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...budget resolution is on paper, and now legislators go back to their committees and start making the hard choices about where those dollars (or lack thereof) are going to come from. The Senate Finance Committee will craft the details of the proposed $1.35 trillion income tax cut (including $100 billion in new "economic stimulus" in the next two years), shooting for a May 18 deadline and a full Senate vote by Memorial...

Author: /time Magazine | Title: Budget Compromise Leans Bush's Way — For Now | 5/3/2001 | See Source »

...showing that trade is a Net-age worry. E-firms like Amazon are dying to get into world markets but are relentlessly blocked, both by local governments that want to control the Net and by infrastructure problems (ever tried to FedEx a book in China?). Zoellick should craft an e-initiative that would help U.S. firms extend their cyberdominance. Even a limited deal could be a fast, high-profile score...

Author: /time Magazine | Title: Archimedes On The Potomac | 4/30/2001 | See Source »

...rocket will blast off from the Baikonur Cosmodrome in Kazakhstan and loft a Soyuz capsule into space. A day or so later, the capsule will rendezvous and dock with the International Space Station (ISS)--thus earning a place in the annals of space history. For aboard that Soyuz craft, along with two Russian cosmonauts, will be a 60-year-old American millionaire named Dennis Tito. Amateurs have flown in space before--including three U.S. congressmen, a Russian politician, a Japanese TV reporter and a Saudi prince--but Tito will be the first paying tourist...

Author: /time Magazine | Title: Tito The Spaceman | 4/30/2001 | See Source »

...conservative reaction. That makes Nader a politician with a national following but few allies. He continues to draw sizeable crowds at colleges and conferences across the nation, delivering the populist spiel he ran on as the Green Party candidate. But Democratic Congressmen who worked with him to craft a generation of consumer and environmental law now close their doors to him. And some public interest groups won?t team up with Nader organizations against Bush appointees. "There?s tremendous anger at Ralph every time Bush does something bad," said one Washington-based environmentalist. Even a protege like New York City...

Author: /time Magazine | Title: The Spring of Ralph Nader's Discontent | 4/27/2001 | See Source »

...unable to slow down because its braking wing flaps had been wrecked in the accident. A dislodged antenna had wrapped itself around the EP-3E's tail, further complicating the landing. Chinese troops quickly surrounded the prized plane, wielding weapons and demanding over bullhorns that the Americans abandon the craft. After a tense 15-min. standoff--during which the U.S. crew continued to destroy much, but not all, of the classified material aboard the plane--they surrendered to the Chinese...

Author: /time Magazine | Title: Spy Plane Finale: An 8,000-Ft. Plunge and a Tough Choice | 4/23/2001 | See Source »

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