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...same could be said of the $63 million push by the European Commission (E.C.) to develop so-called smart fabrics and interactive textiles. Though the technology was pioneered in the U.S., the Europeans have taken the reins in a bid to revitalize their traditional-textile industry, which has been hammered by Asian competition. "We want to develop state-of-the-art know-how that can't be found in Asia," says Andreas Lymberis, a scientific officer with the E.C. who has championed smart textiles. "Our purpose is to create a new market...

Author: /time Magazine | Title: Smarter Clothes | 7/3/2008 | See Source »

...smart textiles is still small--about $550 million in revenue in 2008--but that could double by 2010, according to Massachusetts-based Venture Development Corp. The challenge is to fit applications to the market, says Lutz Walter, R&D manager at Euratex, a group representing the $326 billion European clothing-and-textile industry. "In the medical field, there's high value added. But to be approved as devices takes 10 years," says Walter. "In other areas, it's price: How much are consumers going to be willing to pay for a smart jogging shirt or for a baby suit that...

Author: /time Magazine | Title: Smarter Clothes | 7/3/2008 | See Source »

...challenge is a familiar one to universities throughout Europe. Low investment means institutions across the European Union pocket an average of $16,000 a year less per student than their U.S. rivals, according to a 2006 report by the European Commission. Lower revenues mean lower spending, and the result is bleakly evident in rankings of the world's best universities. In the highly regarded table published annually by China's Shanghai Jiao Tong University, European institutions fill just four of the top 25 places; wealthy North American institutions account for almost all the rest...

Author: /time Magazine | Title: Britain's Universities: Funding Excellence | 7/2/2008 | See Source »

...have taken this step in response to an official request from the German government and calls for sanctions on Zimbabwe from the European Union," Heiko Witzke, a company spokesman, said Wednesday...

Author: /time Magazine | Title: Cutting Off Zimbabwe's Currency | 7/2/2008 | See Source »

...This view was shared by several European officials I met at a conference of terrorism experts in Florence in May, a few days after bin Laden's most recent Internet postings. The officials told me they've found no evidence of al-Qaeda operations in their countries. If bin Laden has any role in the jihad, say the Europeans, it is merely as an icon. Alain Grignard, Belgium's top terrorism investigator, says bin Laden is now a "Robin Hood figure; 100 people are inspired by him, but very few respond to do what he wants...

Author: /time Magazine | Title: Does Osama bin Laden Still Matter? | 7/2/2008 | See Source »

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