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...leaders and politicians have taken note that ultralow oil prices are threatening to stunt domestic production. Gerald Greenwald, vice chairman of Chrysler, sees the peril of another oil shock. Says he: "We've been burned twice before, and we see the elements of No. 3 taking shape." ... The oil bust has spoiled the economics of alternative energy as well. Many of the ballyhooed 1970s-era programs to extract petroleum from oil shale and tar sands have been mothballed because they cost too much to operate. The hundreds of mom-and-pop solar-power companies that sprang up in the past...

Author: /time Magazine | Title: Milestones: 18 Years Ago In Time | 8/16/2004 | See Source »

...That doesn?t mean the Games will be a bust. The facilities themselves are state of the art, these Games have more countries and more athletes than any other, and Athens is primed for some excellent matchups including, of course, the U.S. versus the Aussies in the pool. The Greeks are just keeping it all in perspective, which, given the doping scandals, the ongoing corruption (A Bulgarian official was disinvited after a TV new program appeared to show him talking of bribes) and heat, might be just what the Olympics needs...

Author: /time Magazine | Title: The Games: So Far, Good | 8/13/2004 | See Source »

...discuss the impossibility of getting tickets to the Festspiele. Soon she proudly shares her Wagner calendar, with photos from recent Bayreuth productions signed by assistant directors and former stars: “You are the fourth Rhine Maiden, Sonja.” Next on display is a clay bust of Richard, from her daughter’s days in elementary school...

Author: By Alexander Bevilacqua, | Title: Breakfast in Bayreuth | 8/12/2004 | See Source »

It’s noon by the time I end up at the train station. When I left, the orange-labeled bottle had disappeared. But Sonja was pouring a glass of white wine for herself and the clay bust of Wagner glistened in the sun. My train speeds south to Nuremberg, and soon I am typing up my coverage of Bayreuth—opening hours, phone numbers and other small details. The morning is driven out of my head...

Author: By Alexander Bevilacqua, | Title: Breakfast in Bayreuth | 8/12/2004 | See Source »

Luxury-goods manufacturers are fighting back. They are spending millions of dollars a year on legal teams and private investigators, who work with international customs officials to bust rings of organized counterfeiters. Louis Vuitton is one of the most aggressive manufacturers. The company employs 40 full-time lawyers and 250 freelance investigators around the world, and last year its operatives were involved in 4,200 raids on counterfeiting rings and 8,200 legal actions. Companies like Kate Spade, Chanel and Coach, whose purses are also widely copied, are members of several consortiums of luxury-goods manufacturers that facilitate civil...

Author: /time Magazine | Title: The Purse-Party Blues | 8/2/2004 | See Source »

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