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...service carriers, which lost $11 billion last year and stand to lose an additional $5 billion this year, followed the lead of the profitable discounters by cutting costs and fares? Because that's not the way their business works. They have made, and lost, their money by providing the frequent departures, quick connections, spacious seats and other amenities that have been demanded by business flyers and charging them dearly for that service--more than five times the cost of a discount fare...

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

...hear me say it's a sign of global warming," says Vaclav Baca of Povodi Vltavy, the Czech state company that manages waterworks on the Vltava. "It simply rained a lot." Others are not so sure. If climate change is taking place, then researchers would expect more frequent bouts of unexpected and severe storms - and last week's deluge might be an example of this. "It's a case of one swallow doesn't make a summer," says Michael Coughlan, director of the Climate Program at the World Meteorological Organization in Geneva. "If you were to start to see more...

Author: /time Magazine | Title: Raging Waters | 8/18/2002 | See Source »

...Frequent business visitors to Pyongyang say the North Koreans have been overhauling their investment laws and welcoming international trade delegations in the hope of attracting foreign capital. Government connections are still essential, but there are fewer layers of bureaucracy than in China, say experts on North Korean business practices. Once a joint venture is signed, getting things done is no tougher than in other developing countries. "I find it very refreshing to be here," says Savage. "The guys are very straight...

Author: /time Magazine | Title: Light from the North? | 8/11/2002 | See Source »

...Transport Commission white paper throws up some interesting ideas, the aim being to slash the road toll by 2010. Among 60 proposals are common road signs throughout the 15 E.U. countries, common fines for similar offenses, tougher laws to protect cyclists, signaling frequent crash sites, more research into airbags and tires, fitting all cars with black boxes like those in aircraft. Sounds good. But doesn't it nearly all come down to attitude? One bumper sticker I remember from my youth in Australia just said, "Courtesy is Catching." It is. Another read, "Better late than dead on time." There...

Author: /time Magazine | Title: The Roads to Ruin | 8/11/2002 | See Source »

...GERMANY Frequent Flyer Chancellor Gerhard Schröder got a gift from an unlikely quarter - the resignation of Gregor Gysi, leader of the Party for Democratic Socialism, the old East German communists. Gysi quit as both party leader and economics minister of Berlin over a scandal about his use of air miles - totted up on official business - for personal trips. The charismatic Gysi was the most prominent PDS figure and the one most popular among people in western Germany and young voters. His resignation could be a lifeline for Schr?der's re-election hopes. If the pds fails to gain...

Author: /time Magazine | Title: World Watch | 8/11/2002 | See Source »

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