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...Once upon a time, Microsoft bestrode the software world like a ruthless cartoon villain, gobbling up rivals and defying pleas for restraint from regulators. But the once impregnable giant has now been humbled: following an acrimonious 10-year antitrust battle with European regulators, Microsoft on Dec. 16 finally agreed to open its Windows operating system to rival Web browsers in Europe...

Author: /time Magazine | Title: In E.U. Deal, Microsoft Allows Rival Browsers | 12/17/2009 | See Source »

...nine crescent-shaped objects in the sky while flying near Mount Rainier in Washington. Arnold evoked images of "saucers skipping on water" to describe how they flew through the air, but a local newspaper misquoted him, and the term flying saucer was born. That same year, a rancher stumbled upon a 200-yard-long swathe of rubber strips, tinfoil, wood sticks and Scotch tape in Roswell, N.M., and decided to haul the wreckage to a nearby Army airfield, where an excited officer issued a press release claiming a "flying disk" had been recovered. It took less than four hours...

Author: /time Magazine | Title: UFOs | 12/17/2009 | See Source »

...economic plan, but the Vice President's arrant candor is a quality to be appreciated, not mocked. Teddy Awards are also hereby bestowed on Hillary Clinton and Robert Gates, who courageously joined this Administration despite being, respectively, a fierce political opponent of the President's and a Republican. Upon arrival, Clinton showed passionate intent to reform long-neglected foreign aid programs, a non-headline-grabbing crusade that is essential to the military's counterinsurgency strategy; Gates took on wasteful weapons systems with impish glee and thereby placed emphasis where it always should be - on the troops...

Author: /time Magazine | Title: Joe Klein's Annual Teddy Awards | 12/17/2009 | See Source »

Houghton is also an active member of several boards of directors of various companies, and the current chairman of the board of trustees at the Metropolitan Museum of Art. Upon graduating from Harvard Business School in 1962, Houghton spent much of his professional career at Corning Incorporated—a maker of specialty glass and ceramics—where he eventually rose to the top posts of chairman and CEO in 1983, and again...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Senior Fellow Leaves Board | 12/16/2009 | See Source »

...holidays are upon us, which means 'tis the season to overindulge. But once the calendar turns, we'll have to shed some of those pounds, which is why Dr. Sanford Siegel appeared on the Today show on Dec. 14 to tout a mouthwatering diet plan: eat six cookies a day as part of a limited-calorie diet, and watch that extra weight melt away...

Author: /time Magazine | Title: Fad Diets | 12/15/2009 | See Source »

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