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...CAAC has not revealed how it plans to boost the performance of its carriers so they can compete in international markets, nor have plans for industry consolidation been made public. Opinions are divided as to whether shrinking the number of carriers - in effect, creating a more monopolistic market - will relieve the industry's growing pains. Adrian Lowe, airline analyst at stockbroker CLSA in Hong Kong, says consolidation will improve service and allow airlines to be smarter about how they route their flights, leading to fewer delays. "It can only improve things for the customer," he says...

Author: /time Magazine | Title: Cleared for Takeoff | 1/23/2008 | See Source »

...security implications of rising temperatures, including resource wars and refugees fleeing drought and famine. "I often find people remain skeptical of global warming," says James Woolsey, a former director of the Central Intelligence Agency under former U.S. President Bill Clinton. "But when you start talking about the effect it could have on security, suddenly green things like [solar power] sound a lot better...

Author: /time Magazine | Title: Wind Shift | 1/23/2008 | See Source »

...Even if a climate-change bill bogs down in Congress this year, the consensus is that passage of some kind of carbon-capping legislation would likely pass in 2009. That might seem unforgivably late to Europeans, but the effect on stalled international efforts to combat global warming would be enormous. The U.S. could take a leadership position in negotiations, while China and India - which use American inaction as an excuse for their own foot-dragging - would come under greater pressure to control their rapidly increasing greenhouse-gas emissions. "The world conversation will be joined in a very different way," says...

Author: /time Magazine | Title: Wind Shift | 1/23/2008 | See Source »

...Will Be Blood - were released by the so-called indie subsidiaries of the majors. Michael Clayton is the one official studio release, and that got made only when its star, George Clooney, ever so charmingly put a gun to Warner's corporate groin, cocked the trigger and said, in effect, "Please. Or I'll squeeze...

Author: /time Magazine | Title: The Downsizing of Oscar | 1/22/2008 | See Source »

...that booster effect tends to work best when there are only one or two candidates in the race for the nomination. If three or four candidates are still in the fray on February 5, the arrangement could have the effect of further splintering the race rather than consolidating support for a winner...

Author: /time Magazine | Title: A Split Decision on Super Tuesday? | 1/21/2008 | See Source »

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