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Rather than cause brief setbacks to the airline industry's fortunes, 9/11 and the recession exposed a raft of deeper problems: high fixed costs, a convoluted fare structure, a boom in online bargain hunting by consumers and the growing disaffection of business travelers and their bosses. The full-service airlines' soak-the-rich business model, which has always prized maximizing revenue over operational efficiency, looks all but busted...

Author: /time Magazine | Title: Air Travel Gets A New Model | 8/26/2002 | See Source »

...comes out on Day Two, and the festival's eponymous mountain finally puts in a brief appearance: the snow-capped peak looms high above the natural amphitheater to stage left. The audience swells to more than twice the size of the first day's; ticket prices are slashed, and whole families from the environs of Lijiang turn up. Miao minority women in ornate, outsize headgear wander the periphery and look on curiously; sanitation workers move through the crowd picking up garbage with chopsticks. I catch only one whiff of dope smoke?surprising, considering that cannabis grows wild all over Yunnan...

Author: /time Magazine | Title: The New Long Mosh | 8/26/2002 | See Source »

...market conditions, the report cited the souring of relations since last September's terror attacks on New York and Washington, the trillion-dollar lawsuit by families of 9/11 victims and talk among some conservatives about freezing Saudi assets as reasons for the alleged capital flight. The news triggered a brief dip in the value of the dollar against other currencies before jitters were calmed by subsequent reports questioning the FT's claims...

Author: /time Magazine | Title: Are Saudi Billions Leaving America? | 8/23/2002 | See Source »

...brief history of Iraq attack

Author: /time Magazine | Title: Iraq: The GOP War With Itself | 8/21/2002 | See Source »

...Sept. 10, 2001," says Patricia Friend, head of the Association of Flight Attendants (AFA), which represents 50,000 at 26 airlines. Although Congress mandated last November that flight attendants receive cabin-defense training, the AFA claims the training has been inadequate: classes offered by most airlines have been brief (as short as 45 minutes) and have included little or no hands-on instruction. "If there is another attack, we cannot protect our passengers," says Friend...

Author: /time Magazine | Title: Flight Crews Get Rough | 8/19/2002 | See Source »

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