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That kind of talk has mobilized political leaders across Europe - many of whom are now screaming for European Central Bank (ECB) authorities to intervene with measures to bring exchange rates back into balance. French President Nicolas Sarkozy in particular has been scathing in his demands that the ECB drop its obsession with controlling inflation and, instead, introduce measures that would allow European economies to expand faster. As part of that, the French are calling on the ECB to reduce its benchmark lending rate of 4% in much the way the U.S. Federal Reserve has in the past months. That move...

Author: /time Magazine | Title: Europe Longs for a Weaker Euro | 3/13/2008 | See Source »

This opacity doesn’t just make the Ad Board a feared institution among undergraduates, it also defeats one of its central aims: to educate students. Lewis writes that the Board rarely provides “any opportunity for education, which is, after all, what the disciplinary system is designed to accomplish...

Author: By Nicole G. White, CRIMSON STAFF WRITER | Title: Tough Love | 3/12/2008 | See Source »

Even once in awhile a military man achieves immortality by jumping onto a hand grenade to take the explosion and save his buddies' lives. That, essentially, is what Admiral William "Fox" Fallon, chief of U.S. Central Command, did on Tuesday. But the "grenade" that ended his 41-year military career was a fawning profile in the latest issue of Esquire magazine - an article that pitted him against President Bush, and one with whose author Fallon had cooperated. "He jumped," one Navy officer said, "on a hand grenade that he threw...

Author: /time Magazine | Title: Iran Dissent Cost Fallon His Job | 3/12/2008 | See Source »

...treadmills, elliptical machines, and stationary bicycles will be added, each featuring its own satellite television screen—the reason many undergraduates make the trip to the Law School gym. “In response to feedback from our community, we are further upgrading the MAC, a facility central to the physical well-being and emotional health of our students, faculty, and staff,” Dean of the Faculty Michael D. Smith said in a statement. The improvements come one month after Athletic Director Robert L. Scalise assumed a high-ranking position inside of University Hall, as interim executive...

Author: By Samuel P. Jacobs, CRIMSON STAFF WRITER | Title: Television Screens To Arrive At MAC | 3/11/2008 | See Source »

...Bottom about just how the deep thoughts of the "Professor Pontiff" might influence public policy. One example was Benedict's provocative 2006 discourse about religion and violence in Regensberg, Germany, which initially angered many Muslims but has also helped recast the worldwide "Clash of Civilizations" debate. "One of his central preoccupations has always been about reconciling faith and reason," Glendon said of the Pope. "He wants to know how religions can come to terms with the enlightenment...

Author: /time Magazine | Title: Washington's Woman at the Vatican | 3/11/2008 | See Source »

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