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...ensures that even small incidents make headlines. Since 2006 there have been a growing list of such relatively minor mishaps: burst tires, a burning engine, a fallen engine panel, an aborted takeoff, a forced switch to battery power as a plane landed. The July 25 incident was far more serious. It was "a tremendously bad one," said Qantas CEO Geoff Dixon, "and it's one we regret...

Author: /time Magazine | Title: Qantas Hits More Turbulence | 7/29/2008 | See Source »

...most contentious measures). Two other annual thorns - Band-Aid fixes for a middle-class tax hike known as the alternative minimum tax and an ever growing increase in fees paid by Medicare to doctors - could see permanent solutions next year, though such moves would require a serious look at the tax code and reforming entitlements, both tall orders. "These are big problems. I think these are core policy issues, and having them out there so the public understands and can help build momentum to get these things done is critically important," says Senator Maria Cantwell, a Washington State Democrat...

Author: /time Magazine | Title: Congress Lays Ground for 2009 | 7/29/2008 | See Source »

...find it easiest to opt for becoming British. Robbers hijacked a security van on its way from Manchester to London Monday morning and made off with about 3,000 blank British passports and visas that were destined for embassies overseas. The Foreign Office said the heist amounted to a "serious breach of security" but insisted the blank documents are unusable because of their high-tech-chip security features. "A blank isn't able to be used for crossing a border," said a Foreign Office representative...

Author: /time Magazine | Title: Thousands of UK Passports Stolen | 7/29/2008 | See Source »

...Craig said that while the chip technology would make it difficult to travel into the U.K. on a fake passport, people use passports for a variety of reasons. "People will open up bank accounts, get work and pose as British citizens in outside countries," said Craig. "This is a serious, critical situation." He says the stolen passports are worth about $3,400 each on the black market, and will appeal to "desperate people all over the world...

Author: /time Magazine | Title: Thousands of UK Passports Stolen | 7/29/2008 | See Source »

...takes some serious work to figure out what they are actually getting at. Neither candidate has laid out an actual plan, with specific numbers, to bring America's fiscal house into order. They do, however, offer plans that differ strikingly from each other. McCain's tax plan benefits mostly those in higher income brackets, while Obama's plan benefits mostly those in lower- and middle-income tax brackets. McCain wants a tax cut for corporate profits, while Obama has proposed a whole host of tax cuts that will benefit those in the middle-income brackets. Both candidates have new spending...

Author: /time Magazine | Title: The Candidates' Tax Plans: Fuzzy Math | 7/28/2008 | See Source »

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