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...That window is quickly closing. Since the ARJ21 project was announced, both Bombardier and Embraer have launched models that will rival it. To date, Embraer alone has already sold 127 of its 50- to 100-seat aircraft to Chinese airlines. Manufacturers in Japan and Russia also plan to field brand-new regional jets within the next three to five years. With the ARJ21's maiden flight set for next year, "China has a head start," says George Haley, head of the Center for International Industry Competitiveness at the University of New Haven in Connecticut. "But it won't last long...

Author: /time Magazine | Title: Eyes on the Skies | 10/11/2007 | See Source »

...Stiff competition is likely to come from Japan's Mitsubishi Heavy Industries, which is working toward the 2012 debut of a fuel-efficient regional jet, called the MRJ, that will be built from the same advanced composite materials Boeing is using in its upcoming 787 Dreamliner. (Mitsubishi is one of Boeing's key parts suppliers.) The Japanese government is helping to bankroll the company's comeback in commercial jets with a pledge to pay a third of the MRJ's reported $1 billion in development costs...

Author: /time Magazine | Title: Eyes on the Skies | 10/11/2007 | See Source »

...Slava through my father, Lynn Harrell, who belongs to a generation of cellists that inherited an instrument Rostropovich had changed forever. My memory of our meetings is of Slava's effusive affection: from bear hugs to damp kisses on both cheeks. Everyone he met - hotel workers, the Emperor of Japan, even the Pope - left with wet cheeks. Both with and without his instrument, it seemed, it was his goal to touch as many people as possible...

Author: /time Magazine | Title: In Slava's Shadow | 10/11/2007 | See Source »

...sometimes hundreds of millions of dollars, the relationship has become even more entwined. Art fairs like Miami Art Basel and the Venice Biennale have emerged as important marketplaces for luxury brands like Gucci, Cartier and Bulgari. A fashion-forward designer like Jacobs works with trailblazing artists like Prince and Japan's Takashi Murakami...

Author: /time Magazine | Title: Art Lessons | 10/11/2007 | See Source »

...they're not in it for the thrill of the kill, poachers are often bent on making some money. Bighorn-sheep horns, for example, can bring up to $60,000 on the U.S. black market; a large, balanced set of elk antlers, $10,000. In Japan, black bear gallbladders, treasured as an aphrodisiac, are literally worth their weight in gold. The illegal reptile, amphibian and snake markets in Southern California and Florida have been growing as well because of heightened collector demand in Asia...

Author: /time Magazine | Title: Hunting Big Game in Urban Areas | 10/11/2007 | See Source »

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