is that happening more than in Europe. "The name...

Author: /time Magazine | Title: In the Downturn, Europe's Airlines Scramble to Merge | 12/18/2008 | See Source »

...bullet embedded in his skull; a beaten corpse dumped on a street corner; a blood-soaked drunk who tried to pull a policeman's gun from his holster. But the worst had been waiting until last. Someone was calling in from the middle of a firefight raging in a rough neighborhood on the outskirts of town. Several men had been shot, said the hysterical caller, and were bleeding to death on his front porch...

Author: /time Magazine | Title: Postcard from Culiacán | 12/17/2008 | See Source »

...strongest, then certainly one of the strongest pension plans in the state,” said City Councillor Brian P. Murphy ’86-’87. “Certainly, for every pension system in the state, it’s been a rough year. But we’re fortunate that, because we behave more like an ant than a grasshopper, we’re more prepared to handle the economic winter than anybody else...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Cambridge Pensions Relatively Robust | 12/16/2008 | See Source »

...have your life struggles affected the development of your on-air personality? There are a lot of rough edges on me that I sure would like to sand down. I'm trying to work on it every day. I hope I'm a better person than I was five or 10 years ago. I hope I'm a better person than I was last week. But I guess my personal story has made me much more of a libertarian. I don't think the answers are going to come from Washington; I don't think they're going to come...

Author: /time Magazine | Title: Q&A: Glenn Beck | 12/11/2008 | See Source »

...European Union, which has routinely argued for the most stringent carbon reductions; and the big developing nations, like India and China, which say climate change is the fault of rich nations and have been generally reluctant to take on any carbon-cutting obligations - long enough to lay down a rough outline of how negotiations, including the talks at Poznan, should proceed. The end goal is an actual agreement at the 2009 summit in Copenhagen, which has been cast as a de facto deadline for a new, hopefully more globally comprehensive Kyoto Protocol. (See the Top 10 green ideas...

Author: /time Magazine | Title: What to Expect from the UN Climate-Change Summit | 12/10/2008 | See Source »

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