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...travelers is forecast to grow by at least 25% a year through 2010, according to Sydney-based Centre for Asia Pacific Aviation (CAPA), an industry consultancy. Yet due to the air-transportation system's capacity constraints, carriers are being forced to fight for new business by engaging in profit-destroying fare wars. Air Deccan, for example, advertises a special fare of just $6.60 plus taxes for a flight from New Delhi to Jaipur. Add in higher fuel prices and you've got a recipe for red ink. Analysts put collective losses for Indian airlines at $500 million last year, following...

Author: /time Magazine | Title: Altitude Sickness | 5/3/2007 | See Source »

...work of the biggest part of the World Bank, the International Bank for Reconstruction and Development. Member countries make deposits (the U.S. share is $2 billion down and $30 billion pledged); the bank sells bonds backed by those deposits and pledges, then lends the money out at a small profit. The other main arm of the World Bank, the International Development Association, gets regular infusions of cash from rich countries and lends funds on near giveaway terms to truly poor countries, mostly in Africa (the U.S. contribution is just under $1 billion a year, or 0.04% of federal spending...

Author: /time Magazine | Title: The World Bank's Real Problem | 5/3/2007 | See Source »

...Boston, Chicago, Denver, San Francisco, Atlanta, Dallas and Los Angeles. And then even farther afield - to Utah, Alaska, Idaho, Wyoming. At some point along the way, drag queen bingo went commercial, with bars, clubs and restaurants hosting games as a way to draw in crowds and turn a profit. Then it went to cable: in Season 2 of Sex and the City, Carrie and the girls visit their favorite bar, which hosts drag queen bingo on Saturday nights. In New York City, you can now find a game practically any night of the week, including one emceed by a drag...

Author: /time Magazine | Title: How Drag Queens Took Over Bingo | 5/2/2007 | See Source »

...sexist slur is to hold any meaning, it will be in its power to help us reflect upon the freedoms, values and conflicts that compose our collective psyche [April 23]. Sadly, our society too often rewards those who traffic in disrespect. Let Imus encourage us to question all who profit from debasement and remind us of the dignified existence our freedoms were meant to provide. David Terhune, New York City...

Author: /time Magazine | Title: Inbox | 5/2/2007 | See Source »

...that researching science and music in a lab would not keep me connected to the theater community.”With a joint degree in law and the fine arts, Musico believes he would be better connected to the artistic world. After graduating, he hopes to create a non-profit organization that will provide legal services to theater performers and other struggling artists. It’s that idea of combining seemingly disparate fields—science and music, law and performance—that has marked his approach to arts.“This is another...

Author: By Monali R. Agarwal, CONTRIBUTING WRITER | Title: Mark P. Musico '07 | 5/2/2007 | See Source »

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