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...potentially damaging one of the few bright spots in countries such as Germany, where exports defied the larger slump to grow 2.9% last year. (For more on the European economy, see business.) Europe's own woes make it unlikely the dollar will spiral much further, and investors won't abandon the U.S. "I find it difficult to believe that people will buy European assets thinking, 'Hey, what a great place this is!" says Tony Norfield, head of foreign-exchange research at ABN AMRO in London. But as the U.S. digested a raft of bad news last Friday - including a surprise...

Author: /time Magazine | Title: It's Not Easy Being a Greenback | 1/19/2003 | See Source »

...Republicans made a real effort to expand their outreach. One step would be for Bill Frist, Lott's successor as Senate Republican leader, to sit down with Henderson and the Congressional Black Caucus to find areas of agreement. It's probably too much to expect the Republicans to abandon their opposition to affirmative action, but they might be willing to talk the President out of some ultraconservative judicial appointments. Even better, on the theory that confession is the first step to redemption, Bush could deliver a speech acknowledging the G.O.P.'s addiction to race-baiting politics and making it clear...

Author: /time Magazine | Title: Erasing Trent Lott's Legacy | 1/13/2003 | See Source »

...bluff, ignoring warnings and raising the stakes. Kim chose not to buy more time by denying the U.S.'s evidence that he had started a secret uranium-enrichment program. The U.S. and its allies halted fuel-oil deliveries to North Korea; at that point, instead of agreeing to abandon the uranium project, Kim got ready to fire up the Yongbyon complex, which the regime had mothballed under the terms of the 1994 Agreed Framework negotiated by the Clinton Administration. And by removing the spent-fuel seals, opening the reprocessing plant and expelling inspectors, Kim has gone even further than anticipated...

Author: /time Magazine | Title: How Dangerous Is North Korea? | 1/13/2003 | See Source »

...softened the U.S. stance somewhat. Unlike its nearly unilateral approach to Iraq, the Bush administration has been actively consulting with North Korea's neighbors during the nuclear crisis. Bush spent 15 minutes on the phone last week with Chinese Presi-dent Jiang Zemin. (China has urged North Korea to abandon its nuclear-wea-pons program.) Over the weekend, Assistant Secretary of State for East Asian Affairs James Kelly was scheduled to meet with representatives of South Korea, China, Japan and other countries. More tellingly, the U.S. last week even opened a channel of communication with the North. New Mexico Governor...

Author: /time Magazine | Title: Not on the Same Page | 1/13/2003 | See Source »

...Moss’ earliest films, Riverdogs, which documented one of the last river trips that he made with his friends. The images—immediately distinguishable from the modern footage by their grainy, nostalgic texture—portray the experiences of a group of seventeen twenty-somethings reluctant to abandon the adolescence that they have long outgrown...

Author: By Ben B. Chung, CONTRIBUTING WRITER | Title: VES Lecturer’s Film Screens at Sundance | 1/10/2003 | See Source »

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