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...French and Dutch airlines, Air France-KLM is even further out in front. Troubled Iberia and BA, which both announced ugly losses over the past week, reckon eliminating duplicate services from fleet maintenance to business class lounges will save the airlines $600 million a year. That'll mean "a strong European airline will able to compete in the 21st century," BA boss Willie Walsh, who'll head the new company, said in a statement. (See the best travel gadgets...

Author: /time Magazine | Title: Will the British Airways and Iberia Merger Lift Off? | 11/14/2009 | See Source »

...Shut up! He said what?" - On hearing John McCain observe that "the fundamentals of the economy are strong" on Sept. 15, 2008 - the day Lehman Brothers collapsed. (New York Times...

Author: /time Magazine | Title: Dan Pfeiffer: The Next White House Communications Boss | 11/13/2009 | See Source »

...chief counsel to New York Senator Charles Schumer in 2005 and while in that role helped lead the investigation into the firings of eight U.S. Attorneys under President George W. Bush. Despite working for one of the Senate's most liberal members, the registered Democrat was not considered a strong partisan and won praise for conducting an evenhanded probe...

Author: /time Magazine | Title: 9/11 Prosecutor Preet Bharara | 11/13/2009 | See Source »

...That may be because some have worked together for years, both in and out of government. Typically for this Administration, all have strong academic backgrounds and tend to be wonks, more comfortable talking policy behind the scenes than making speeches. In a break for an Administration known for a White House-controlled foreign policy, the State Department plays heavily in strategy and policy implementation on Asia, which has helped create comity between the two centers of power...

Author: /time Magazine | Title: For His Asia Trip, Obama Has a United Brain Trust | 11/13/2009 | See Source »

...Asia, having studied China and Japan in college and graduate school before shifting to economics, eventually rising to become Under Secretary of the Treasury for International Affairs in Clinton's second term. As the Bush Administration did throughout the dollar's slide, Geithner recently declared the importance of a strong dollar, even as it has continued to fall. Asian countries have huge dollar reserves and are skittish about the future of their holdings. Obama will attempt to bolster their belief in the currency's stability...

Author: /time Magazine | Title: For His Asia Trip, Obama Has a United Brain Trust | 11/13/2009 | See Source »

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