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...among its members too. Finland, Greece and Spain are expected to enjoy growth of almost 3% this year, while Ireland is likely to see more than 4%. But Italy is in recession, and most economists have been slashing their forecasts for Germany and France to only a tad in excess of 1% growth this year. Such differences create a dilemma for Jean-Claude Trichet, president of the European central bank, the body that sets monetary policy for the entire euro zone. Economists say the bank's 2% benchmark interest rate is far too low for the strongest economies, providing them...

Author: /time Magazine | Title: Currency: Euro-Division? | 6/20/2005 | See Source »

Facing a potential judgment in excess of $100 million, Harvard’s star economist Andrei Shleifer ’82 has tried in vain to limit his liability in the U.S. government’s ongoing fraud suit against...

Author: By Zachary M. Seward, CRIMSON STAFF WRITER | Title: Star Economist Accused of Fraud After Russia Project | 6/9/2005 | See Source »

Several U.S. utilities are supporting the technology. Plug-in cars would open a new market for electricity at night, when utilities have excess capacity. In fact, the Electric Power Research Institute in Palo Alto, Calif., helped build the plug-in Sprinter. Ed Kjaer, director of electric transportation at Southern California Edison, argues that plug-ins represent a natural evolution of hybrid technology, which today essentially burns gas to generate electricity. "The more hybrids are sold," he says, "the stronger the business case will become for the electric vehicle...

Author: /time Magazine | Title: Breaking That Dirty Old Habit | 6/6/2005 | See Source »

...sure, no one is ever likely to deny the actuarial fact that staying lean and active is one of the best routes to a long life. Many studies point out that excess weight is associated not only with a lot of frequently cited dangers--diabetes, stroke, heart disease, sleep apnea and joint problems among them--but also with many less frequently cited ones, such as cancer. A recent study of 135 men, published in the American Heart Association (AHA) journal Circulation, seems to confirm this, acknowledging that while getting fit is associated with reducing a number of health risks, failing...

Author: /time Magazine | Title: Can You Be Fat & Healthy? | 5/29/2005 | See Source »

...proposed legislation, however, will only allow federal funding for stem cells that are derived from excess embryos from in-vitro ferility clinics. If the new legislation passes, research will be subject to National Institutes of Health guidelines—likely to mirror a set of recommendations released by the National Academy of Sciences last month...

Author: By Risheng Xu, CRIMSON STAFF WRITER | Title: House Approves Stem Cell Bill | 5/27/2005 | See Source »

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