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Other interests eagerly crashed the party, seeing the banana dispute as a chance to settle old scores. U.S. pork producers, suffering through a severe price slump, sought to block the import of Italian hams like prosciutto. "The E.U. has closed off much of its market to us," reasoned Nick Giordano, a lawyer at the National Pork Producers Council. "We're looking for reciprocity, and one way to get it is nicking them on bananas." The council got pork added to the hit list. The hog farmers pushed to nail Dutch and Danish ham producers. But because those two countries...

Author: /time Magazine | Title: Banana Wars | 2/8/1999 | See Source »

...quote from The Great Gatsby inscribed in the library: "He had come a long way to this blue lawn, and his dream must have seemed so close that he could hardly fail to grasp it." It was an odd choice, and the software magnate may have missed its tragic import. In the end of the novel, Jay Gatsby does fail to grasp his dream, and success destroys him. The two Bills are already modern Gatsbys of a sort, having achieved their very different versions of the American Dream. Whether their flaws, like the original Gatsby's, pull them down remains...

Author: /time Magazine | Title: A Tale Of Two Bills | 1/25/1999 | See Source »

...never took to European brands the way their children have. Ford recently unveiled its all-new LS8, a rear-wheel-drive, technologically loaded sedan tweaked and tuned by Jaguar. Chrysler, which has scored a connection to boomers with its Jeep Grand Cherokee, last year launched the 300M, a sleek, import-fighting luxury sedan that competes against such other luxury sedans as the BMW 3 Series and Audi A4. "Our cars became boring, and we lost some ground," says John Sloan, director of DaimlerChrysler's large-car operations in Auburn Hills, Mich. "But our 300M makes you fantasize about driving Route...

Author: /time Magazine | Title: Redefining Luxury | 1/18/1999 | See Source »

...food sales, but it remains opposed to the proposed replacing of UNSCOM with a financial monitoring system. Dowell points out that even the existing oil-sales limit amounts to more oil than Baghdad is currently able to produce. "It won't mean much unless Iraq can import machinery to upgrade its oil production, which is forbidden under current sanctions," says Dowell. While France believes sanctions are ineffective and exacting a brutal toll on the Iraqi people, Washington sees them as essential to contain Saddam. "But without a comprehensive Iraq strategy, Washington faces the danger that the current impasse causes...

Author: /time Magazine | Title: France Calls U.S. on Iraq | 1/14/1999 | See Source »

Bailey isn't alone in his suspicions that something more than simple market forces is at play. Many farmers have pointed the finger at their Canadian brethren for flooding the market with swine, and are urging tougher import restrictions. Meanwhile, some critics believe that a few dominant corporate hog processors, like IBP or Smithfield, have unfairly profited from the farmers' misfortunes. "This isn't a matter of outmoded hog producers falling victim to the invisible hand of the market," says Senator Tom Harkin of Iowa. "Pork in the grocery store costs the same now as six months ago. An anticompetitive...

Author: /time Magazine | Title: Lean Times on the Farm | 1/11/1999 | See Source »

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