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...rigorous new accounting system that for the first time details the cost of every service. Perhaps most significantly, the workings of the national budget have just been revamped; a new law requires government ministries to justify every item of their spending. The French are some five years behind Britain and Sweden with such measures, but they hope to learn from others' mistakes. If they can, the new system could put an end to reckless French government spending that has led to a fivefold increase in the national debt to €1.1 trillion over the past 25 years. "It signals...

Author: /time Magazine | Title: Up to a Better Tomorrow | 4/23/2006 | See Source »

...nations to ensure that their tampering did not leave Egyptians dry and hungry. In 1270, the Orthodox Church in Cairo exercised its control over Ethiopia and the Blue Nile by refusing to send a bishop to anoint an Ethiopian King. In the 20th century, Egypt signed a treaty with Britain that essentially gave Cairo full control over the Nile's waters. Much to its neighbors' disgust, Egypt held them to the pact even after they gained independence from Britain. As recently as the 1970s, Egyptian President Anwar Sadat warned that "any action that would endanger the waters of the Blue...

Author: /time Magazine | Title: The Waters Of Life | 4/23/2006 | See Source »

...first days I'm really upset at the Slingbox.'' He hasn't had much time for disappointment. Krikorian had flown to Cannes to announce that Sling Media will soon start selling Slingbox in Europe and Asia; he told Time that his product will hit high-street retailers in Britain and other European and Asian countries in May (even if his company won't yet reveal prices or which chains will carry it). According to Krikorian, the company has sold over 100,000 Slingboxes in the U.S. since introducing it there less than a year ago, with the price at around...

Author: /time Magazine | Title: Slinging Lessons | 4/23/2006 | See Source »

...DIED. Sir Jack Cater, 84, Hong Kong corruption-fighter widely credited with eliminating endemic graft in the then colony in the 1970s; on Britain's Channel Island of Guernsey. As head of the newly formed Independent Commission Against Corruption (ICAC), the ex-Royal Air Force squadron leader cracked down on the city's notoriously crooked police force and inefficient bureaucracy. He was appointed Hong Kong's Chief Secretary in 1978 under Governor Murray MacLehose, and later became its Commissioner to London before retiring from government...

Author: /time Magazine | Title: Milestones | 4/23/2006 | See Source »

...Austin in 1980 by vegan-hippie John Mackey as a natural and organic supermarket (one of fewer than half a dozen in the nation at the time) with a staff of 19, Whole Foods has grown to encompass 181 stores in 30 states, the District of Columbia, Canada and Britain, with 40,000 employees and 64 more stores in development. Annual sales reached $4.7 billion in 2004, and the company aims to arrive at $12 billion by 2010. Its stock price has shot up 62% in the past year, and same-store sales have increased 13% for three years...

Author: /time Magazine | Title: whole Foods: Green Giant | 4/20/2006 | See Source »

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