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...another problem. The average Hyundai car retails for 10-15% less than a comparable Toyota or Honda in the U.S., but with rising labor costs and a weaker dollar, Hyundai must persuade customers to pay more so that profits keep growing. Last year, Hyundai's earnings edged up a mere 2%, while sales grew 10%. Zayong Koo, an auto analyst at Lehman Bros. in Seoul, says it could take several years before Hyundai achieves this crucial pricing power: "They need to show a track record of good-quality cars in order for them to take that next step and raise...

Author: /time Magazine | Title: Hyundai Revs Up | 4/18/2005 | See Source »

...failure at an electrical substation suddenly cut power in a square-mile section of Washington, including the Capitol building. Office workers groped through dim hallways toward daylit exits, subway trains coasted into motionlessness, and tourists stood around in knots, prevented by guards from entering the darkened Capitol. But no mere utility collapse could be allowed to shut down the U.S. Senate. Under the pallid glow of a lone emergency light, the lawmakers went about their business as usual. Since the bells normally used to call the Senate to order had been knocked out, a clerk gained the attention...

Author: /time Magazine | Title: Lights Out on Congress | 4/18/2005 | See Source »

...Agricole all say they will not follow suit until customers express interest of their own. It may be a long wait. Though the French wrote 4 billion checks on 57 million current accounts last year, the national average balance of €1,500 would yield a mere €7.50 interest annually under Caisse d'Epargne's scheme - before tax and service charges. Not much of a revolution after all. - By Bruce Crumley...

Author: /time Magazine | Title: Bizwatch | 4/17/2005 | See Source »

...ancient truffle terroir is being hammered by pesticides and urbanization. Two centuries ago, French black truffles were so abundant that they were cheaper than tomatoes; since then, the average annual truffle harvest in the Périgord region and beyond has declined, from some 1,800 tons to a mere 50 tons. An influx of Chinese truffle spores could finish off an already threatened gastronomic tradition...

Author: /time Magazine | Title: Truffle Scuffle | 4/17/2005 | See Source »

...wineshop, Breuer also offers the town's best digs. The Rüdesheimer Schloss is an 18th century hotel in the middle of the oldest part of town and features Internet access, excellent cuisine and a first-rate wine list. The oldest vintage dates back to 1704 (yours for a mere $3,227). More reasonable was a $36 bottle of 1989 Breuer Riesling from the Bischofberg vineyard. As I swirled my glass and dipped crusts of dense rye bread into my Riesling-and-cheese soup, an oompah band pounded in the distance--a perfect German winery experience...

Author: /time Magazine | Title: Raising Riesling | 4/17/2005 | See Source »

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