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Deficit Mending Last week, during negotiations among E.U. Finance Ministers, Luxembourg 's Prime Minister Jean-Claude Juncker sounded like a calculus professor who'd run out of blackboard space. He's struggling with a difficult problem: how to revamp the stability and growth pact - the much-violated E.U. doctrine designed to govern fiscal rectitude - a task that falls to Juncker while his country holds the rotating E.U. presidency. The pact caps euro-zone countries' deficits at 3% of GDP; Germany and France want to change the rules on what spending gets counted in deficit calculations. Germany, for example, wants...

Author: /time Magazine | Title: Bizwatch | 3/13/2005 | See Source »

...crusade, bring Senator Jesse Helms to tears as the musician quotes verses from the Bible. We also learn of practical solutions. Hertz insists that debt relief should be delinked from International Monetary Fund and World Bank "good governance" conditions, arguing that there isn't time for impoverished countries to revamp their political systems. Instead, Hertz proposes that debt savings should go into trust funds managed by independent boards and earmarked for poverty alleviation. Fundamentally, Hertz sees debt relief as a security issue. "There's a moral imperative and also one of self-interest," she says. "When states can provide health...

Author: /time Magazine | Title: Book Review: Relief Pitch | 3/6/2005 | See Source »

...boyfriend. Adding insult to injury, the way child support works is that the less contact you have with your children, the more you pay. Due to report back to the government by the end of the month, the task force is expected to recommend a revamp of the 17-year-old scheme...

Author: /time Magazine | Title: Giving Fathers A Fairer Go | 3/6/2005 | See Source »

...Being a hockey fan was my way of seeming special. So I hope when the NHL comes back, probably not until 2007, it doesn?t try to revamp itself for the masses. There are lots of suggestions: making the goals bigger or the goalie pads smaller; getting rid of the red line; eliminating fighting; having monkeys drive Zambonis; putting strippers in the penalty box. Some of those ideas might be mine...

Author: /time Magazine | Title: Someone Has To Miss Hockey | 2/21/2005 | See Source »

...hand of friendship and especially the prospect of membership. For countries like Bosnia, Turkey and Ukraine, the only thing worse than having to deal with the Brussels bureaucracy is not getting to deal with it at all. E.U. membership is such a powerful lure that countries will revamp their legal, judicial and political systems just to join...

Author: /time Magazine | Title: Why the U.S. Needs the E.U. | 2/20/2005 | See Source »

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