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BOTTOM LINES "If anyone here in this hall thinks they would be able to do better, he should do it." GERHARD SCHRÖDER, German Chancellor, whose economy is dragging down the euro zone...

Author: /time Magazine | Title: Père Noël Comes Early This Year | 12/15/2002 | See Source »

Vaux says Maats’ “Euro-brat background” has given him the necessary creativity and confidence to deal with Harvard’s administration...

Author: By Alexandra N. Atiya, CONTRIBUTING WRITER | Title: Mather Jokers Vow To Embarrass Administrators If Necessary | 12/9/2002 | See Source »

...toward a united Europe." Both countries want to amplify the E.U.'s voice in foreign and security policy, a task made somewhat simpler by the fact that nato - to whom Germany remains more indebted than France - is fading in influence. And both countries, having tied their fates to the euro, are keen to find better ways to coordinate budgetary policy among the eurozone's 12 countries. But behind the declarations of intent, big differences remain. France has increased its defense budget this fiscal year by 6%, while Germany is cutting back. Defense Minister Peter Struck last week announced that Germany...

Author: /time Magazine | Title: A Happy Marriage of Convenience | 12/8/2002 | See Source »

...arrest on Oct. 4 for charges of fraud and other commercial crimes; in Shenyang, China. Yang's fall from grace is an em-barrassment for North Korea, and may strain the country's historically close ties with China. Trading of shares in Yang's Hong Kong-listed orchid exporter Euro-Asia Agricultural Holdings has been suspended since late September, and the company has virtually collapsed, unable to repay its loans. Hong Kong authorities are investigating it for criminal activity...

Author: /time Magazine | Title: Milestones | 12/2/2002 | See Source »

...investigators resumed interrogation of six family members of the Djerba suicide bomber Nizar Naouar, whose last phone call before his death was to suspected Sept. 11 mastermind Khalid Sheik Mohammed. The satellite phone he used was purchased in Paris by his supposedly impoverished 22-year-old brother, Wahid, for [EURO] 1,900. The cost, and the complicated manner in which the phone was sent to Tunisia, suggest the backing of an organized group. But even if officials unearth the network behind Nizar, that may not stop another one from launching an attack. Investigators can't be sure whether al-Qaeda...

Author: /time Magazine | Title: Is Europe Next? | 11/10/2002 | See Source »

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