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...consumer prices climbed faster than expected in May, further fanning investor fears over inflation. Stock markets around the world have cracked sharply lower the past few weeks, with the Dow Jones Industrial Average losing all the ground it had gained so far this year. Japan's stock market is down 11% on the year; gold has had its biggest slide in a decade and a half; and many emerging markets are wobbling. After Wednesday's Consumer Price Index report from the Labor Department, which showed a 0.4 percent increase in prices for May (core inflation, which excludes food and energy...

Author: /time Magazine | Title: Are the Inflation Fears Justified? | 6/14/2006 | See Source »

...Macs and supersize fries, he went on--in less noted parts of his ruling--to set the stage for future lawsuits. He noted that "Chicken McNuggets, rather than being merely chicken fried in a pan, are a McFrankenstein creation of various elements not utilized by the home cook," including ground chicken skin, hydrogenated oils and dimethylpolysiloxane, an antifoaming agent, and he questioned whether customers understood the risks of eating McDonald's chicken over regular chicken...

Author: /time Magazine | Title: Fat Foods: Back in Court | 6/13/2006 | See Source »

...screen TV, small table, sofa bed (for children under 12, who stay free), balcony and, best of all, a hammock with views across the rooftops. A plethora of local dining options means there's no real need for Casa Camper to have its own restaurant, but there is a ground-floor café serving breakfast and a complimentary all-day snack buffet of sandwiches, soup, and so on. You'll be refueling there frequently if you're going to attempt all the sightseeing possibilities of the neighborhood, which include La Boqueria market, the Opera El Liceo, the Plaza Catalunya...

Author: /time Magazine | Title: Happy Camper | 6/13/2006 | See Source »

...Cliquot champagne bar. Milan Taking up three levels within eyeshot of the Duomo, Peck, tel: (39-02) 802 3161, has been a culinary lotusland for Milan's bons vivants for more than a century. The bustling space is split into a beautifully cool, 5,000-label wine cellar, a ground-floor delicatessen (replete with cured meats, cheeses, homemade pastas and an excellent range of top-shelf olive oils and vinegars), and lastly a decadent upper floor devoted to pastries, desserts and confectionery. Peck is also the location of the fashionable Cracco-Peck, a Michelin two-star restaurant run in partnership...

Author: /time Magazine | Title: DIY Dining | 6/13/2006 | See Source »

...officially called the Western Hemisphere Institute for Security Cooperation (WHINSEC), the U.S. military-run training ground for Latin American strongmen and dictators was for years known as the School of the Americas (SOA). The Spanish-language army facility based in Fort Benning, Georgia, was responsible for helping to educate such military men as Panamanian dictator and convicted drug trafficker Manuel Noriega, the late Argentine junta leader imprisoned for human rights abuses Leopoldo Galtieri, and Salvadoran right-wing militia leader Maj. Roberto D'Aubuisson. Despite adding a "human rights" element to its curriculum in recent years, the school has engendered...

Author: /time Magazine | Title: Targeting a "School for Strongmen" | 6/13/2006 | See Source »

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