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...reserves, thanks to a longstanding and increasingly ruinous policy of providing subsidized fuel to consumers. Gasoline in Jakarta costs a mere 27? per liter; some economists worry that if the government continues to spend an estimated $1 billion a month on fuel subsidies, as it's currently doing, a rerun of the 1998 financial crisis isn't entirely out of the question. In the Philippines, the fallout from higher oil prices only deepens the troubles of embattled President Gloria Macapagal Arroyo. A four-day work week and gas rationing are among the economically dubious coping strategies that Manila...

Author: /time Magazine | Title: Peril at the Pumps | 8/29/2005 | See Source »

...many times do we have to rerun the Scopes "monkey trial"? There are gaps in science everywhere. Are we to fill them all with divinity? There were gaps in Newton's universe. They were ultimately filled by Einstein's revisions. There are gaps in Einstein's universe, great chasms between it and quantum theory. Perhaps they are filled by God. Perhaps not. But it is certainly not science to merely declare...

Author: /time Magazine | Title: Let's Have No More Monkey Trials | 8/1/2005 | See Source »

...test. The 542 aspirants are stunned. Three phoned a Long Island lawyer to inquire about a possible class action. Said Candidate Ronald Korybski: "Who wants to study all that again?" The answer is nobody. Still unanswered: Were the tests lost, or were they stolen to force a rerun by some unprepared victim of that other nightmare...

Author: /time Magazine | Title: Test Case:The day the exams vanished | 6/21/2005 | See Source »

...like a rerun from the bad old days of Italian politics, when governments came and went at the rate of more than one a year. Prime Minister Silvio Berlusconi resigned last week after a disastrous showing by his center-right coalition in local elections. One partner, the Union of Christian Democrats (UDC), withdrew its ministers; another, the National Alliance (AN), threatened to do likewise. So Berlusconi quit, but quickly formed a new government by reshuffling his Cabinet. He appointed former Treasury Minister and Berlusconi loyalist Giulio Tremonti as deputy PM in place of UDC chief Marco Follini, who has distanced...

Author: /time Magazine | Title: Waving or drowning? | 4/24/2005 | See Source »

...treaty originates from and underpins undemocratic processes. Unlike almost any other document of constitutional pretensions in democratic history (including the one currently being created in Baghdad), it was composed not by a freely elected assembly but by an unelected Convention presided by Giscard-d’Estaing. Like a rerun, it lays out already well-known principles of economic integration in the EU: severely limited powers for the directly elected European Parliament and free rein for the appointed European Commission to demolish obstacles to the competitive marketplace whatever their form. A multitude of other provisions prohibit harmonizing labor laws...

Author: By Daniel B. Holoch, | Title: France Should Say 'Non' | 4/19/2005 | See Source »

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