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...early for Rome to consider lifting the cap. And onerous put options may yet force EDF to exit Italy. But Italian utilities might want to buy a piece of Italenergia and that "could get the French off the hook," says the exec. Still, if that eases pressure to reform, consumers may lose; Fabrizio De Candia, European power director at Cambridge Energy Research Associates in Paris, says Italian power prices are up to 40% higher than Western Europe's average. Now that's a real shock. - With reporting by Jeff Israely Alternative Medicine What's the remedy for growing pains...

Author: /time Magazine | Title: Bizwatch | 2/28/2005 | See Source »

...debate] was indicative of a larger problem that we need to get at the heart of,†Chadbourne said, adding that he hopes the Reform Committee, which was formed last week to investigate structural changes to the UC, will look into this problem...

Author: By Liz C. Goodwin, CRIMSON STAFF WRITER | Title: Grant Spurs Controversy | 2/28/2005 | See Source »

...impact is unknowable. I spent a week visiting with government officials, scholars and business people as part of a small delegation organized by the Council on Foreign Relations. The Saudis were uniformly charming, distressed by their post-9/11 reputation in the U.S. and impatient about the pace of reform in their society. "We made a mistake," a Saudi official told me. "We thought that when teachers cursed Christians and Jews, that it was just words and there would be no impact. It is said that communists take control of a country using trade unions and Arab nationalists take control...

Author: /time Magazine | Title: The Camel That Came in Second | 2/27/2005 | See Source »

...agony of the élites appears to be real, even if it is usually accompanied by the reflexive blaming of Israel for everything, including the recent assassination of Lebanese leader Rafiq Hariri. There is anger at President Bush's attempts to unilaterally impose reform from afar, but it is followed by grudging acknowledgment of the problem. "We know we have to change," a businessman said in one of our meetings. "Please keep pushing...

Author: /time Magazine | Title: The Camel That Came in Second | 2/27/2005 | See Source »

...BEEN LESS THAN A month since George W. Bush began getting specific about his plans to reform Social Security, but bookmakers in Washington are lengthening the odds of its passage. Republicans have returned from a weeklong recess telling stories of meetings on the issue with voters who ranged from suspicious to downright hostile. At a town-hall gathering at the Madison #1 Middle School in Phoenix, Ariz., G.O.P. lawmaker John Shadegg faced a crowd of 280 people, 30% of whom by his estimate were there to voice angry opposition to tinkering with Social Security. "They rushed to the microphones," says...

Author: /time Magazine | Title: Reform's Hard Road | 2/27/2005 | See Source »

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