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...market; its 8GB model topped the scales at $599 when the iPhone was released in June. Yet as of last week, the income segment with the highest percentage of visitors to the iPhone site was 18 to 24 years of age, earning less than $30,000 per year. Could Steve Jobs have been aware of that when he lowered the price of the 8GB iPhone to $399 on Wednesday? We can only guess. But in this case, he has certainly made more than a few bargain-hunters happy...

Author: /time Magazine | Title: Finding Bargains Online | 9/6/2007 | See Source »

MISSING There have been many perils Steve Fossett has handled fearlessly--plummeting 29,000 ft. (9 km) into the ocean in a hot-air balloon or realizing while flying solo that his fuel tanks were leaking. But with a "low threshold" for boredom, he pushed himself to a series of exploratory feats, most famously becoming the first person to fly around the world alone in a hot-air balloon, in 2002. "I don't like to be scared," he said. "I spend a lot of effort figuring out how to reduce risks." It is unclear whether such effort was enough...

Author: /time Magazine | Title: Milestones Sep. 17, 2007 | 9/6/2007 | See Source »

...globetrotters who define this niche, a chain hotel, no matter how ritzy, just won't do. "The resort sector was a little tired and cookie cutter," says America Online founder and former chairman Steve Case. His own frustration as a traveler led him in August to invest in Cacique, an $800 million, eco-friendly resort planned for Costa Rica's northwest coast. To stand out in the crowded luxury field, a boast about sheets with a thread count of 1,200 isn't enough. So Case and other hotel developers are trying to create a new model for luxury. Unlike...

Author: /time Magazine | Title: The Grander Hotel | 9/6/2007 | See Source »

...Wilson has appeared in all five of Anderson's feature films (Bottle Rocket, Rushmore, The Royal Tenenbaums, The Life Aquatic With Steve Zissou and the new one) and co-wrote the first three - the ones I prefer in the the director's oeuvre. The script here is by Anderson, Schwartzman and Roman Coppola (Francis' son, Sofia's brother) and it doesn't add luster to anyone's reputation...

Author: /time Magazine | Title: Owen Wilson: Art Imitates Life | 9/3/2007 | See Source »

...Apple CEO Steve Jobs found Nokia's announcement interesting, there's little doubt that executives at the world's mobile phone networks found it positively riveting. Nokia's download site marks a radical departure from the traditional way of doing things in which handset makers like Nokia have to sell their phones to mobile operators like Vodafone, Orange, T-Mobile and 02. And those companies, in turn, sell services - not just voice calls but increasingly things like ring tones, music and other forms of entertainment - to consumers. In listening to Kallasvuo on Wednesday though, it was clear that Nokia...

Author: /time Magazine | Title: Nokia to Take on Apple at its Own Game | 9/3/2007 | See Source »

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