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Even more importantly, a British disengagement from E.U. decision-making would aggravate the U.S. Washington wants Britain to be central to European policy, because it believes - with some reason - that London's view on international security and economic issues tends to be closer to its own than that of other European powers...

Author: /time Magazine | Title: The Next Step for the European Union | 10/19/2009 | See Source »

...prices and speedy service. If the élite restaurant opens a branch on every nearby block, it will lose its cachet as well as its customers. Likewise, if the McD's starts serving pricey, five-course meals, its fans will take a hike. That's the central notion of this illuminating book. Maney, a veteran business journalist, calls this dichotomy the "fidelity swap." He argues that there is an inevitable tension between fidelity (quality and snob appeal) and convenience (low cost and ease). The secret of success is deciding which type of product you are selling and staying true...

Author: /time Magazine | Title: Business Books | 10/19/2009 | See Source »

Interbank chairman Carlos Rodriguez-Pastor, one of the drivers of the repatriation strategy, has had two homecomings of his own. His father, also named Carlos, was once Peru's central banker but was forced to leave the country following a military coup in October 1968. "He went from being Peru's central banker to an assistant branch manager at an office in San Francisco," says Rodriguez-Pastor, who was educated at the University of California, Berkeley, and at Dartmouth. His father rose through the ranks of Wells Fargo and returned to Peru as Finance Minister...

Author: /time Magazine | Title: Lima's Lure | 10/19/2009 | See Source »

...ever-smaller circles) and turn every Barça vs. Real Madrid match into a bout for national honor. More substantively - and controversially - the region requires all students to be educated in the Catalan language and is engaged in an ongoing series of debates with the country's central administration in Madrid over governance of the region's infrastructure. For many, bullfighting - especially given its association with the Franco regime, which promoted it as a unifying national spectacle in the 20th century - fits squarely into an "us vs. them" mentality. (Read "Barcelona vs. Real Madrid: More Than a Game...

Author: /time Magazine | Title: Spain's Catalonia Moves to Ban Bullfighting | 10/16/2009 | See Source »

...idea came from Mayor Yury Luzhkov, who is no stranger to playing God. In 2002, he spearheaded a project to reverse the flow of the vast River Ob through Siberia to help irrigate the country's parched Central Asian neighbors. Although that idea hasn't exactly turned out as planned - scientists have said it's not feasible - this time, Luzhkov says, there's no way he can fail. (See TIME's photo-essay "Vladimir Putin: Action Figure...

Author: /time Magazine | Title: Moscow Mayor Promises a Winter Without Snow | 10/16/2009 | See Source »

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