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...million to license the U.S. technology, investing around $100 million in spaceships and infrastructure. "It would be a waste to sit on the beach all day," Branson told TIME. "I get my pleasure creating things other people can be proud of." But it's not all smooth sailing: shares in U.K. cell-phone operator Virgin Mobile dipped below their July offer price; and at the rollout of Virgin Trains' latest high-speed service in Britain , two of the $20 million trains were temporarily taken out of service on opening day. Within a new 53-strong fleet, "you're going...

Author: /time Magazine | Title: Bizwatch | 10/3/2004 | See Source »

...which has contributed massively to the country's climb to prosperity over the last two decades, makes a positive result all but assured. Even the Popular Party is counselling a yes vote. Yet Spain's relations with the Continent's two biggest states might not always be so smooth as during last week's get-together. Germany, a net payer to the E.U.'s coffers, is taking a hard line on holding down spending on regional and agricultural funds. Spain has been a net recipient of an average of €6 billion per year of E.U. aid over the last...

Author: /time Magazine | Title: The Zen Of Zapatero | 9/19/2004 | See Source »

...grim it actually refers to the stars of the series, cousins Fone Bone, Smiley Bone and Phoney Bone, who couldn't be less threatening. Like the Hobbits, the Bones are a peculiar-looking, diminutive race. They are pure cartoon - cute and pantsless, with four fingers on each hand and smooth, rounded, sexless bodies. At first their personalities are similarly simple. Fone, the dreamy one, must constantly get out of the scrapes created by Phoney, the avaricious schemer, and Smiley, a goofball comic foil whose tongue hangs out like a friendly dog's. Over the book's course the characters change...

Author: /time Magazine | Title: No Bones About It | 9/17/2004 | See Source »

...with premium products and services--whether that means buying a $290 face cream in New York City or a $9,000 LCD TV in Tokyo. Luxury now enters every room in the house: LauraStar, a global ironing-supply company, sells an ironing system for $999, above. The better to smooth out those proverbial wrinkles in the bank statement. --Kate Betts

Author: /time Magazine | Title: Hey, Big Spenders | 9/14/2004 | See Source »

...poster boy swam like a perfect machine, but then so did his Australian rival Ian Thorpe. Both seemed less vexed by their competition than in mutual awe. When they glanced at each other across the pool, their expressions seemed to say, You can do that too? Phelps was impeccably smooth, as were most of the Americans, who won most of the events. The BALCO scandal was supposed to have crippled the U.S. goal of 100 medals, which was met late Saturday night. The medals came in a torrent, and the young legs of Justin Gatlin and Shawn Crawford were almost...

Author: /time Magazine | Title: Fever Pitch | 9/6/2004 | See Source »

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