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...billion loss. "Under this case, a total industry collapse is virtually certain," says the report. Such an event would ripple throughout the economy, since the US aviation market is huge: it is valued at $800 billion and employs 10 million jobs. The ATA's study concludes by raising the specter of a dire proposition: "...it becomes starkly clear that...the forced nationalization of our airline system" is one of the risks the country confronts...

Author: /time Magazine | Title: U.S. Airlines: From Bad to Nationalized? | 3/10/2003 | See Source »

...Council allies, like Britain, Spain and Bulgaria, may be more convinced of the Bush administration's political case, but they find themselves swimming against the tide of European public opinion and are showing little sign of convincing the antiwar camp. Until now, Washington may have been hoping that the specter of the U.S. rendering the UN irrelevant by acting alone outside of a UN mandate might force the likes of France and Russia to reconsider. But the European antiwar camp appears to be more fearful of the UN becoming irrelevant if it simply rubber-stamps a U.S. policy of which...

Author: /time Magazine | Title: Is Saddam a Menace or a Nuisance? | 2/19/2003 | See Source »

...captured member of Jemaah Islamiah, the regional network of Islamic militants blamed for the Bali attack, told investigators that the group began planning strikes more than a year ago on "soft" targets such as bars, restaurants and clubs frequented by foreigners. The specter of a war in Iraq brings with it the very real possibility that JI and its like-minded terrorist brethren will ratchet up such operations. This makes the conclusion that the Bali blasts were probably triggered by Southeast Asia's first known suicide bombers "highly alarming" given the challenges presented by terrorists willing to die, says...

Author: /time Magazine | Title: Suicidal Terror | 2/10/2003 | See Source »

...Israel, public schools teach children how to put on gas masks to protect themselves from an Iraqi attack. These young Israelis confront the specter of chemical and biological warfare every time they practice with their masks. In the United States, we go to the opposite extreme to shelter children from these types of worries. Persian Gulf G.I. Joes don’t have gas mask for the same reason that they don’t carry miniature condoms. Soldiers carry both types of protective devices, but parents don’t want seven year-olds to learn about sex from...

Author: By Jonathan P. Abel, | Title: Toying with Terrorists | 2/6/2003 | See Source »

...relatively brisk clip of hundreds of feet a year--does not seem to have increased in recent decades. On the other hand, the streams have been extremely erratic--accelerating, decelerating, sometimes even stopping. And miles inland, the streams have shown surprising sensitivity to ocean tides, raising the specter that modest rises in sea level could accelerate their flow...

Author: /time Magazine | Title: Cracking The Ice | 2/3/2003 | See Source »

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