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...Commercial-jet manufacturing is a notoriously difficult business, yet China's boundless business ambition appears to be supported by promising markets. As worldwide air travel steadily increases, airlines will need to buy almost 29,000 planes worth $2.8 trillion over the next two decades, with nearly one-third of them destined for Asian carriers, according to Boeing, the No. 1 manufacturer of commercial jets. In China alone, domestic airlines could spend as much as $340 billion for 3,400 new aircraft - nearly quadrupling the current fleet of about 1,000 - by 2026. There's also booming demand for smaller...

Author: /time Magazine | Title: Eyes on the Skies | 10/11/2007 | See Source »

...diplomatic and economic leverage to "stand up" to the regime, his appeal was largely ignored. Many countries acted as if they agreed with Burma's self-serving claim that the crackdown was simply an "internal matter." Notwithstanding the U.S.'s $500 billion military budget and $13 trillion GDP, its summoning power has dwindled...

Author: /time Magazine | Title: The Human-Rights Vacuum | 10/11/2007 | See Source »

...moaned that “all [the President] cares about is war and more war.” And Sen. Edward M. Kennedy ’54-’56 (D-MA) wailed, “the same President who is willing to throw away half a trillion dollars in Iraq is unwilling to spend a small fraction of that amount to bring health care to American children.” The Democrats must have known for months that the President would veto such a large expansion of the program, yet they went ahead with it to score political...

Author: By Brian J. Bolduc | Title: Think of the Children! | 10/11/2007 | See Source »

...explore in seven offshore blocks, Malaysia this summer launched the deepwater Kikeh field, and Indonesia expects production from its vast Cepu oil field to start next year. East Timor could earn at least $10 billion from the Gap, and Burma has discovered offshore fields that could contain 2.5 trillion cubic feet (70.8 billion cubic meters...

Author: /time Magazine | Title: Sucked into a Black Hole | 10/4/2007 | See Source »

...Bush pushed through that mammoth farm bill that put subsidies back in that were taken out under Newt Gingrich. He oversaw huge increases to federal education. And that's before you even get to his new entitlement, the Medicare Prescription Drug Program, which could add as much as $11.2 trillion in unfunded liabilities to Medicare," Tanner said. "He's been fairly liberal when it came to domestic spending...

Author: /time Magazine | Title: Bush: A Born-Again Conservative? | 9/27/2007 | See Source »

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