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...that to make a million bucks, you have to start with ten million. In a business with five percent margins even in good years, the combination of bloated personnel costs, poor labor-management relations, high fuel prices and the rise of pesky low-fare, good-service airlines like Southwest have all helped drive the old legacy carriers into the red. Now two of them, Delta and Northwest, have declared bankruptcy; another, much smaller airline, Virginia-based Independence Air, may soon join them. Couple that with two other flyers, United and U.S. Airways, which have been languishing in Chapter...

Author: /time Magazine | Title: Airline Bankruptcies and You | 9/15/2005 | See Source »

...city started to move last year on earlier filings for groundwater rights in Clark, Lincoln and White Pine counties, setting off a water war that could be repeated across the parched but popular Southwest. Let the Las Vegans have their way, other Nevadans warn, and you could upset a complex web of aquifers that run as far away as California's Death Valley and western Utah, where Snake Valley partly lies. That could do irreversible damage to plant, wildlife and human populations all sipping from the same limited supply. For every desert population center, there is a similarly limited supply...

Author: /time Magazine | Title: Western Water Wars | 8/28/2005 | See Source »

...democracia como una batalla campal. Ese es el oficio de Antonio Gonz?lez, quien dirige la maquinaria pol?tica sin afiliaci?n de partido m?s antigua del pa?s?el Southwest Voter Registration Education Project (SVREP) y su brazo pol?tico, el William C. Vel?squez Institute. Su trabajo carece de glamour?armar casillas de inscripci?n en las bodegas, analizar datos del censo, capacitar los candidatos a la junta escolar. Pero los resultados han sido espectaculares. Cuando Gonz?lez, un veterano activista comunitario de 48 a?os, tom? las riendas de la organizaci?n en 1994, s?lo 5 millones de hispanos estaban inscritos para votar en todo el pa?s...

Author: /time Magazine | Title: Antonio Gonz?lez | 8/15/2005 | See Source »

...Nelson Mandela. I suspect he's the greatest living person of the last 100 years. As far as business, Herb Kelleher, [founder of] Southwest [Airlines], is incredible. The only problem is, when I have lunch with him, I end up starting to smoke again, so I'm trying not to see him for a while...

Author: /time Magazine | Title: CEO Speaks: Crossing The Pond | 7/18/2005 | See Source »

...International University shouldn't have had that much trouble attracting applicants. Yet not even putting precepts taught by a pro golfer could save Hagi from recently becoming the first university in Japan to apply for bankruptcy protection because of a lack of students. The international-relations school, located in southwest Japan, opened in 1999 at a cost of $58 million, but was never able to get off the ground. Today, it has 194 students?16% of the target class size. "The school was undercapacitated from the start, and our recruitment strategy was prematurely planned," says a university official...

Author: /time Magazine | Title: Economics 101 | 7/4/2005 | See Source »

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