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...competition entirely if it didn't get additional time. That would have forfeited the contract to Northrop Grumman, but it also would have galvanized Boeing's congressional allies into opposing the sole-source award to Northrop, whose partner on the tanker project is Europe's Airbus consortium...

Author: /time Magazine | Title: The Air Force's Tanker Tailspin | 9/10/2008 | See Source »

...troops, Gates' decision suggests what critics of the procurement process have long said - that major defense purchases are salted through with political implications ("This is a very political decision," Lichte said). That's especially true in the tanker contract, because Northrop Grumman's partnership with the Airbus consortium led to complaints that jobs would be lost overseas. It also makes clear that Gates' June decision to take away the Air Force's power to pick the winner and reserve it for himself wasn't sufficient to salve the wounds of the Air Force's botched efforts...

Author: /time Magazine | Title: The Air Force's Tanker Tailspin | 9/10/2008 | See Source »

...least that was how it was supposed to work. About a year ago Hirst announced that the skull had fetched the full $100 million price. But the purchasers turned out to be a still unidentified consortium of investors that include Dunphy, Jopling and Hirst. Dunphy says the three of them maintain a "controlling interest in the work" - meaning they sold the biggest stake to themselves. Eventually, he insists, they will resell it, after it has toured a few museums. A planned exhibition at the Hermitage in St. Petersburg fell through - Dunphy says he and the museum couldn't agree...

Author: /time Magazine | Title: Damien Hirst: Bad Boy Makes Good | 9/4/2008 | See Source »

...idiot, surely, but a President of the United States? At the very moment that Alice realizes how the world sees her Prince Charming, Charlie suddenly gets his act together--under her threat of divorce. He is born again as a Christian and becomes the front man for a consortium of businessmen who buy the local baseball team. He is elected governor of Wisconsin. He is elected President...

Author: /time Magazine | Title: Private History | 9/4/2008 | See Source »

...MMRF made sure it got the most from its grant dollars by adopting an enforced-collaboration model in 2004, linking work at four cancer centers into a consortium managed by PricewaterhouseCoopers and providing them all with patients, tissue samples and a set of targets and goals. "The odds of a cure coming from one center are nil," Giusti says. "You need a mutual fund to fight cancer." From not having a single drug in the pipeline, the MMRF now has 30, half of them in clinical trials. The average lifespan of a multiple-myeloma patient has been extended by three...

Author: /time Magazine | Title: He Won His Battle With Cancer | 9/4/2008 | See Source »

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