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We have all been impatient for the time when the damnable vagueness that surrounds public discussion of cancer prevention (Is red wine O.K. or not? Is it cool to order extra bacon with that double cheeseburger?) would be finally dispersed. That time for clarity is now, and the report should...

Author: /time Magazine | Title: Save Yourself | 11/15/2007 | See Source »

Should the Chinese currency--now pegged to the U.S. dollar--appreciate against the dollar? China is under growing pressure from the U.S. to adjust the rate or let it float. The argument, made vociferously by the White House, is that the current exchange rate artificially cheapens China's exports, to...

Author: /time Magazine | Title: Board of Economists: Growing, At Last | 11/14/2007 | See Source »

Fang had a different perspective. The exchange rate "has served China very well, and we don't want to change voluntarily," he said, although none of the board ruled out the possibility that the country could eventually yield to U.S. pressure. But "it's wrong to focus so much energy...

Author: /time Magazine | Title: Board of Economists: Growing, At Last | 11/14/2007 | See Source »

The other fearsome exchange rate, of course, is between the euro and the dollar. The euro has taken the brunt of the dollar's depreciation--the greenback has dropped more than 30% against the euro over the past two years. Naim foresees U.S. competitors grabbing European market share "and a...

Author: /time Magazine | Title: Board of Economists: Growing, At Last | 11/14/2007 | See Source »

Naim and Tyson quickly took issue with him. "It's amazing how little worried the Europeans are about the euro," Tyson said, pointing to two controversial areas: the European Central Bank's relatively tight monetary policy and the E.U.'s battered Growth and Stability Pact, which long required governments to...

Author: /time Magazine | Title: Board of Economists: Growing, At Last | 11/14/2007 | See Source »

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