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...reform their economies - such as France and Italy, whose considerable price tags for cars, trains, airplanes, luxury goods and food products have become absolutely daunting once they've traversed the euro-dollar exchange. In places like the Netherlands, Germany, and Austria - where enormous pressure on salaries and production costs have made goods and companies more competitive in recent years - the rise of the euro has been less catastrophic, though only in relative terms. Whereas Germany has watched the plummeting dollar eat at its healthy trade surplus, France blames that slide for worsening its growing trade deficit. The consequences have been...

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

...Taylor Rule provides less guidance when the neutral interest rate is shifting rapidly due to changes in financial conditions, which is exactly what is happening right now. Banks and other lenders are demanding a higher premium for lending to households and companies. To prevent the cost of borrowing from increasing - to keep interest rates at neutral, in other words - the central bank must cut the policy rate. If the central bank wants then to provide monetary stimulus to an ailing economy, it must reduce the policy rate even further to get below the newly depressed neutral rate...

Author: /time Magazine | Title: The Fed Fights Back | 3/13/2008 | See Source »

...Average cost of 200 eco-palms, compared with about $22 for traditional palms...

Author: /time Magazine | Title: Numbers | 3/13/2008 | See Source »

...estimates show the cost of the war may reach $12 billion a month this year. Economists Joseph Stiglitz and Linda Blimes estimate that U.S. spending in Iraq could get to $2.7 trillion overall--or more--by 2017. Here are some of the reasons...

Author: /time Magazine | Title: Briefing | 3/13/2008 | See Source »

While it may cost $50,000 to actually attend Harvard, it now only takes $27 to get in. Daniel Wallace ’08 wrote the GetIntoHarvard.net guide so that, according to the Web site, “the underdog with no connections to Harvard could get the edge they so desperately need to compete in the admissions game.” But if you can’t find yourself on his list of “10 types of people who get into Harvard,” fear not, apprehensive applicants! Based on extensive research of campus demographics...

Author: By Samantha F. Drago, CONTRIBUTING WRITER | Title: The 10 Best Ways to GetIntoHarvard.net, Guaranteed! | 3/12/2008 | See Source »

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