Word: herving
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...With previous cuts totaling only 10% and sluggish growth eroding revenues, Chirac is looking to new Finance Minister Hervé Gaymard to work some magic. Last week, Gaymard pledged tax cuts in 2006 and 2007 and vowed to sell stakes worth nearly 320 billion in state firms including nuclear-power company Areva and utility mammoth Electricité de France. That, Gaymard hopes, will stimulate economic growth that, at 2.3% in 2004, was below government estimates of 2.5%. Surprisingly, Gaymard is predicting the same for this year. "Given commodity prices like oil rising, we should count on lower growth next year...
...separate WTO-endorsed sanctions against a $4 billion annual tax break for American firms. But the more symbolic salvo came as Washington last week banned imports of French foie gras and other processed meats, saying 11 manufacturers failed to meet health standards. Calling the measure "unjustifiable," Agriculture Minister Hervé Gaymard lobbied hard in Washington . Meanwhile, the country's wine producers met with Prime Minister Jean-Pierre Raffarin to find ways to boost the ailing industry. Exports are down, and domestic consumption slid to 69 L per person last year, compared to 135 L 40 years ago. Can't blame...
...Road to America" (Drawn and Quarterly; 56pp.; $14.95), a graphic novella by the French artist known as Baru (né Hervé Baruléa) hopes to make a worldwide impact this June when it gets simultaneously published in English, French, Italian, German and Spanish. A sports comic with themes of race and identity, set at a time reminiscent to current events, "Road to America" goes for the knockout, but wins instead by decision...
...voting for a new-semester makeover that runs deeper than a Hervé Chapelier handbag and darker jeans. Something drastic. So I've snuck a little Camp Miniwanca into Issue One; FM's back-to-school, in-your-face guide to self-improvement gives a you the gentle kick in the ass you need to supe up your life in four familiar departments. I think Becca Cannon would be proud...
...investigation in the car crash that killed Princess Diana may be off the hook. According to the Associated Press, France's state prosecutor has recommended that the courts not pursue manslaughter charges against the nine photographers and motorcycle driver who were following her Mercedes through the Paris twilight. Judge Hervé Stephan is expected to make a final ruling shortly before the two-year anniversary of the August 31 crash...