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...Parliament to the tricameral legislative system for whites, "coloreds" (mixed-race South Africans) and Indians that took effect last year. Botha declared only that "any future constitutional dispensation providing for participation by all South African citizens should be negotiated." It would be wrong, he said, "to place a time limit on negotiations...

Author: /time Magazine | Title: South Africa: Manifesto for Disappointment | 6/21/2005 | See Source »

...period of "deconvergence," in the jargon of some economists, as spendthrift habits creep back in. A recent European Commission report notes that while Belgium, Finland and Ireland have balanced their budgets, four members--Germany, Greece, France and Italy--have allowed their budget deficits to grow beyond the 3% limit laid down in the rules of the single currency. The overall debt level of the euro countries, which is not supposed to exceed 60% of gross domestic product (GDP), is creeping up again, from 70.8% of GDP in 2003 to 71.3% in 2004 and a projected 71.7% this year...

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

...Mart says it's trying to export its American-style standards and ethics to China's manufacturing sector too. In China, where sweatshops are alive and well, the company insists those measures make a difference. Suppliers, including those who sell to Wal-Mart indirectly through other companies, must limit the work week to 40 hours plus no more than three hours of overtime a day, meet safety requirements and provide decent accommodations for workers. Even those critical of Wal-Mart concede that the standards can make conditions at a Wal-Mart supplier's factory more bearable than they...

Author: /time Magazine | Title: Wal-Mart Nation | 6/19/2005 | See Source »

...Please don't recount this vote." AL GORE, former U.S. presidential candidate, adhering to the Webby Awards' five-word limit on acceptance speeches, after receiving a Lifetime Achievement Award for his role in the development of the Internet

Author: /time Magazine | Title: Verbatim | 6/13/2005 | See Source »

...fortify the Great Firewall of CHINA, Beijing last week ordered all Chinese websites to register with authorities by June 30--or get yanked off the Web. The goal appears to be to limit the independence of domestic websites and blogs, which played a key role in organizing anti-Japanese protests this spring. Even so, many website operators don't see registration as surrender. "The government can close us down whenever it wants anyway," says a registrant who administers a site urging legal reforms. "So registering doesn't make much difference...

Author: /time Magazine | Title: Blogwatch: Jun. 20, 2005 | 6/12/2005 | See Source »

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