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Traditional pensions may require a taxpayer bailout. If it comes to that, pensioners may get stuck with less than they expect. Already, there are limits to what the government will step in to pay. The maximum benefit for a retired 65-year-old in a failed pension is $45,614...

Author: /time Magazine | Title: Social Security: The Really Troubled Program | 1/24/2005 | See Source »

UNVEILED. The AIRBUS A380, the world's biggest passenger plane, at a VIP-packed gala in its hangar; in Toulouse, France. The result of a 10-year, $12 billion program linking construction plants in Britain, France, Germany and Spain, the A380 surpasses in size the U.S.-made Boeing 747, which...

Author: /time Magazine | Title: Milestones | 1/23/2005 | See Source »

(2 of 2) (Of course, Airbus' majority stakeholders, EADS and BAE Systems, both have significant military businesses, too.) The Europeans thus don't see subsidies going to zero. Says Forgeard: "We want a level playing field with a level of support that is acceptable to both sides." The debate over...

Author: /time Magazine | Title: Cliff Hangar | 1/16/2005 | See Source »

With hundreds of millions of holidaymakers expected to hit the road for next month's Lunar New Year celebrations, travel in Asia could be hell. But Taiwanese living in mainland China have one thing to look forward to?a nonstop trip home. Under an agreement reached in Macau last weekend...

Author: /time Magazine | Title: Taking the Strait Route | 1/16/2005 | See Source »

Taipei has sought a means to resume talks with the mainland since discussions broke down six years ago. The island's businesses have invested an estimated $100 billion in China, and one million Taiwanese now live on the mainland. Many of them have urged their government to improve relations with...

Author: /time Magazine | Title: Taking the Strait Route | 1/16/2005 | See Source »

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