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Russia's aging nuclear-powered submarine fleet has long been an accident waiting to happen. Over the past decade, Moscow's dwindling finances have forced it to scrap some two thirds of its nuclear submarine fleet; up to 100 obsolete, rusting vessels with nuclear reactors and fuel still aboard are scattered along the Kola Peninsula coastline, simply because Russia can't afford the cost of decommissioning them. But nobody would have expected the accident, when it came, to strike the Kursk, a spanking new Oscar II-class nuclear sub that only went into service...

Author: /time Magazine | Title: For Russia's Nukes, Sunken Sub Just Tip of the Iceberg | 8/14/2000 | See Source »

...Both black boxes were recovered, and the wealth of witnesses should make it easy to reconstruct the plane's final moments. Just what went wrong with the left-side engines remains a mystery for now. Authorities will seriously look into the possibility that a blown tire on takeoff sent scrap rubber screaming into the engine inlets, triggering a fire. In 1981 the National Transportation Safety Board in the U.S. warned Concorde operators about blowout risk after four takeoff incidents. Pilots say a fully loaded Concorde's takeoff speed and maximum tire speed can come perilously close...

Author: /time Magazine | Title: Fatal Seconds | 8/7/2000 | See Source »

...wasn't long ago that repealing the estate tax was considered a Republican pipe dream. Even the Contract with America, Newt Gingrich's revolutionary manifesto, didn't dare scrap the progressive-era levy on inheritances, which annually raises some $50 billion. How things have changed. Last month the House voted to kill the estate tax, with scores of Democrats joining the G.O.P. Last week the Senate followed suit, with nine Democrats supporting the Republican majority. President Clinton vows he will veto the measure when it hits his desk this week, calling it too expensive and a subsidy for the rich...

Author: /time Magazine | Title: Estate Taxes | 7/24/2000 | See Source »

...proving adept at outflanking Washington in the diplomatic battle over the scheme. And that should sound a warning to the next U.S. president that the free ride from Russia is over. Putin visited Pyongyang Wednesday, and got North Korea's "Dear Leader" Kim Jong Il to agree to scrap his missile program in exchange for help with civilian space exploration. The specifics of the plan - which include the somewhat unlikely scenario of the U.S. supplying North Korea with a civilian rocket program - are less important than the overall picture. Washington insisted it needed to build its National Missile Defense program...

Author: /time Magazine | Title: Memo to Washington: The Russians Are Back! | 7/19/2000 | See Source »

...filled balloon for passenger travel, and even when the lifting gas was replaced by helium, passengers never again trusted the big airships. The last Zeppelin made, the LZ 130, rolled out of the hangar in Friedrichshafen, near the Swiss-German border, in 1938, and it was eventually turned into scrap. At 246-ft. long, the ship that Danneker will pilot, the new Zeppelin NT--for new technology--will disappoint those expecting to see hotels embedded in the bellies of stadium-size behemoths. German regulations limit the number of people aboard a commuter aircraft to 19, and the Zeppelin NT will...

Author: /time Magazine | Title: More Than Hot Air | 7/17/2000 | See Source »

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