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...fall precisely where it will do the most harm to the military's readiness to fight: funds for operations, manpower, maintenance, training and supplies. Warns House Armed Services Committee Chairman Les Aspin, with perhaps a touch of hyperbole: "What you're seeing is a defense budget going down as fast as it went up, with double-digit negative growth in the future...

Author: /time Magazine | Title: Into a Daunting New Year | 6/21/2005 | See Source »

...Multimillionaire Walter Annenberg in Rancho Mirage outside Palm Springs. But if they had peered through the dense row of tamarisk trees that shield the 200-acre estate from the gaze of outsiders, they might have discovered that Mel Haber's ideal of a sleepy Palm Springs area is fading fast. Progress is intruding upon the escapist desert haven of the wealthy...

Author: /time Magazine | Title: If It's Flat, Develop It | 6/21/2005 | See Source »

...Burr. Says he: "In five years, People Express will be a worldwide transportation company, carrying people and freight, and packaging hotels and rent-a-cars, the works." Some skeptics, though, think that People could instead end up like Laker Airways, the cut-rate transatlantic carrier that expanded too fast and went bankrupt...

Author: /time Magazine | Title: Super Savings in the Skies | 6/21/2005 | See Source »

...traffic for the first nine months was up nearly 11% from the same period the year before. Many of the flyers are first-timers. The percentage of American adults who have flown at least once is up to 70%, from 65% in 1979. Pleasure travel is growing especially fast. Business trips now account for only 50% of all passengers, down from...

Author: /time Magazine | Title: Super Savings in the Skies | 6/21/2005 | See Source »

DIED. Sam Spiegel, 84, independent Hollywood producer of the fast-talking, cigar-chomping mold, whose grand-scale, big-budget pictures of the 1950s and '60s, notably The African Queen (1951), On the Waterfront (1954), The Bridge on the River Kwai (1957) and Lawrence of Arabia (1962), won 23 Academy Awards, including three for best picture; in St. Martin, West Indies. Spiegel was a perfectionist who relentlessly drove his writers, directors and actors, but he commanded, or inveigled, loyalty: many who angrily quit his far-flung film sets at night were persuaded by morning to stay on. Born in what...

Author: /time Magazine | Title: Milestones: Jan. 13, 1986 | 6/21/2005 | See Source »

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