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...survival. Last week the Chancellor of the Exchequer, Gordon Brown, announced that the government had to borrow $31 billion this year because the slowing economy is depleting tax receipts - the first big blot on his record of fiscal wizardry. Unless the economy rebounds, that number may well have to grow. A big raise for the firefighters (they are seeking a whopping 40%) would set a costly precedent for other public employees. If the government starts doling out that kind of cash, money would have to be taken away from its core goal of improving hospitals and schools in tangible ways...

Author: /time Magazine | Title: Season Of The Strike | 12/1/2002 | See Source »

...would have approved of the Miss World contest and might have married one of its contestants. Nigeria's supreme Islamic body said that Muslims should ignore the fatwa and the country's federal government said it will not allow the death sentence to be carried out. SRI LANKA Tigers Grow Velupillai Prabhakaran, leader of the Tamil Tiger rebels, warned that he would return to fighting for complete independence if he did not get provincial autonomy in Tamil-dominated areas in the east and the north. Despite the threat of violence, the government's chief negotiator, G.L. Peiris, said that...

Author: /time Magazine | Title: World Watch | 12/1/2002 | See Source »

...these alternative techniques tend to be expensive and difficult to scale up, which make them a hard sell for U.S. fish farmers. "The challenge is to have the industry grow in a way that is both ecologically sensitive and sustainable," says Rebecca Goldburg, 44, a scientist who co-authored a report on the aquaculture industry last year for the Pew Oceans Commission. "But until the government steps in, there will be no incentive for the industry...

Author: /time Magazine | Title: Fish Farming: Fishy Business | 11/25/2002 | See Source »

...surveyed the 1996-2000 financial results of 7,500 publicly traded companies and shared his findings exclusively with TIME. Root analyzed firms from Australia, France, Germany, Italy, Japan, the U.K. and the U.S. that had revenue of more than $500 million. First, he weeded out those that didn't grow total revenue and profit at least 8% annually (slightly above an average combined rate of inflation and economic growth). Then he eliminated firms that didn't report the same 8% growth in foreign revenue and operating profit (which includes exports sold through foreign entities). Conclusion: only about 1 company...

Author: /time Magazine | Title: What Works: Innocents Abroad | 11/25/2002 | See Source »

...behind? Those who lost a father, a business, how do they eat, how do they send their children to school?" If the tourists don't come back, or another bomb hits the region, Wiranatha knows that as a last resort, he can always return to his family farm to grow rice. Suameria, the bartender, has no such escape plan. After spending three years in Kuta, he shudders at the thought of returning to his home village on Bali's north coast. "The tourists will just have to come back," he shrugs. "There is no other...

Author: /time Magazine | Title: Desperately Seeking Survival | 11/25/2002 | See Source »

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