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...growth of almost 3% this year, while Ireland is likely to see more than 4%. But Italy is in recession, and most economists have been slashing their forecasts for Germany and France to only a tad in excess of 1% growth this year. Such differences create a dilemma for Jean-Claude Trichet, president of the European central bank, the body that sets monetary policy for the entire euro zone. Economists say the bank's 2% benchmark interest rate is far too low for the strongest economies, providing them with plentiful cheap money and helping fuel both a credit boom...

Author: /time Magazine | Title: Currency: Euro-Division? | 6/20/2005 | See Source »

...Munch by Himself" is billed as a survey of the artist's self-portraiture. But whether nailed to a cross in Golgotha (1900) or lying in a pool of blood as the assassinated French revolutionary Jean-Paul Marat in Marat's Death I (1907), Munch remains elusive, instead appearing in different metaphorical guises. There he is, too, leaning on a railing beneath a blood red sky in Despair (1892), an obvious precursor to The Scream...

Author: /time Magazine | Title: Self-Expressionism | 6/20/2005 | See Source »

...with tighter security and a stirring new exhibit of works by the tormented Norwegian. "Munch by Himself" is billed as a survey of the artist's self-portraiture. But whether nailed to a cross in Golgotha (1900) or lying in a pool of blood as the assassinated French revolutionary Jean-Paul Marat in Marat's Death I (1907), Munch remains elusive, instead appearing in different metaphorical guises. Loh and Behold Avant-garde murals and imaginative furnishings characterise a new Singapore hotel Identity Parade An iconic style magazine marks its quarter century Summits of Style Esoteric treatments in a minimalist setting...

Author: /time Magazine | Title: Self-Expressionism | 6/19/2005 | See Source »

...j5.2 billion annual rebate Britain receives from Brussels unless spending on agriculture, which accounts for more than 40% of the total E.U. budget, was revised - a proposal Chirac flatly rejected. Bertie Ahern, the Irish Prime Minister, called the budget debate "pathetic and embarrassing." Luxembourg's Prime Minister, Jean-Claude Juncker, who chaired the summit, said: "Europe is not in crisis. It is in a profound crisis...

Author: /time Magazine | Title: The Commish | 6/19/2005 | See Source »

...those who find that crunches are not enough, the L.A.-based label Not Your Daughter's Jeans has invented a jean that will flatten the stomach with a high-waist fit and clever engineering. At $88, the Tummy Tuck jean may be the quickest way to eliminate inches as well as personal trainers...

Author: /time Magazine | Title: Fashion: Diet-Free Denim | 6/19/2005 | See Source »

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