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Viewed from Australia, the French measures seem timid and slow. Australia's 20 biggest winemakers account for 85% of the market, and they have reacted quickly, cutting prices and taking the financial hit early by writing down the value of their stock. Some grape growers are pruning back vines or switching to citrus or almonds. Even so, Sam Tolley, chief executive of the Australian Wine and Brandy Corporation, the government body that oversees the wine industry, reckons it will take at least an additional two years before supply and demand get back in line...
...bond tour, during which they were heroically--and, in their view, erroneously--lionized. Almost simultaneously with Flags, Eastwood, 76, made another film, Letters from Iwo Jima, that tells the story of the battle from the Japanese point of view. To be released Feb. 9, it's a horrifying account of men forced into a suicidal defense of the island by an imperial state. Its leading figures are two soldiers who question such fanaticism. The two films constitute a meditation on the nature of heroism, and the director sat down with TIME's Richard Schickel (a longtime friend) to reflect further...
After getting socked with a late fee and finance charge on my Kohl's account in May, I called to plead my case. How could a $45.08 pair of sneakers result in a $70.58 charge? O.K., I was two days late. Still, the $25 late fee and 50¢ finance charge came to a whopping annualized penalty rate of more than 21,000%. A local loan shark would have cut me a better deal. The Kohl's rep's response: "It's perfectly legal, and everybody does...
...Look for recurring fees. You may have signed up for a card with no annual fee, but that doesn't mean one wasn't tacked on. There is also a fee (up to $39) for spending beyond your credit limit and one for paying by phone ($15). Penalty fees account for a third of the industry's revenue, twice the share it was 10 years...
...named David Goldberg," Froman recalls. "Most of the class were liberals, but there was a growing conservative Federalist Society presence, and there were real fights between right and left about almost every issue. Barack won the election because the conservatives thought he would take their arguments into account...