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...everyone agreed. As Ricard buttered his toast, the markets battered his firm for paying $8.34 billion for Absolut's parent company, Vin & Sprit--which was almost 21 times the Swedish firm's gross operating profit last year. As if to suggest that Pernod Ricard had overreached, Bruce Carbonari, CEO of Fortune Brands (which was trumped in the Absolut auction), claimed that the price for V&S would not provide an "appropriate return" for shareholders. Yet le patron remained unperturbed. Three years ago, the company leveraged itself heavily to acquire Britain's Allied Domecq, a $13 billion deal that doubled Pernod...

Author: /time Magazine | Title: Stiff Drink | 4/17/2008 | See Source »

Fortunately, three new books may help remedy that Latin America blind spot and remind us that the hemisphere too is flat. They all take a hard, engaging and overdue look at Latin America's maddening complacency and massive potential--and suggest how to transform it into "the century of the Americas," as George W. Bush declared...

Author: /time Magazine | Title: Business Books | 4/17/2008 | See Source »

Some of the rise in C-sections can certainly be attributed to women with routine pregnancies, like Chung, who make a pragmatic decision to keep their deliveries just as uneventful. Preliminary data suggest that such cases account for anywhere from 4% to 18% of the total number of caesareans. On the medical side, better anesthesia and antibiotics are making the procedure safer. Add to that the growing number of women delaying childbirth, those having twins or triplets as a result of in vitro fertilization and America's exploding obesity epidemic--all of which increase the risks of vaginal delivery. Doctors...

Author: /time Magazine | Title: Choosy Mothers Choose Caesareans | 4/17/2008 | See Source »

...takes them seven separate opinions, controlled by a 3-vote plurality, totalling 97 pages, just to dispose of a case in which they basically all suggest that there's no there there, it doesn't bode well for them tidying up this area of the law," says Mark Olive, a veteran anti-death penalty attorney...

Author: /time Magazine | Title: A False Consensus on Lethal Injection | 4/16/2008 | See Source »

...haunt the Middle East. But the outcome of the investigation into the killing of a leader who stood up to Syrian influence in his country may yet be decided in the realm of politics. Senator Arlen Specter of Pennsylvania, a senior Republican who recently visited Syria, last week publicly suggested that the U.N. inquiry into Hariri's killing could be reduced in scope in exchange for greater security and political cooperation from Damascus in key areas of U.S. concern. Specter said he had been told by King Abdullah of Jordan that "the item that is most on the mind...

Author: /time Magazine | Title: Syria, US at Odds Over Hariri Probe | 4/16/2008 | See Source »

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