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...downturn in demand brought on by the recession. Many countries also created large strategic oil reserves after the 1979 experience. And in an effort to stabilize oil prices, both the U.S. Congress and the Obama Administration are considering clamping down on speculation in energy futures, said Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, on Tuesday. Speculation is one factor believed by economists to have contributed to the turmoil in oil prices that saw them hit a high of $147 a bbl. last July and then drop to $33 just six months later. It traded on Tuesday...

Author: /time Magazine | Title: Oil Shocks: Biden, Iran and Fears of Another Price Jump | 7/7/2009 | See Source »

...Terminal 5 - located directly behind the old landmarked Terminal 5 designed by Eero Saarinen for T.W.A. in 1962 - was created by the San Francisco-based architectural firm Gensler. It was a collaboration launched by chance when Art Gensler, the firm's chairman, missed his flight home and ended up on a JetBlue flight to California with the airline's founder, David Neeleman. (Neeleman is known for hopping random JetBlue flights and handing out peanuts to passengers). "Nothing is more nerve-wracking," says Gensler's Bill Hooper, chief architect of the Terminal 5 project, "than having your boss hand you [David...

Author: /time Magazine | Title: Where JetBlue Put Its Millions | 8/5/2008 | See Source »

...covers, creates ads for the Rocawear clothing line and writes marketing plans for the firm's latest films. "They're the brain trust," says CEO Damon Dash, who launched his billion-dollar music, fashion and movie empire with rapper Jay-Z eight years ago (see MUSIC). Chief strategist David Gensler plans to hire four new people over the next few weeks, and the company may soon add spots in London. "I'd really like to find some aggressive M.B.A.s," he says...

Author: /time Magazine | Title: Cool Gigs | 11/24/2003 | See Source »

...catching on elsewhere, particularly among retailers. Stores are no longer big rooms in which to make purchases. They're experiences, sites for little emotional excursions whose purpose is to hunt-and-gather but also to feel good about what is gathered. The new Apple Computer stores, designed by Gensler, a firm far more conservative than Rockwell's, attempt this with nooks for different computing activities, including a Genius Bar, where geeks can gather and ask questions of an expert. The Toys "R" Us in New York City's Times Square, also by Gensler, is similarly divided into zones that...

Author: /time Magazine | Title: Creating Spaces | 9/16/2002 | See Source »

...least a dozen cities, once predicated on moving passengers quickly through sleek terminals, are being revamped to emphasize security. Airy observation decks and artsy furnishings are giving way to hidden security corridors and concealed bomb sensors. "We're not building fortresses," says Ron Steinert, who oversees aviation projects for Gensler architects, "but we have to think about protection along with passenger comfort." Designers working on terminals in New York City, Chicago, Dallas, Seattle and Los Angeles are considering such ideas as blast-resistant panels, shatterproof glass and interior aesthetics that visually differentiate public areas from secure sections. A proposed...

Author: /time Magazine | Title: The New Airport: Safety Over Speed | 2/11/2002 | See Source »

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