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Today, the ancient city has emerged as one of a string of economic miracles on Europe's northern fringe. Trade volume in Riga has more than doubled over the past 10 years, and the average annual income has almost tripled to $6,200. Nearly 80% of Latvia's exports - from...

Author: /time Magazine | Title: Sea of Plenty | 5/31/2007 | See Source »

Air carriers find themselves in a peculiar bind. Demand is high: the number of domestic travelers is forecast to grow at least 25% a year through 2010, according to the Sydney-based Centre for Asia Pacific Aviation (CAPA), an industry consultancy. Yet carriers such as low-cost upstarts Air Deccan...

Author: /time Magazine | Title: Altitude Adjustment | 5/17/2007 | See Source »

The result: consolidation amid plenty. In March the government approved a long-planned merger between state-owned carriers Air India and Indian Airlines. Meanwhile, Jet Airways, the country's largest full-service carrier, is buying rival Air Sahara for $340 million and, perhaps more important, more gates at congested airports...

Author: /time Magazine | Title: Altitude Adjustment | 5/17/2007 | See Source »

Further consolidation is likely. India, which has 13 airlines today, will eventually have just two or three full-service carriers and three or four budget airlines, predicts Kaul. Their health may depend on how quickly planned airport improvements are completed. A new airport is scheduled to open in Bangalore next...

Author: /time Magazine | Title: Altitude Adjustment | 5/17/2007 | See Source »

This is not the Texas of the American imagination. Or is it? Ensorcelled by strivers and status, Dallas has always tried hard to be sophisticated. And the city knows a mathematical equation about American city life: urban sophistication requires gay civilization. Gays have gentrified once crumbling neighborhoods like Oak Lawn...

Author: /time Magazine | Title: The Lavender Heart of Texas | 5/17/2007 | See Source »

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