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Before the Swiss watchmaker Jean François Ruchonnet designed the Monaco V4 concept watch, he lifted the hood of his Maserati, gazed at the engine and thought about the belts. Then he decided to create a similar belt system in miniature to replace the interlocking gears in mechanical watches. Each belt replaces five to six gears, thus simplifying construction. Visible on the underside, at right, the belts are also better at absorbing shock, for a more reliable and accurate timepiece...
...went wild as Socialist Party leader François Hollande and former Finance Minister Dominique Strauss-Kahn extolled the merits of the treaty. Mention of party brethren who back the no vote drew disapproving groans. "This is a show of force," explained Montpellier shop owner and Socialist Party member Jean-Claude Arnel. "We're here to demonstrate just how big our commitment to Europe is." Why so much controversy now over the constitution when President Jacques Chirac has said that the country as a whole won't vote on the document until well into next year? For starters, the outcome...
...JEAN-CYRIL SPINETTA, CEO of Air France-KLM, on corporate culture at the merged airline, which hailed a 41% jump in second-quarter net profit
Natsui will become the official leader of PBHA in the middle of January, along with new vice president Laura Jean Ridge ’06, who also ran uncontested...
...against the euro, hurting European exports. Wolfgang Clement, the German Economy Minister, said the European Central Bank should "do its part to calm the situation." But don't expect large-scale international intervention anytime soon; the U.S. shows no signs of being unhappy about the trend. Still, ECB president Jean-Claude Trichet "is caught between a rock and a hard place," reckons Credit Suisse First Boston economist Neville Hill: buoyant oil prices are contributing to higher inflation, but the bank can't raise rates because that would further strengthen the euro. Right now, the most Trichet can do is complain...