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...idea, of course, is to prevent the customers from leaving until Mickey has all their money. Disneyland was designed to be a one-day romp for most guests; Disney's California Adventure is a multiple-day, capital-R Resort. "We really transformed Orlando into a resort-vacation destination," says Paul Pressler, chairman of Walt Disney Parks and Resorts. "And now our second park here in Southern California is striving to do the same thing...
...other lesson Disney has learned is to share the cost. In Tokyo, Disney gets a management fee for licensing its brand to DisneySea, but it has invested virtually nothing in the resort. In France the company now owns only 39% of the property. In Hong Kong, Disney has paid only $310 million for a 43% stake in a venture that is valued at around $4 billion...
Most ambitious of all is a new type of bypass procedure that allows surgeons to operate directly on a beating heart without having to resort to a heart-lung machine. Such off-pump surgery requires great technical skill, however, and isn't an option for everyone. (The best candidates have stable heart function and discrete, easily accessible blockages.) Still unknown is whether off-pump grafts last as long as conventional ones or even if the operation makes any real difference to the brain...
DIED. GILBERT TRIGANO, 80, anti-Nazi propagandist who helped develop Club Med into a hedonistic waterside-resort chain; in Paris. A member of the French Resistance, he wrote for a communist paper after the war, later renting tents to the then rustic-themed vacation spots and eventually establishing them as the ultimate sybaritic destinations...
...world? The prevailing mood at this year's World Economic Forum meeting in Davos was that the U.S., once the home of irrational exuberance and dotcom mania, is just so 20th century. Yet the five members of TIME's Board of Economists, which convened in the Swiss ski resort, were less than unanimous. No one disputed that the U.S. economy is slowing and could even grind toward a recession, though most agreed that a recovery would come by late this year. The hottest debate was over Europe's ability to isolate itself from the woes across the Atlantic...