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...rising water forced the National Park Service to close the Washington, Jefferson and Lincoln monuments, and K Street in historic Georgetown was awash, as a giant low-pressure system moved up the Atlantic Seaboard last week, unloading ten to twelve inches of rain into the James, Potomac and Roanoke river basins. But while Washington was getting its feet wet, parts of Virginia, West Virginia and Maryland were devastated...

Author: /time Magazine | Title: American Notes: Nov 18, 1985 | 4/18/2005 | See Source »

Even with it, Arizona is hardly awash in excess water. Indeed, Babbitt sought to ensure that Arizona's liquid riches would not be squandered, by winning passage in 1980 of the nation's most stringent water-management program. The law discourages the state's farmers from using CAP water to expand production of heavily irrigated cotton and citrus crops by requiring the growers to forgo an amount of groundwater equal to their use of the new supply. The measure also provides for the sale of water rights by farmers to developers and local water systems, thus promoting growth without creating...

Author: /time Magazine | Title: Big Splash in the Arid West | 4/18/2005 | See Source »

...month. "Franck had telephone calls from the whole of France," says Rouiller. "He's a poor miserable man with no intelligence. He had no reason to have contact with people in Montpellier or Lille." Much like the pedophilia scandal that rocked Belgium in 1996, Angers is awash in suspicions that a wider ring of wealthy customers was among the child rapists, and is still at large. Franck has admitted caressing and touching children, but denies raping them. That distinction could halve his prison sentence from 20 to 10 years. Franck has not named his missing customers, but Rouiller hopes their...

Author: /time Magazine | Title: A Town Called Angers | 4/17/2005 | See Source »

Entrusting millions to a grad student might seem foolhardy, but everyone these days seems to be groping for a way to get rich off India. Foreign institutional investors poured $8.9 billion into Indian equities in 2004 and $3 billion so far this year, up from $750 million in 2002. Awash in cash from overseas, Sensex--India's main stock index--has more than doubled in two years to hit a recent all-time high. As Udwadia puts it, "astute foreign investors" recognize that India's rise is "a unique opportunity...

Author: /time Magazine | Title: Investing: India Bubble? | 4/17/2005 | See Source »

...years ago, in the short span of two months, the Organization of Petroleum Exporting Countries arrogantly assaulted the industrialized world by quadrupling oil prices, to $11.65 per bbl. At a four-day meeting in Geneva last week, OPEC showed only a shadow of its former power. With the world awash in oil and consumption down, the once all-powerful OPEC cartel has an ever diminishing impact on global markets...

Author: /time Magazine | Title: Twinkle, Twinkle, Fading Star | 4/12/2005 | See Source »

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