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...country votes no, the Swedish krona will weaken, interest rates will rise and the country will have to adopt structural reforms to compete in Europe. While most businessmen share this view, some important voices have spoken out against it. Rune Andersson, chairman of the board of Electrolux, the giant producer of washing machines and dishwashers that is Sweden's fourth-largest business, says he favors keeping an independent krona and central bank for Sweden, even though the company loses out when export receipts are converted back from euros. "We now have had 11 years of a floating currency, which...

Author: /time Magazine | Title: The Euro's Big Test | 9/7/2003 | See Source »

...little village," says Jean-Louis, 53, with a proprietary air. "It's a very good village." They've got the Café Marly in the Louvre museum, which overlooks I.M. Pei's glass pyramid, and the restaurant Georges atop the Pompidou Center, where diners survey the city through giant windows. L'Esplanade is theirs too, the only café on the magnificent Esplanade des Invalides. If you're in the fashion business, you eat lunch at l'Avenue, which holds down what may be the most chic intersection in the world: the corner of Avenue Montaigne and Rue Fran...

Author: /time Magazine | Title: The Brothers Who Ate Paris | 9/7/2003 | See Source »

...major player in Hollywood. After an epic four-month auction among many of the world's largest media firms, the company signed a letter of intent with General Electric to merge its U.S. movie and TV businesses with GE's NBC. The result would be a new media giant that puts Vivendi's assets - Universal Pictures, theme parks in California, Florida, Spain and Japan, and four U.S. cable-TV stations - together with...

Author: /time Magazine | Title: Deal Ahoy! | 9/7/2003 | See Source »

...features robot and space stories by a group of cartoonists not normally associated with science fiction. Gregory Benton creates a credible New York during the last days of Earth. Gigantic floods aren't enough to make some people move: they still buy toilet paper and pull giant worms off each other. Other contributors (there are over 25) only tangentially refer to space. Mark Burriur's "Piano Music" tells of a lonely piano teacher and the painting of outer space that distracts a talentless student. With an excellent variety of stories that go from cute to existential, editor and designer Chris...

Author: /time Magazine | Title: Feast on It! | 9/5/2003 | See Source »

...surprising that Iraqi policemen are targets. Saddam loyalists and Islamist groups have condemned local cops for cooperating with coalition forces and threatened them with dire consequences. But it is astonishing that the attackers were able to penetrate into the police HQ. The compound, in the shadow of the giant Interior Ministry building, is heavily guarded by U.S. soldiers as well as local policemen. To enter the compound, the car would have had to pass through at least three checkpoints in less than 300 yards. "Only somebody with the right papers could have made it through the guards," says Jabbar. Brigadier...

Author: /time Magazine | Title: 'No Iraqis Are Safe' | 9/2/2003 | See Source »

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