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This expanse of high desert 35 miles southwest of Truth or Consequences, N.M., is the site of Spaceport America, a collaborative effort between the state and Richard Branson's space enterprise, Virgin Galactic, that hopes to send private citizens into near orbit as early as 2011. New Mexico is spending $198 million on construction; Virgin Galactic will lease the place for 20 years at a price of $200 million to $250 million. (See pictures of billionaire Richard Branson...

Author: /time Magazine | Title: Postcard from Las Cruces | 12/14/2009 | See Source »

Supporters expect the project to mean great things for the Land of Enchantment. With site tours and a museum planned, organizers hope to welcome 1 million visitors annually. An independent study has forecast up to 5,000 new jobs and a $1 billion boost to the region's economy as Virgin Galactic and other aerospace companies move from tourism into commercial spaceflight like low-cost satellite launches...

Author: /time Magazine | Title: Postcard from Las Cruces | 12/14/2009 | See Source »

...Mexico meets its future, however, it has to reckon with its past. Human habitation here dates back 12,000 years; in the 16th century the storied Camino Real - a 1,500-mile trade route from Mexico City to San Juan Pueblo, near Santa Fe - passed through the spaceport site. Because of this history, the Federal Government required a cultural-resources survey before construction could begin, as well as constant monitoring since. So on this balmy afternoon, archaeologist Elizabeth Oster is examining a spot she says is "right smack in the middle of the runway." If she unearths anything of scientific...

Author: /time Magazine | Title: Postcard from Las Cruces | 12/14/2009 | See Source »

...Wrottesley, of course, believes they will, and he's already planning additional features to this beta version. He'll be adding New Bond Street to Near London early in 2010, and there are plans to recreate other London shopping zones, including Knightsbridge and Kensington. The site will also soon feature advertisements on billboards, buses and taxis, up-to-the-minute headlines on newsstands and even simulated weather that will mirror real-time conditions. Movie theaters, hotels, restaurants and bars could be part of the mix, too. Click on a theater, and you might watch trailers of what's on; visit...

Author: /time Magazine | Title: London Shopping Stressful? Try Virtual Oxford Street | 12/12/2009 | See Source »

...Near Global has invested around $16.5 million in its London site. Wrottesley expects a quick return. Some revenues come from fees paid by client retailers. But all retailers, clients or not, also pay for clicks to their sites, and Near Global also earns a commission on all items sold. Advertisements will generate additional income. Little wonder that Near Global is talking to a potential partner about doing virtual versions of major U.S. cities, starting with New York. A virtual Tokyo is also high on the to-do list. Soon you might be able to enjoy a shopping spree that takes...

Author: /time Magazine | Title: London Shopping Stressful? Try Virtual Oxford Street | 12/12/2009 | See Source »

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