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...peso, Economy Minister Jorge Remes Lenicov presented a recovery-minded draft budget to Congress. The plan includes severe spending cuts agreed to by President Eduardo Duhalde and Argentina's provincial governors, and Remes Lenicov said the program was "tough." But critics warned that it relies on gdp and export-growth forecasts that may be too optimistic. Duhalde expressed hope that the economy would recover before the next presidential vote, now set for September...

Author: /time Magazine | Title: World Watch | 2/11/2002 | See Source »

...fact that 15 of the 19 Sept. 11 hijackers and Osama bin Laden himself were Saudis cannot be ignored. They came from a society that indoctrinates its children with fundamentalist Islam. The Saudi government has used its oil money in the past to export these same radical views throughout the Muslim world. Saudi money paid for many of the Pakistani madrassas that were the breeding grounds of the Taliban. And after the NATO bombing campaign freed the Kosovars from the threat of genocide by the Serbs, Saudi money financed the development of mosques in Kosovo that still preach the extreme...

Author: By Andrew P. Winerman, | Title: With Friends Like These | 2/11/2002 | See Source »

What follows is a look at five key industries in which U.S. firms stand to gain the most new business from China, through both export sales and direct investment. Think of them as the first going over the wall...

Author: /time Magazine | Title: Free Trade: China's New Party | 1/28/2002 | See Source »

...same time, Beijing is encouraging its farmers to grow more of certain cash crops for export. And it has shown a willingness to play hardball over market access. Last year, after Japan slapped duties on Chinese mushrooms and leeks, Beijing retaliated with 100% tariffs on Japanese cars, cell phones and air conditioners--a spat resolved only last month. In the U.S., Chinese apple concentrate and dehydrated garlic imports have surged, and Chinese fruit and vegetable exports to other Asian nations have eroded U.S. market share...

Author: /time Magazine | Title: Free Trade: China's New Party | 1/28/2002 | See Source »

...Cosco, while Manuel Amoros, who collected 82 caps with les Bleus, has taken the helm at the Tunisian club Sfax. If the foursome at the World Cup draw good performances from their teams, the football factory may find orders for its by-products mirroring the demand for its main export...

Author: /time Magazine | Title: Coaches Who Lead by Example | 1/28/2002 | See Source »

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