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...selling drug in the world, is made in Ireland. So too is Viagra, for erectile dysfunction. AstraZeneca's Nexium, for heartburn and acid reflux, comes from Sweden, France and other countries. TAP Pharmaceutical Products' Prevacid, another brand prescribed for heartburn and acid reflux, comes from Japan. Because of the rapid rise in drug imports, especially from Ireland, Britain and Germany, the U.S. balance of trade in pharmaceuticals has tipped sharply into deficit. During the early 1990s, according to the U.S. International Trade Commission, imports and exports of pharmaceuticals were "almost equal at just under $10 billion each." Since then...

Author: /time Magazine | Title: Why Drugs Cost So Much / The Issues '04: Why We Pay So Much for Drugs | 2/2/2004 | See Source »

...federal security alerts over the past year, the most recent just over a month ago. Though heavier than normal phones, the lethal ones look nearly identical. The hollowed-out devices, made in Croatia, are fired by punching buttons on the keypad and can shoot four .22-cal. bullets in rapid succession...

Author: /time Magazine | Title: Press M For Murder: Cell Phones That Kill | 2/2/2004 | See Source »

...Clipped Wings Paying the price for two years of rapid capacity growth, low-cost airline Ryanair announced profits for the current fiscal year would plummet by as much as 10% - the Irish carrier's first profit warning since going public...

Author: /time Magazine | Title: Biz Watch | 2/1/2004 | See Source »

...airline, which has 214 flights to 22 cities and carried 9 million passengers last year, is likely to qualify as a major airline this summer when its revenues are projected to top the $1 billion threshold. But Wall Street analysts have begun to wonder if JetBlue can handle its rapid growth and new competition: its stock price is down to $25 from a high of $47 last fall. Denver-based Frontier, which flies mainly new Airbus planes to its 42 destinations, carried more than 5 million passengers last year, up 37% from the year before. It added Los Angeles last...

Author: /time Magazine | Title: Friendlier Skies | 1/26/2004 | See Source »

...more than short-term gains, and he needed a major acquisition for the bank to reach critical mass. When Bank of America beat him in the race to take over FleetBoston Financial in October 2003, he knew he had to move fast or get left behind in the rapid consolidation of the banking industry. J.P. Morgan Chase, which had stumbled after the downturn on Wall Street in 2000 and was looking for a bigger retail presence, as well as an eventual successor to CEO Harrison, turned out to be the ideal match. "Every single one of our businesses is enhanced...

Author: /time Magazine | Title: Dimon's Jewel | 1/26/2004 | See Source »

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