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...slow and painful death for the European sugar sector." One consolation: European confectionery and biscuitmakers say the new prices will make them more competitive. How sweet it is. - By Peter Gumbel Getting Posh In Prague Thanks to the likes of Easyjet and Sky Europe, the flow of budget-conscious tourists into Central and Eastern Europe is becoming a flood: visitors to Budapest are up 37% during the first quarter of 2005; international arrivals in Warsaw in March were up 35% to 509,000; and Serbia has announced $2.8 billion in subsidies to kick-start tourism there. But having skimped...

Author: /time Magazine | Title: Bizwatch | 6/26/2005 | See Source »

...billed as "Style Wars" and "Tea and Empathy." Nancy Reagan, the polished Southern California socialite, and vivacious Raisa Gorbachev, the uniquely style-conscious Soviet First Lady, were advertised as going coiffure to coiffure in a well-scripted spate of public relations appearances while their husbands went eyeball to eyeball over substance behind closed doors. In fact, while the women generated little real warmth in private discussions, they nevertheless displayed a dignity that transcended the much hyped designer-dress face-off. Pressed by a reporter about style-wars comparisons, Nancy Reagan aptly retorted: "I really think that's a little silly...

Author: /time Magazine | Title: Keeping Up Appearances | 6/21/2005 | See Source »

...theater as an art form. His turn to the stage, abandoning a novel halfway through, was an act of desperation. "I lost faith in my own voice, and I liked the stage because the characters do all the talking for you." The shift brought criticism: "I was very conscious of the disapproval of friends and reviewers who felt I was taking a rather sharp step downward." Since then, however, playwriting has won Frayn a wider following and much more money than his earlier ventures: Noises Off has been running for four years in London, and Steven Spielberg paid producers...

Author: /time Magazine | Title: Show Business: Tugging at the Old School Ties | 6/21/2005 | See Source »

Nakasone is acutely conscious of his country's $52.6 billion international trade surplus. While visiting Reagan in Washington three weeks ago, the Prime Minister seemed to promise that Japan would stimulate its economy to boost imports. But at the same time, Japanese officials are trying to bolster the country's exports through intervention in the currency markets. Says Bank of Japan Governor Satoshi Sumita: "We strongly hope the market will stabilize." Despite those politely phrased misgivings, the official Japanese presummit position, from Foreign Ministry Spokesman Yoshio Hatano, is a bland assertion that "the economic conditions in the summit countries...

Author: /time Magazine | Title: High Hopes for a Smooth Trip | 6/21/2005 | See Source »

...revolve around French President François Mitterrand. This year France's position at the summit is cloudier than ever because of the installation in March of Conservative Jacques Chirac as Socialist Mitterrand's Premier. Chirac has decided to put in an appearance at the meeting, throwing the protocol-conscious Japanese into a tizzy. One compromise: Chirac will show up at Akasaka only after the opening state dinner, thus avoiding a major problem with head-table seating...

Author: /time Magazine | Title: High Hopes for a Smooth Trip | 6/21/2005 | See Source »

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