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...specific answers to the grave problems of the French economy," Sapin told French television. Like other critics of Sarkozy's performance, Sapin noted the nearly $15 billion in tax cuts already passed by the President has further bloated France's staggering public debt without finding new revenues to offset the cost. Meanwhile, faltering economic performance threatens to shrink France's annual growth even smaller than the the government's modest 2.25% estimate for the year...

Author: /time Magazine | Title: Sarkozy Dazzles, But Can He Deliver? | 8/31/2007 | See Source »

...recent months, Allawi has mounted a campaign to return to power, seeking a new parliamentary alliance of secular, Sunni and Kurdish parties to offset the strength of the dominant Shi'ite coalition behind Maliki. A powerful Washington public-relations firm has also begun to aggressively lobby Senators and Congressmen to back Allawi...

Author: /time Magazine | Title: Allawi Gets a Ba'athist Endorsement | 8/30/2007 | See Source »

...Rehabilitation of the Romanovs, murdered by the Bolsheviks, however expensive it might prove, might just come in handy in the presidential election year -this time, to offset leftist moods growing in this oil-rich country that sells gasoline to its impoverished citizens at prices higher than those in the U.S. However, Kremlin PR men may miscalculate any new frenzy about Nicholas. The Emperor is seen as the weak Tsar, whose failures helped bring about both the terrorist revolution and the death of his innocent family. Using this card might prove as hard as proving the authenticity of those newly found...

Author: /time Magazine | Title: Playing Politics with the Romanovs | 8/26/2007 | See Source »

...least six occasions between Aug. 2004 and Jan. 2006, the OFT found, the two companies discussed or briefed each other about proposed changes to the levy, which is meant to help airlines offset the soaring cost of fuel. In that period, the surcharges rose 12-fold to $122 for a typical BA or Virgin long-haul flight. BA has owned up to the collusion. "Anti-competitive behavior is entirely unacceptable," BA chief Willie Walsh said Wednesday. "We condemn it unreservedly." For its part, Virgin is expected to escape a fine, since it blew the whistle on the collusion...

Author: /time Magazine | Title: British Airways Charged Stiff Fines | 8/1/2007 | See Source »

...pine-carpeted parapet of Mount Parnitha. A national park and a European Union-protected wildlife reserve, Parnitha was the last swathe of substantial greenery accessible to the capital's 5 million residents, teeming with deer, squirrels and wild rabbits, and acting as a natural air conditioner to offset the heat and pollution emitted by the capital's 2.5 million cars. July has left the capital choking, as hundreds of firefighters and conscript soldiers battled to stop Parnitha's inferno from sweeping down the mountain's southern slopes and attacking the capital's suburbs. The government declared a tentative victory...

Author: /time Magazine | Title: Athens Is Burning | 7/31/2007 | See Source »

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