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...markets, which makes foreign products more expensive in the U.S., Western Europe's trade surplus is expected to rise from last year's $25 billion to $40 billion. If, as expected, the European export boom eventually cools down, the gap can easily be filled at home by rising consumer demand and increased industrial investments. Even the painful level of unemployment will probably decline slightly in the year ahead, partly as a result of an increase in small, new businesses. Nonetheless, some 10.5% of the labor force remains jobless, and this continues to be Western Europe's major economic and political...

Author: /time Magazine | Title: Heading into the Straightaway | 6/21/2005 | See Source »

...growing number of major U.S. companies, including such firms as Exxon, Federal Express, Greyhound Lines, Southern California Edison, TWA, IBM and Lockheed, require all job applicants to pass urinalysis tests that screen for drugs. Some firms demand that experienced workers undergo such tests when the danger of impairment is simply too great to chance. At Rockwell, company pilots and employees who work with explosives are tested once a year...

Author: /time Magazine | Title: Battling Drugs on the Job | 6/21/2005 | See Source »

...Richmond, Ind., company that specializes in removing asbestos from buildings. Insurers are so terrified of anything having to do with asbestos that they canceled Specialty's policies three times between November 1984 and last April, though the nine-year-old company has never been sued. Because customers demand proof of insurance before they will give Specialty any business, the company wound up buying a $500,000 policy from the Great American Insurance Co. of Cincinnati, on which it will pay at least $460,000 in premiums, an increase of more than 4,900% over the $9,361 premium...

Author: /time Magazine | Title: Nation: Sorry, Your Policy Is Canceled | 6/21/2005 | See Source »

This is the voice of middle-level power speaking. It has cried out and been heard; now it can demand more. Chances have been taken, gambles won. Seidelman, 33, notes, "Desperately Seeking Susan had a female director, a female producer, a female writer, two female stars and a female executive, Barbara Boyle, who helped us get the go-ahead. If the film had bombed, it would have presented a broad target. Failure is a luxury not yet afforded to women." But Susan succeeded, and its momentum helped reduce the risk factor for hiring first-time women directors. Randa Haines...

Author: /time Magazine | Title: Cinema: Calling Their Own Shots | 6/21/2005 | See Source »

Revenge is sweet. I remember OPEC ministers and U.S. oilmen admonishing American consumers for our unrestrained consumption of oil. I remember, too, those avaricious souls telling the world that high oil prices were nothing more than the result of supply and demand. Now that the cycle has reversed itself, let OPEC and American oil producers suffer. Mike Huberty Knoxville...

Author: /time Magazine | Title: Letters: May 5, 1986 | 6/21/2005 | See Source »

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