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...With 14 generic companies lined up to start making generic Glucophage, consumers stand to benefit greatly if BMS is not successful with its unorthodox interpretation of FDA rules. Analysts believe the price of the product, whose generic name is metformin, would plummet immediately by at least 30%, with greater price cuts as time passed...

Author: /time Magazine | Title: Bristol-Myers Squibb Lobbies for a Patent Loophole | 11/2/2001 | See Source »

Europe has been getting that sinking feeling all year, an inevitable result of the U.S. economic downturn. After expanding 3.4% in 2000, the single-currency system could see its growth plummet to 1% or less this year. But here's the rub: even as the 12 member countries' economies languish, the European central bank, which conducts a single monetary policy for all euro-zone nations, has been very skimpy in lowering interest rates. After seven rate increases within a year, the ECB grudgingly dropped rates just once, on May 10--and then by a quarter of a percentage point...

Author: /time Magazine | Title: Recovery At Risk | 8/6/2001 | See Source »

...EUROSCLEROSIS Europe has been getting that sinking feeling all year, an inevitable result of the U.S. economic downturn. After expanding 3.4% in 2000, the single-currency system could see its growth plummet to 1% or less this year. But here's the rub: even as the 12 member countries' economies languish, the European central bank, which conducts a single monetary policy for all euro-zone nations, has been very skimpy in lowering interest rates. After seven rate increases within a year, the ECB grudgingly dropped rates just once, on May 10--and then by a quarter of a percentage point...

Author: /time Magazine | Title: Recovery At Risk | 8/1/2001 | See Source »

...will come true--though not as he imagined. Now about halfway through its estimated 10 billion-year lifetime, our sun is slowly brightening. In about 1 billion years, its energy output will have increased at least 10%, turning Earth into a Venusian hothouse where plants wither, carbon dioxide levels plummet and the oceans boil...

Author: /time Magazine | Title: How Long Will We Be Around? | 6/25/2001 | See Source »

...George W. Bush Republicans have no mandate to overinterpret. They are proceeding now by the metaphysics of Wile E. Coyote, who ventures bravely into midair, until he notices that he is standing on thin air above the deep canyon, into which, presently, he begins a long, whistling plummet that ends in a distant "poof!" on the canyon floor...

Author: /time Magazine | Title: Is George W. Heading for a Crash on the Newt Gingrich Highway? | 4/2/2001 | See Source »

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