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...Although business confidence has improved because of ramsi's presence, "the underlying economic situation is fragile," says bank governor Hou. "We had a narrow-based economy to start with, and the ethnic tensions only made things worse." Also of concern, he adds, is that "many items of expenditure have been taken over by foreign governments - Australia has taken over rural health, New Zealand is paying for education. There's also police, speed boats and vehicles, which cost a lot of money. What happens when this is withdrawn?" Down the track, Hou worries about output matching the population growth rate...

Author: /time Magazine | Title: After the Storm | 11/30/2004 | See Source »

...still too soon to tell whether all these efforts will pay off. But there are some signs that the chasm is beginning to narrow. Among fourth-graders, for example, 92% of whites met state reading standards last year, and so did nearly 70% of their black classmates, up from a mere 35% three years ago. Nonetheless, superintendent Fornero gives Ann Arbor's performance only a grade of C because "some people still don't believe we have a problem." Until they do, he says, the path to an A will be long and uphill...

Author: /time Magazine | Title: Closing The Gap | 11/29/2004 | See Source »

...until well into next year? For starters, the outcome of the Socialists' vote, expected over the weekend, could be a harbinger of things to come - both within France and across the E.U. To be ratified, the constitution must be approved by each member state. A rejection, or even a narrow yes vote, from the Socialists will almost certainly embolden opponents of the document in places like Britain and Denmark, and accelerate Euroskepticism elsewhere. The topic took center stage at last week's meeting of European Socialist leaders in Madrid. "Voting yes for the European constitution is a step forward; voting...

Author: /time Magazine | Title: A Party Divided | 11/28/2004 | See Source »

...Grumet-Morris, whose brilliant play in net guided Harvard through an uncertain first period, ensured that the narrow lead would stand up, recording 20 of his 30 saves in the final two periods...

Author: By Timothy J. Mcginn, CRIMSON STAFF WRITER | Title: Half-Minute Men | 11/24/2004 | See Source »

...Iraq may be a prime example of how President Bush's portfolio of "political capital" may have actually diminished, rather than grown, since he went to war some 20 months ago. By measure of boots on the ground, his coalition was narrow to begin with, but today it is smaller than when the war began, following the departure of troops from a number of European and Latin American countries, and plans for others to leave in the next four months. European allies who backed the war despite overwhelming domestic opposition suffered a major credibility blow when the weapons of mass...

Author: /time Magazine | Title: Analysis: Bush's Daunting Task in the Mideast and North Korea | 11/23/2004 | See Source »

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