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...spite of it all--long lines, delays and indignities--Americans still travel. Even with a recession, demand in the U.S. is expected to grow 5% a year. Worldwide tourist visits are expected to double, to 1.6 billion, by 2020. It's one of the great missed business opportunities in recent memory: there are more flights connecting the U.S. to the rest of the world than ever, but U.S. airlines are flying fewer of them. "America led the world in aviation, and they should still be No. 1," says Steve Ridgway, CEO of Virgin Atlantic. "America built the planes that made...

Author: /time Magazine | Title: Richard Branson's Flight Plan | 4/17/2008 | See Source »

...annual rate of 20% or higher--was showing unmistakable signs of a slowdown. In February it plummeted to just 6.5%, compared with nearly 20% growth expected by economists. Exporters suffered major disruptions from power outages and transportation delays caused by that month's heavy snowstorms, but sluggish U.S. demand was also to blame. The value of U.S.-bound goods showed a rare year-over-year decline that month...

Author: /time Magazine | Title: China's At-Risk Factories | 4/17/2008 | See Source »

Although China is the world's second largest exporter, the country is not as dependent on overseas trade as some. Exports accounted for 36.8% of China's GDP in 2006, compared with 43.2% in South Korea. But China may be unusually vulnerable to weaker international demand because the country has in recent years built too many new factories. With investment capital readily available and China's economy roaring ahead at double-digit growth rates, heavy industry expanded massively. The value of China's steel exports, for example, jumped tenfold from 2003 to 2007, from $5 billion to $50 billion...

Author: /time Magazine | Title: China's At-Risk Factories | 4/17/2008 | See Source »

...alter ego, when Marvel Studios and Paramount Pictures wondered if a younger actor with a blander past would be a smarter marketing choice for a potential franchise. In Iron Man, Stark's convoy of humvees is attacked following a weapons demonstration. Insurgents hold him captive in a cave and demand that he build them a devastating weapon. Instead, Stark builds himself a suit of armor with a new sense of purpose. "Tony Stark goes through a bit of a moral reawakening in this movie," Favreau says-a character arc that tipped the casting in Downey's favor...

Author: /time Magazine | Title: Robert Downey Jr.: Back from the Brink | 4/16/2008 | See Source »

...major turning point in Lebanese politics, setting the stage for the current stalemate as the U.S.-backed government and the Syrian-backed opposition are unable to agree on a new President. Following the murder, tens of thousands of people took to the streets of Beirut and other cities to demand the withdrawal of the Syrian troops that had been garrisoned in the country for decades, as Damascus acted as the dominant influence in Lebanese politics. Despite the withdrawal of its troops and the creation of the pro-Western government, Syria has continued to exert political influence through Hizballah, Lebanon...

Author: /time Magazine | Title: Syria, US at Odds Over Hariri Probe | 4/16/2008 | See Source »

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