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...global oil supplies coming from geopolitical events in the Middle East," says Lewis Alexander, chief economist at Citi. "If you were to see one of those scenarios play out, that would be a big additional shock. The consequences could be quite dire." True enough. But for now, the greater threat to the global economy remains more prosaic: the real and present danger that battered U.S. consumers will renounce their profligate ways and put away their wallets...

Author: /time Magazine | Title: Bottom Dollar | 11/14/2007 | See Source »

These days most broadband subscribers use either a modem from their cable company or a digital subscriber line (DSL) from their phone company. The first wave of BPL roll-outs doesn't pose much of a threat to the Comcasts and Verizons of the industry, which boast millions of customers and have been selling high-speed access since the late '90s. Some 22 million U.S. households already subscribe to a broadband service, according to Forrester Research analyst Jed Kolko, making it one of the biggest hits of the digital...

Author: /time Magazine | Title: Competition: Power Play | 11/14/2007 | See Source »

Asia's major airlines will soon start feeling the pinch. Airline analysts and executives expect budget carriers to drag down fares throughout Asia. Both Singapore Airlines and Hong Kong's Cathay Pacific, Asia's premier airlines, deny they are cutting prices in response to this new threat. But they have been offering what they call routine special promotions. In May Cathay Pacific sold round trips between Hong Kong and Singapore for $128even less than the $160 fare offered by Singapore-based low-cost carrier Valuair, which started flying that same month. Major airlines "have been advertising prices even lower than...

Author: /time Magazine | Title: Air Raiders | 11/14/2007 | See Source »

With so many budget carriers starting up, they might be a bigger threat to one another than to the major carriers. Thailand has no fewer than seven low-cost operators. In September, Singapore's A-Sonic Aerospace said it plans to start a budget carrier in China with a Chinese state company. Tiny Singapore will be home to three low-cost airlines: Valuair, Jetstar Asia (which boasts Australia's Qantas Airways as a large shareholder) and Tiger Airways (backed by Singapore Airlines). "We'll grow as quickly as we can and fly wherever we can," vows Stephen Johnson of Indigo...

Author: /time Magazine | Title: Air Raiders | 11/14/2007 | See Source »

...absolutely not a threat to anyone. But this does us no good in the media. It is why you do not read about Australia in U.S. newspapers. Practically nothing in Australia is considered worth reporting. In all the 30 years I have lived in New York City, I doubt that I have seen as many front-page stories about my country in the New York Times as you'd get about Israel in a month. Why would you want to know about us? We don't rock your boat or export much you're interested in, except for our admirable...

Author: /time Magazine | Title: The Real Australia | 11/14/2007 | See Source »

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