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...Ink in the Philippines The article "Going for Broke?," about the problems of unemployment, budget deficits and uncollected taxes in the Philippines, was a timely warning [Aug. 23]. Economists are concerned that the country will face insolvency and economic collapse unless the government reins in the widening public-sector deficit by adopting a package of revenue-producing and cost-cutting measures. President Gloria Macapagal Arroyo has declared that we are in the midst of a fiscal crisis. In spite of those dire conditions, our lawmakers wouldn't dream of cutting their congressional pork-barrel funds. President Arroyo, quo vadis? Joel...

Author: /time Magazine | Title: Letters | 9/27/2004 | See Source »

...haven't hurt consumer demand. "The impact is modest," Cotis says. His view was confirmed by the U.S. Federal Reserve, which raised a key interest rate last week in a sign that it too believes the U.S. economy is rebounding. - By Peter Gumbel Hiding The Red Ink The E.U. threatened Greece with legal action for underreporting its budget deficit between 2000 and 2003. Revised data put the deficit for the period above the euro-zone ceiling of 3% of GDP. Meanwhile, France unveiled its 2005 budget aimed at bringing its own deficit under the limit for the first time since...

Author: /time Magazine | Title: Bizwatch | 9/26/2004 | See Source »

...Ink in the Philippines The article "Going for Broke?," about the problems of unemployment, budget deficits and uncollected taxes in the Philippines, was a timely warning [Aug. 23]. Economists are concerned that the country will face insolvency and economic collapse unless the government reins in the widening public-sector deficit by adopting a package of revenue-producing and cost-cutting measures. President Gloria Macapagal Arroyo has declared that we are in the midst of a fiscal crisis. In spite of those dire conditions, our lawmakers wouldn't dream of cutting their congressional pork-barrel funds. President Arroyo, quo vadis? Joel...

Author: /time Magazine | Title: Letters | 9/20/2004 | See Source »

...where we camp above a gravelly beach, resting in exhausted contentment on large boulders while Pat conjures a stir fry out of the food barrels. After dinner some of us take a raft back up to the Irenabyss and slowly paddle through it as the dusk fades over its ink black water, the eerie calls of currawongs echoing through the rainforest...

Author: /time Magazine | Title: A Raft With a View | 8/22/2004 | See Source »

...Connolly is leading his wife Lori and two friends toward a tree sprouting from a rock in Connecticut's Rocky Neck State Park. Stooping at the base of the tree, Connolly pushes aside a rock and pulls out his quarry: a Tupperware container. Inside are a rubber stamp, an ink pad and a notebook filled with imprinted marks and messages left by people who discovered the box earlier. "All right," he says with a grin. "Let's stamp...

Author: /time Magazine | Title: Hide-and-Seek for Grownups | 7/26/2004 | See Source »

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