COVER

The Battle over Gaza

Provoked by Hamas rockets, Israel wreaks devastation on Gaza. As President-elect Obama stays mum, the stakes get even higher

BUSINESS

In the Doldrums (Shipping)

Falling trade and lack of credit are driving the world's shipping industry into desperate straits

GLOBAL ADVISER

Change of a Dress (On Show)

Sonia Rykiel tore up couture and remade it for the modern girl

A New Course for Sörenstam (Golf)

Annika Sörenstam, the best female golfer in history, quit the pro game in December. But the 38-year-old Swede isn't done with the sport yet. She wants to build a golf empire rivaling that of Jack Nicklaus

Edge of Extinction (Grooming)

Head to New York's F.S.C. for a shave with a Mammoth Razor

LETTERS

The Road to Mumbai's Tragedy (Inbox)

Bailing Out the Big Three; I Want My 401(k)!; Neither Borrower Nor Lender Be; Automobiles "R" Still Us