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...business travelers tighten their belts, the hospitality industry feels the pain. Hotel-occupancy rates declined across almost all of Asia last year, according to a report by hotel-industry analyst PKF Consulting in Hong Kong. Asian airlines are struggling through their first serious slump since the industry took off in the 1970s. They are laying off staff members, canceling routes and airplane orders, and cutting back on in-flight food and beverage services. Even in economically buoyant China, the going is no longer as good as it was. The Middle Kingdom relies heavily on Southeast Asian foreign investment, and industry...

Author: /time Magazine | Title: Asia's Bargains | 5/25/1998 | See Source »

...performance-inducing drug, according to the International Olympic Committee, but they?re going to ban it anyway. Stung by being forced to restore the gold medal to Canadian snowboarder Ross Rebagliati, who had been disqualified at Nagano after testing positive for the substance, the IOC today announced plans to tighten up its testing regulations to include the ?social drug.? Prince Alexandre de Merode of the IOC medical commission said the danger with marijuana was that ?it can give you the impression that you are indestructible.? No word on the IOC?s attitude toward footwear commercials that tell you the same...

Author: /time Magazine | Title: Marijuana Faces Olympic Ban | 4/27/1998 | See Source »

...proclaim how he would save the nation last week, he calmly planted his chin on his chest and without once raising his eyes or changing his expression, began to read: "The era we are about to enter is filled with changes...continue the enhancement of what is already satisfactory...tighten our belts... I ask you for your prayers." Fifteen minutes later he sat down, his eyes flickering closed. He had done it again: the smiling general had confounded everyone. He had said precisely nothing...

Author: /time Magazine | Title: Indonesia On The Brink | 3/23/1998 | See Source »

...Crimson is to be assured of a playoff spot, it must tighten up on the defensive end, especially against Princeton, who burned Harvard for five goals in a win earlier in the season...

Author: By Richard A. Perez, CONTRIBUTING WRITER | Title: W. Hockey Fighting for Playoffs | 2/27/1998 | See Source »

Congress has also begun to put pressure on the art community to tighten its acquisition practices. Last week, the House Banking Committee held hearings on the laws regulating the import of artworks...

Author: By Stephanie K. Clifford, CONTRIBUTING WRITER | Title: Harvard Art Museums Involved in Documentation Controversy | 2/19/1998 | See Source »

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