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...exclusive at rare wine boutiques. But the joy abruptly ended on July 1. Citing the need to control alcohol quality and tax collection, the government has decreed that as of that date, both domestic alcohol and the estimated 200 million imported bottles held in stock by Russia's retailers and suppliers have to carry sophisticated new excise labels. Selling or hoarding bottles with the old labels is punishable by a $1,500 [an error occurred while processing this directive] fine and loss of a license to sell alcohol. On the same date, any transactions in alcoholic goods became illegal, unless...

Author: /time Magazine | Title: Without Tears — and Now Without Booze | 7/16/2006 | See Source »

...take some of the fun out of shopping. But Ben Bernanke, Chairman of the Federal Reserve, is on the case. The Fed raised its benchmark interest rate by a quarter point last month, the 17th straight increase, in its efforts to gently brake the economy by reining in spending. Retail sales fell ever so slightly in June, according to a Commerce Department report, but consumers hoarding money just to pay for gas won't help the inflation fight. The real test will come this week when the government announces how much consumer prices rose in June. Also keep...

Author: /time Magazine | Title: What Inflation Means For ... | 7/16/2006 | See Source »

...Protecting New Hampshire, though important to any presidential contender (or contender's spouse), is just one reason some people are angry about the deal. Critics say it further compresses the time in which to test candidates, puts a premium on money and fundraising over retail political skill, and risks a chaotic competition for first-in-the-country bragging rights. "The people who want this have the votes, so the process is going ahead," says Don Fowler, the former DNC head who is on the committee that will make the change, "but I think it's going to cause tremendous confusion...

Author: /time Magazine | Title: New Hampshire, Watch Your Back | 7/12/2006 | See Source »

...Retail price of the Adidas +Teamgeist soccer ball, the official ball used at this year's World Cup in Germany...

Author: /time Magazine | Title: Milestones | 7/10/2006 | See Source »

...justify when so few tests come up positive. According to a 1999 ACLU study, the federal government spent $11.7 million to find 153 drug users among almost 29,000 employees tested in 1990, a cost of $77,000 per positive test. Many industries, particularly construction, transportation, health care and retail, also face labor shortages, and the fierce competition for workers may compel employers to forgo drug tests that could dissuade or disqualify people from taking a job - either because they take drugs or simply resent the invasion of privacy...

Author: /time Magazine | Title: Whatever Happened to Drug Testing? | 7/7/2006 | See Source »

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