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...latter. Wednesday, Mineta appeared before a congressional committee to outline his plan to hike up ticket prices for peak-hour flights - thereby, he hopes, reducing congestion around the nation's airports. While a form of this pricing structure already exists, thanks to simple market pressures, this formula would take much of the guesswork out of pricing flights, establishing a definitive ancillary expense for peak-hour flyers...

Author: /time Magazine | Title: So You Want to Fly at Rush Hour? Get Ready to Pony Up | 4/4/2001 | See Source »

...everything from supertankers to microchips. His energy and drive were Olympian, his chutzpah legendary: he once sold a ship before Hyundai even had a shipyard. But like other chaebol chieftains, he fueled his empire with cheap debt and political favors, and Korea's economic crash in 1997 discredited the formula. By then Chung was dreaming of driving his bulldozers north. Taking one last audacious turn in the driver's seat, he poured millions into North Korea, hoping his money could bridge the peninsula's divisions. Chung once said he wanted to live to be 150. He may have lived...

Author: /time Magazine | Title: Starting Time | 4/2/2001 | See Source »

...introducing more surprises in the magazine over the coming weeks. But Time will still be Time, and news will remain our focus, as it has been since 1923. And though we're loath to fiddle with a formula that has worked for decades, we realize that change doesn't have to be bad. Just after we wrote this letter's opening paragraph, we did a quick Internet search. Turns out Canaletto had been dead for eight years when the cornerstone was laid for Somerset House. He had actually painted an earlier Somerset House, no slouch in the aesthetic department...

Author: /time Magazine | Title: To Our Readers | 4/2/2001 | See Source »

...Arafat. For the last 10 years, he counted on the American fire brigade to come and put out the fire, but that's not going to happen. The Arab world is incapable of doing too much for him. I think he'll find himself searching for a face-saving formula to indirectly silence Palestinian guns...

Author: /time Magazine | Title: Arafat to Bush: What Have You Done for Me Lately? | 3/30/2001 | See Source »

...developing countries at this stage was the acceptance that the "greenhouse gas" problem has built up over a century, and that the contribution of the developing countries to it over that time has been negligible. They acknowledge that treaties will have to be expanded, but settled on the Kyoto formula as a starting point...

Author: /time Magazine | Title: Why Bush Bailed on Global Warming Pact | 3/29/2001 | See Source »

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