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...China's import requirements will continue to rise--putting upward pressure on world crude prices. If China's oil demand keeps growing an average 7% a year, as it has since 1990, in less than 20 years the country will consume 21 million bbl. of oil a day, matching current U.S. consumption. "The world has the oil," says Chen Huai of China's Development Research Center, a think tank in Beijing run by China's Cabinet, "and China has the money." The question is, how much is China--and the world--willing to pay for it? --With reporting by Susan...
...says it will not allow large-scale reimportation of prescription drugs from Canada, where they are 60% to 70% cheaper, unless the U.S. can guarantee that they are safe. Critics call the Bush policy a delaying tactic designed to protect drug companies' profits. The federal Task Force on Drug Importation must submit its report on safety by Dec. 8. When it does, Thompson could authorize reimportation, a move that would appease those who clamored for it during the campaign. Drugmakers, meanwhile, trying to block an end run around their U.S. business, have warned that a flood of Canadian drugs would...
...Americans, while 500,000 kids lose their afterschool programs. He cut benefits for veterans, many of whom lost arms and legs while fighting for their country, something Kerry vowed to reverse. Bush chose profits for drug companies as opposed to affordable prescription drugs for seniors, while Kerry promised to import lower-cost drugs and provide health care for all Americans. Kerry wanted to fight for the average American, the mother who’s struggling to find time with her kids while working two jobs to pay her rent while her husband’s in Iraq...
...finale continues the series' minutely observed, uncomfortable humor. The closest American equivalent is Curb Your Enthusiasm, though NBC is attempting a remake of The Office, starring Daily Show alum Steve Carell, for next year--a nerve-racking prospect, given that NBC's last such import was Coupling. Executive producer Greg Daniels (King of the Hill) says the show will have a new setting--the Dunder-Mifflin paper company in Scranton, Pa.--but similar characters and sensibility. "We love the awkward pause," he says...
...were printed up headlining Richard Dreyfuss, who would be taking the leading role in London as Max Bialystock, a shyster showman who puts on a surefire flop so the tax collectors will never spot that it was designed to bilk hordes of investors. But just days before the American import was set to begin previews last Friday, Dreyfuss seemed to be drawing a little too much inspiration from his determined-to- fail character. First the star of Mr. Holland's Opus and Jaws admitted to Metro Life magazine that he can neither holler nor hoof, and suggested that the show...