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...underway, that uneasy mixture of confidence and incredulity seems to be a global phenomenon. Economists, bankers and policymakers have long argued about the extent to which the world economy remains dependent on America, and the issue will loom large at this year's World Economic Forum in the Swiss mountain resort of Davos in late January. The U.S. constitutes about 28% of global gross domestic product as measured in dollars, and it accounted for one-fifth of worldwide growth between 2000 and 2006. So the big question is: If America's growth doesn't pick up significantly, can other countries...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

...known for her Lion King on Broadway but also director of the films Titus, Frida and the forthcoming Beatles pastiche Across the Universe ? has condensed her zazzy Zauberflote, which premiered at the Met in 2004, into a 100min., kid-friendly Magic Flute. And Anthony Minghella (The English Patient, Cold Mountain, the current Breaking and Entering) did a rapturously received Madama Butterfly this fall. Gelb has also hired Broadway directors ? Jack O'Brien, of Hairspray fame, and Bartlett Sher, who did The Light in the Piazza, to stage operas...

Author: /time Magazine | Title: A Chinese Movie at the Met | 1/13/2007 | See Source »

...Armenian-occupied Nagorno-Karabakh region in Azerbaijan, and in Georgia, which has been in a conflict with South Ossetian separatists. Then there were the engineering issues: the pipeline had to pass under about 1,500 rivers. At one point BP hired 400 archaeologists to sift through the mountain of ancient artifacts unearthed along the way. Equally daunting was the political wrangling: two of the three countries changed Presidents during construction, requiring lengthy renegotiations over the deal...

Author: /time Magazine | Title: Oil's Vital New Power | 1/12/2007 | See Source »

...guests. "You'll see," he says, before giving driving directions, "it's a nice gadget." The town square is tiny, with no stores or restaurants, and is encircled by abandoned 15th century stone and wood cottages that look like drooping gingerbread houses. It is the vision of a dying mountain town, except for the odd 5-m-by-8-m rectangular slab of metal perched on the rocky cliff above, like a giant shining postage stamp. By 10 a.m., with a computer adjusting the mirror's position, the sun is indeed ricocheting down to the piazza, but it's more...

Author: /time Magazine | Title: Reflections On An Alpine Village | 1/11/2007 | See Source »

...first, you can't expect perfection. We want to improve the design so others can use it too." Lodge owner Ragozza is more interested in p.r. than the science, suggesting the town could even start a Miss Mirror bikini contest each winter. We can only wonder how the mountain gods would react to that...

Author: /time Magazine | Title: Reflections On An Alpine Village | 1/11/2007 | See Source »

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