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...test flight over Maryland last week, the Pentagon's F-35 jet fighter landed vertically for the first time - like a helicopter - as it was vaunted to do. But at just about the same time, its price tag was climbing in the other direction. A Swiss Army knife of the skies, it's designed for vertical takeoff and landing to please the Marines and their smaller ships, while more conventional versions are slated to satisfy the demands of the Air Force and Navy. All of a sudden, however, the F-35 is in big trouble. On Wednesday, Defense Secretary Robert...

Author: /time Magazine | Title: The Costly F-35: The Saga of America's Next Fighter Jet | 3/25/2010 | See Source »

...rush to build the F-35 has led to ever-changing blueprints, which has led to slowdowns on the production line, which has delayed flight testing. How bad is it? Last year, engineers expected to churn out 200 changes - a month! - to the F-35's design, but actually generated about 500. Even after Gates' restructuring, taxpayers could spend close to $60 billion on more than 300 F-35s before flight testing is finished, meaning costly modifications will be required...

Author: /time Magazine | Title: The Costly F-35: The Saga of America's Next Fighter Jet | 3/25/2010 | See Source »

...Macau in 2009, which is three times Las Vegas' $5 billion, according to Brashear, and both Wynn and LVS relied on Macau for more than 60% of their earnings in 2009. "The expansion in Asia has been unbelievable," says Brashear. "There's 2.5 billion people within a five-hour flight of Macau, and that's nearly 40% of the world's population...

Author: /time Magazine | Title: Why Carl Icahn Is Wagering Big on Casinos | 3/23/2010 | See Source »

...emotional transition was not without rewards. Right where Reeds competitive jumping career ended, her collegiate track career took flight...

Author: By Aparajita Tripathi, CONTRIBUTING WRITER | Title: Skipping All The Way To The Track | 3/23/2010 | See Source »

...recent report ... has the aviation alarmists in an uproar ... Unprofessional conduct by the controllers involved? Yes. Any effect on the safety of flight? No ... The boy was clearly saying what he was told to say ... There are enough real issues regarding aviation safety without having to manufacture phantom issues. The pilots on the receiving end clearly had no concerns. No one else should either." --3/3/10...

Author: /time Magazine | Title: Verbatim | 3/22/2010 | See Source »

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