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...Transportation Department Secretary Norman Mineta is betting that plenty of Americans will opt for the 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 »

...every four flights last year was delayed, canceled or sent to another airport. And as the incidence of traffic-related problems and complaints has skyrocketed, the airlines and the government have tossed around ideas aimed at easing America's travel woes, including lowering ticket prices on non-peak travel. Most plans focus on the consumer, but a few have made their way into the airlines' realm as well: Mineta is also said to be considering bonuses for airlines that use runways and gates at less busy times, and likewise penalizing those that insist on landing, on, say, Friday...

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

...more popular Seattle became to other companies, the less attractive it became to Boeing. In the booming late '90s, with a local work force topping 100,000 at its peak, the company found itself in fierce competition for skilled workers, not to mention in an increasingly antagonistic relationship with the ones it already had. Last year the Society of Professional Engineering Employees in Aerospace staged a 38-day walkout. The unions suspect Boeing's move as the beginning of a plan to take assembly work out of the Seattle area. With some reason: two days later, Boeing confirmed it would...

Author: /time Magazine | Title: Boeing, Boeing, Gone | 4/2/2001 | See Source »

...billion flowed into aggressive growth stock mutual funds, the kind that load up on the Yahoos and Akamais. Investors anted up $52 billion to buy 585 tech IPOs during the same period--roughly the same amount spent on twice as many deals over the previous eight years. At the peak, just over a year ago, tech stocks accounted for 35% of the S&P 500's market value, up from 12% in 1995. It was a mania for the ages, and you were in the front...

Author: /time Magazine | Title: The Stock Market: Zap! | 3/26/2001 | See Source »

...decades. The Dow's all-time high of 11,723 came on Jan. 14, 2000, and it has since fallen 16%. That's nothing compared with the 25% decline since last March in the more tech-exposed S&P 500. The tech-laden NASDAQ has plunged 63% since its peak a year ago, the worst drubbing for a major stock index since the Depression...

Author: /time Magazine | Title: The Stock Market: Zap! | 3/26/2001 | See Source »

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