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...copters. They wouldn't miss me-and they might not miss the $50 million either. Though its constitution officially prohibits war and its army and navy are innocuously called the Self-Defense Forces (SDF), Japan is a stealth military power, with an annual budget of around $42 billion-the sixth largest in the world. Despite all that money, Japan's armed forces have traditionally kept a very low profile, at home and abroad. But that's changing. Over the past few years, Japanese forces have taken part in operations in Iraq and the Indian Ocean. Conservative Prime Minister Shinzo...

Author: /time Magazine | Title: Japan's Stealthy Military | 2/22/2007 | See Source »

...received, government funding dried up. By 2000, President Putin, frustrated with ever-increasing delays in the Old Theater reconstruction project, ordered the Bolshoi to report directly to the Ministry of Culture, which would keep a tight rein on its finances. By the following year, the Bolshoi's estimated annual budget was substantially lower than other top ballet companies. But now, with more dancers, more productions, lavish tours and the very expensive Old Theater renovation, there's clearly millions more being thrown at the Bolshoi than before Ratmansky's arrival...

Author: /time Magazine | Title: Retaking Center Stage | 2/22/2007 | See Source »

...laugh. It works.) PayPal co-founder Elon Musk, who has a NASA contract to build a robotic Pony Express to the International Space Station (ISS), is pouring his own millions into a ship for galactic travelers at his factory south of Los Angeles. Robert Bigelow, founder of Budget Suites of America, already has a small-scale, inflatable space station--hotel in orbit, an outgrowth of his curiosity about UFOs. New Mexico wants to become the Cape Canaveral of space tourism, but six other proposed spaceports across the country are vying for business too. There's even an Orbital Outfitters store...

Author: /time Magazine | Title: The Space Cowboys | 2/22/2007 | See Source »

Bigelow's space habitat is admittedly more Budget Suites than Four Seasons right now, but his intent was never to be just an extraterrestrial hotelier. He has long talked of pharmaceutical companies doing research--particularly cancer research--in the microgravity environment of space. That Genesis even exists stuns the man behind TransHab's design, former NASA engineer William Schneider, who visits Bigelow Aerospace in North Las Vegas every few weeks to monitor progress on the full-size habitat, set for launch by 2010. "I went to humor him at first, but when I got there, he had built TransHab...

Author: /time Magazine | Title: The Space Cowboys | 2/22/2007 | See Source »

...everyone starting to feel like the wintry mix will never stop, take comfort: Spring break is fast approaching, and FM has found the perfect getaways for those on a tight schedule and an even tighter budget. Booze Cruisin’ Fly south to Ft. Lauderdale for $180 on JetBlue and hop aboard a Bahamas-bound cruise. Set sail with an all inclusive (read: open bar) spring-break package. For $372 a piece, you and three friends get food, drinks, gambling, and the time of your life. www.bahamasun.com, www.jetblue.com Paris (and London) in the Springtime Can’t decide where...

Author: By Allegra M Richards, CONTRIBUTING WRITER | Title: Spring-Break Broke? | 2/21/2007 | See Source »

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