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...Development in Paris, though he concedes that the introduction of the euro brought with it some "terrible problems of perception." (Researchers are busy trying to figure out why - see sidebar.) Economists fear that that the credibility of official statistics could be undermined altogether, with potentially serious consequences. "An economy cannot function if half the people think that inflation is at 100% and the other half think that it's at 2%," frets Giovannini...

Author: /time Magazine | Title: Is the Good Life Out of Reach? | 2/15/2007 | See Source »

...Bush so much that it salivates at any hint of misdeed, whether warranted or not. There are plenty of reasons to criticize the Bush Administration, but special prosecutor Patrick Fitzgerald is wasting hundreds of thousands of tax dollars on a case he made up because I. Lewis (Scooter) Libby cannot remember exactly how conversations went three years ago. I would be in real trouble if I were in Libby's spot, since I can't remember what I said last week...

Author: /time Magazine | Title: Letters: Feb. 26, 2007 | 2/15/2007 | See Source »

...debate on carbon emissions and climate change heats up [Jan. 29], I am amazed that a lot of discussions ignore overpopulation. We have been breeding like locusts, filling every available space and devouring all available resources. The planet simply cannot sustain such population growth. Tackling this problem raises difficult moral, ethical and sociological issues. But if we ignore it, the consequences for humankind are unimaginable...

Author: /time Magazine | Title: Letters: Feb. 26, 2007 | 2/15/2007 | See Source »

...Many in the U.S. are now learning that democracy cannot be imposed by military force...

Author: /time Magazine | Title: Give Force a Chance | 2/15/2007 | See Source »

...politicians in check, and are first to smack down the loons who want to shut down fossil-fuel industries. In Australia, the dynamic in grass-roots politics and public policy is toward immediate action. A joint government-business Task Group on Emissions Trading last week said "the warning signs cannot be ignored." "While debate continues about the precise scale, consequences and costs of climate change, and the scope for long-term adaptation to global warming, there is growing acknowledgment that governments, individually and collectively, should act to mitigate the emission of greenhouse gases...

Author: /time Magazine | Title: Ready or Not, Here Come the Carbon Traders | 2/15/2007 | See Source »

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