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...Among some journalists at the Guardian, the belief is that Lebedev will be more cautious and drop the price of the daily paper from ?1 to 50 pence in order to undercut the competition. This strategy is certainly more realistic. Lebedev can afford to take the financial risk, having made a fortune through the $668 million sale of his stake in Aeroflot, the Russian airline, and other businesses in his native country earlier this year...

Author: /time Magazine | Title: Can a Former KGB Agent Save London's Independent? | 3/27/2010 | See Source »

...instead, Enron on an average night only fills about half the seats, it could take as long as five months before the play turns a profit. If only a quarter of the seats sell for full price, the play, much like the company it dramatizes, will end up being a financial bust...

Author: /time Magazine | Title: Will Enron Play on Broadway? | 3/25/2010 | See Source »

Simsek’s job market paper—the paper he presented to potential employers—was inspired by the financial crisis and “identifies the economic environments that are more conducive to asset price bubbles financed by credit,” Simsek wrote in an e-mail...

Author: By Julia L Ryan, CRIMSON STAFF WRITER | Title: Economics Department Hires New Junior Faculty | 3/25/2010 | See Source »

...test flight over Maryland last week, the Pentagon's F-35 jet fighter landed vertically for the first time - like a helicopter - as it was vaunted to do. But at just about the same time, its price tag was climbing in the other direction. A Swiss Army knife of the skies, it's designed for vertical takeoff and landing to please the Marines and their smaller ships, while more conventional versions are slated to satisfy the demands of the Air Force and Navy. All of a sudden, however, the F-35 is in big trouble. On Wednesday, Defense Secretary Robert...

Author: /time Magazine | Title: The Costly F-35: The Saga of America's Next Fighter Jet | 3/25/2010 | See Source »

...strange predicament for the modest jet that was supposed to be the cheap end of the military's high-low warplane mix of F-22s and F-35s. The Pentagon launched the F-35 Lightning II program a month after 9/11. Over the past eight years, the price-per-plane has doubled - from $69 million to as much as $135 million - even as none of the 2,443 on-order planes have been delivered. The program's cost has soared from $197 billion to as much as $329 billion. Plans to profit from prospective sales of more than...

Author: /time Magazine | Title: The Costly F-35: The Saga of America's Next Fighter Jet | 3/25/2010 | See Source »

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