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...After her night with the Prime Minister, D'Addario rings Tarantini to tell him that the envelope of money she had been expecting wasn't there. Not that the 42-year-old woman sounds angry. She remarks that the Prime Minister had promised to help her resolve a local building-permit problem and that he wanted to see her again. "He said he has a girlfriend who he wants to have lick me," D'Addario tells Tarantini over the phone on Nov. 5, according to the L'Espresso tapes. When the Bari businessman laughs, D'Addario swears that those were...

Author: /time Magazine | Title: The Berlusconi Tapes: 5 Ways to Evade the Scandal | 7/22/2009 | See Source »

...Discounts - or Else! The dirty deal, according to the suit, was simple. From 2001 to 2006, Babies "R" Us told companies like Medela that they had to enforce resale-price maintenance - i.e., tell the Web retailers, who can more easily discount products since they avoid brick-and-mortar costs, to sell your products at X, or you'll cut off the supply. If they resisted, Babies "R" Us threatened to cut off the manufacturers, according to the suit, and refuse to sell their products in Babies "R" Us stores. Since Babies "R" Us sold 30% to 50% of these companies...

Author: /time Magazine | Title: Did Babies "R" Us Gouge Mommy and Daddy? | 7/21/2009 | See Source »

...hard to tell whether the Fed is in any actual danger from its congressional critics. The Administration's proposals for regulatory reform would, on balance, give more power to the Fed than it has now. And House Financial Services Committee chairman Barney Frank remains a staunch Fed defender. "When you have a terrible mess, it is unlikely that those who attempt to alleviate the danger will come out looking clean," he said in Bernanke's defense this morning. Then again, Frank said, the congressional griping will likely continue until the economy begins to show marked signs of improvement - because...

Author: /time Magazine | Title: Bernanke Defends Fed's Actions Before Congress | 7/21/2009 | See Source »

What would you tell people who are inspired by your feat but fearful of going through with something similar? It's about getting out there and doing it. Just try your hardest and push to make it happen. It's pretty amazing what...

Author: /time Magazine | Title: The Teen Who Sailed the World Solo | 7/21/2009 | See Source »

...influence" at a time when "global leadership is urgently needed." But Tim Wirth, president of the U.N. Foundation, argues that Ban's critics miss the point. The U.N., Wirth says, is not a vertical institution but a horizontal one, with 192 nation-states acting as shareholders. Ban can't tell the U.N.'s members--or even its agencies--what to do. He has to negotiate and coordinate, find a consensus. He manages to do that, Wirth says, by "keeping his own sense of ego out of the line of fire." Ban himself expresses pleasure that he has been able...

Author: /time Magazine | Title: No Charisma? Don't Worry, You Can Still Be a Leader | 7/20/2009 | See Source »

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