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...company's drinks cabinet. But the debt was speedily reduced to manageable levels, allowing Pernod Ricard to hit the M&A trail again. The changed economic outlook in the U.S.--the world's largest and most lucrative drinks market and Absolut's biggest--will surely make debt reduction tougher this time around. But what really matters for Pernod Ricard is that it has filled a gaping hole in its portfolio with an iconic vodka brand...

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

...Brits have all but given up on our disaffected youth. Their surly demeanor and vicious behavior represent a consummate failure of the Tony Blair-Gordon Brown era. The people who once famously claimed to be "tough on crime, tough on the causes of crime" chose instead to be even tougher on the victims of crime. Some young hooded lout threatens you or your family's safety, so you clip his ear, and an army of social workers springs to his defense, while the full might and majesty of the law are brought down upon you, with all the consequent personal...

Author: /time Magazine | Title: Britain's Kid Troubles | 4/16/2008 | See Source »

...Hill will need to turn up the heat on North Korea even more. His somewhat unlikely ally in pressuring Pyongyang is Lee Myung Bak, 66, the newly inaugurated President of South Korea. Lee, a conservative who says he wants closer ties with Washington, has vowed to take a tougher line toward his uncooperative Northern neighbor, in stark contrast to the "Sunshine Policy" Seoul has pursued for the past 10 years. This program of engagement allowed North Korea, without giving up much of anything, to gorge on a smorgasbord of South Korean aid amounting to more than $800 million...

Author: /time Magazine | Title: No Mr. Sunshine | 4/10/2008 | See Source »

...have all but given up on our disaffected youth. Their surly demeanor and vicious behavior are a consummate failure of the Tony Blair-Gordon Brown era. The people who once famously claimed to be "tough on crime and tough on the causes of crime" chose instead to be even tougher on the victims of crime. Some young hooded lout threatens you or your family's safety, so you clip his ear, and an army of social workers springs to his defense while the full might and majesty of the law are brought down on you, with all the consequent personal...

Author: /time Magazine | Title: Inbox | 4/10/2008 | See Source »

...core and the “college town” atmosphere whenever your parents came to visit. You girded your loins at the prospect of being rejected where your family members had been accepted. And you sent in your application. Maybe Harvard does owe you.Certainly there are tougher backgrounds. All those Harvard armchairs do not exactly betoken straitened circumstances. At least one of your parents’ roommates has become a high-powered lawyer, and he probably takes you out to lunch from time to time. But being a legacy with thoughts of applying is a very specific kind...

Author: By Alexandra A. Petri | Title: Give Legacies a Chance | 4/7/2008 | See Source »

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