General considerations on the unification of A-type and B-type supersy
mmetries in the context of interacting p-branes strongly suggest that
the signature of spacetime includes two timelike dimensions. This lead
s to the puzzle of how ordinary physics with a single timelike dimensi
on emerges. In this letter we suggest that the two timelike dimensions
could be real, and belong to two physical sectors of a single theory
each containing its own timelike dimension. Effectively there is a sin
gle time evolution parameter. We substantiate this idea by constructin
g certain actions for interacting p-branes with signature (n, 2) that
have gauge symmetries and constraints appropriate for a physical inter
pretation with no ghosts. In combination with related ideas and genera
l constraints in S-theory, we are led to a cosmological scenario in wh
ich, after a phase transition, the extra timelike dimension becomes pa
rt of the compactified universe residing inside microscopic matter. Th
e internal space, whose geometry is expected to determine the flavor q
uantum numbers of low energy matter, thus acquires a Minkowski signatu
re. The formalism meshes naturally with a new supersymmetry in the con
text of field theory that we suggested in an earlier paper. The struct
ure of this supersymmetry gives rise to a new Kaluza-Klein type mechan
ism for determining the quantum numbers of low energy families, thus s
uggesting that the extra timelike dimension would be taken into accoun
t in understanding the standard model of particle physics. (C) 1997 El
sevier Science B.V.