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...substantial number of his peers asking that John Paul's "cause" proceed without the usual five-year wait. Thus Vatican watchers regard the exemption--which Benedict announced personally, in Latin, to roars of approval from a group of seminarians--as not simply a bow to overwhelming lay sentiment but also a kind of political nod to the Cardinals in the name of their collective mentor...

Author: /time Magazine | Title: Getting To Know Him | 8/1/2005 | See Source »

...anything close to what they were seeking, but the wind is now out of their sails. U.S. Treasury Secretary John Snow's statement that he welcomes the currency shift makes it likely that protectionist legislation will now lose support in Washington. Likewise in Europe, the anti-Chinese sentiment on trade policy should recede...

Author: /time Magazine | Title: Give China Credit | 7/25/2005 | See Source »

...tide of Chinese imports. Legislation in the U.S. that would have imposed a 27.5% tariff on all Chinese imports if Beijing didn't revalue?a measure that received an unexpected level of support in the Senate earlier this year?now appears to be going nowhere. Also easing anti-Chinese sentiment in the U.S. were setbacks last week to two attempted acquisitions of U.S. firms by Chinese companies. Mainland appliance maker Haier dropped its $1.28 billion offer for Maytag, and a politically controversial $18.5 billion bid by China National Offshore Oil Corp. to buy U.S. oil giant Unocal has run into...

Author: /time Magazine | Title: The Yuan Effect | 7/25/2005 | See Source »

...carpet. Check out Tapetes de Arraiolos Califa (tel: [351-96] 5538829; www.freewebs.com/califa/). A Welsh lovespoon, a token of affection since the 17th century, can stir up holiday memories. Hand-carved by artisans such as Richard Downes (tel: [44- 1792] 369726; www.lovespoon.co.uk), the spoons use symbols to spell out sentiment. In Brussels, workshops like Louise Verschueren (tel: [32-53] 84 86 80; www.belgian-lace.com) produce handcrafted needle lace for anything from wedding veils to T shirts. Craftsmen in the villages of Palekh, Mstera and Kholui northeast of Moscow have became world-famous for their detailed lacquerwork paintings (www.russian-classics.com). Almost anywhere...

Author: /time Magazine | Title: Super Souvenirs | 7/25/2005 | See Source »

...Check out Tapetes de Arraiolos Califa (tel: [351-96] 5538829; www.freewebs.com/califa/). A Welsh lovespoon, a token of affection since the 17th century, can stir up holiday memories. Hand-carved by artisans such as Richard Downes (tel: [44- 1792] 369726; www. lovespoon.co.uk), the spoons use symbols to spell out sentiment. In Brussels, workshops like Louise Verschueren (tel: [32-53] 84 86 80; www.belgian-lace.com) produce handcrafted needle lace for anything from wedding veils to T shirts. Craftsmen in the villages of Palekh, Mstera and Kholui northeast of Moscow have became world-famous for their detailed lacquerwork paintings (www.russian-classics.com). Almost anywhere...

Author: /time Magazine | Title: Super Souvenirs | 7/19/2005 | See Source »

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