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...European and American clothing and textile companies knew they would be in for some hard knocks this year following the expiration on Jan. 1 of a decades-old quota system that limited exports from low-cost producers like China and India. But the reality is worse than their most dire expectations. Chinese companies have massively ramped up foreign sales even as they drop prices. Chinese textile exports to Italy alone jumped by 64% in January and February, according to the Italian national statistics office. In the 15 countries that made up the European Union before last year's accession...

Author: /time Magazine | Title: The Price is Right | 3/27/2005 | See Source »

...dire though India's poverty may be, there is one thing that distinguishes the Indian poor from those in many other nations: they live in a democracy. And as India discovered last year, even its poorest can vote. At the general election, the ruling coalition led by Atal Bihari Vajpayee, lauded for its bold economic reforms, suffered a shocking defeat at the polls, partly because of resentment from the poor that they were missing out on the boom. Into office came a government that needed the support of the Communists, and which had promised not to forget those...

Author: /time Magazine | Title: The Poor Who Vote | 3/7/2005 | See Source »

...village were filled with able-bodied men, who could have built rainwater-collecting units on rooftops and in the fields, the situation would not be so dire. But as we arrive in the village, we see no able-bodied young men at all. In fact, older women and dozens of children greet us, but there is not a young man or woman in sight. Where, we ask, are the workers? Out in the fields? The aid worker who has led us to the village shakes his head sadly and says no. Nearly all are dead. The village has been devastated...

Author: /time Magazine | Title: The End of Poverty | 3/6/2005 | See Source »

AWOL may also have more dire effects on the body. For one thing, AWOL could lead to alcoholism; one of the common ways to induce alcoholism in rats is to force them to breathe in alcohol. Colorado has already created legislation to ban AWOL because it may lead to higher rates of drunk driving and heavy drinking—or heavy breathing, as the case...

Author: By Alex M. Gutierrez, CONTRIBUTING WRITER | Title: Get Drunk, Vapor-Style | 3/3/2005 | See Source »

...those who are now jobless will attest, their superiors had told them that the company, in response to dire economic straits, could not afford to pay them anymore. Thus, the most reasonable solution to bring back these jobs that have been lost is to revitalize the economy. Many suggest that the government should introduce a new cash flow into the economy, either through tax rebates or through massive public projects, but there is a simpler way. Many of the United States’ largest employment industries often spend much of their money complying with very strict Environmental Protection Agency...

Author: By Ashish Agrawal, | Title: A Modest Temperature Increase | 3/1/2005 | See Source »

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