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...Shuttle Successor Orion set to blast off by 2014 NASA has awarded Lockheed a multibillion-dollar contract to build the next manned space vehicle. Orion's design is winning praise, but skeptics wonder if future Administrations will fund...

Author: /time Magazine | Title: What's Next: Sep. 11, 2006 | 9/3/2006 | See Source »

...Middle East had succeeded in driving a wedge between the U.S. and the most important continental European countries, Germany and France. British Prime Minister Tony Blair was unwavering in his support of U.S. strategy, but the British public came to regard Blair as an American poodle, and his Conservative successor David Cameron was far cooler toward Washington...

Author: /time Magazine | Title: The Nation That Fell To Earth | 9/3/2006 | See Source »

Greenspan's successor at the Fed, the academic economist Ben Bernanke, was in a quandary. Should he worry about growth or inflation? Inflation was creeping up, and yet the combination of higher interest rates and higher fuel prices threatened to depress consumption. Bernanke's apparent indecision unnerved the financial markets. By the time the slide in real estate prices signaled the onset of a full-blown recession, the Fed was badly behind the curve...

Author: /time Magazine | Title: The Nation That Fell To Earth | 9/3/2006 | See Source »

...former Cabinet minister, Stephen Byers, who called for inheritance tax to be abolished, arguing that it was now hurting middle-class homeowners, including those in marginal electoral constituencies. It was a politically charged call because Byers is a close ally of Blair and an outspoken opponent of his likely successor Gordon Brown, the Chancellor of the Exchequer. The danger for Labour, Byers told the British broadsheet the Sunday Telegraph, is that when Blair leaves office, as he has promised to do before the next election, "voters will feel that the pragmatic and modernizing approach of New Labour has gone with...

Author: /time Magazine | Title: Death's Other Sting | 8/27/2006 | See Source »

...hasn't been traveling as long and thus isn't stretched as much. That light should be detectable not as microwaves but as infrared--which is why the new telescopes will be fitted with infrared sensors. It's also why the James Webb telescope, NASA's planned successor to the Hubble, will be optimized to see infrared, not visible light...

Author: /time Magazine | Title: How the Stars Were Born | 8/27/2006 | See Source »

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