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...devastating proposal that must be fought tooth and nail," said Ian McDonald, chief executive of the Sugar Association of the Caribbean. The Commission's proposal must still be approved by E.U. governments, but Fischer Boel insisted there's no alternative. Any failure to act, she said, "would mean a slow and painful death for the European sugar sector." One consolation: European confectionery and biscuitmakers say the new prices will make them more competitive. How sweet it is. - By Peter Gumbel Getting Posh In Prague Thanks to the likes of Easyjet and Sky Europe, the flow of budget-conscious tourists into...

Author: /time Magazine | Title: Bizwatch | 6/26/2005 | See Source »

...million profit. All told, spending on the Athens Games exceeded the gdps of more than 100 nations, including Jamaica and Malta. Thanks to its profligacy, Greece now has a 6% budget deficit, in breach of the European Union's stability pact, and its economic growth is projected to slow from 4.2% in 2004 to 2.8% in 2005. "The fact that Greece is in breach of the stability pact is in large part due to Olympic accounts," says Christos Hadjiemmanuil, who is on leave from the London School of Economics to run the state company that is trying to lease...

Author: /time Magazine | Title: Why Back The Bid? | 6/26/2005 | See Source »

...with prices at the pump dipping below 700 per gal., the economic incentive for a 55-m.p.h. limit is fading. In the West, state governments are joining individual drivers in rebelling against Washington's go-slow edict. Arizona, South Dakota and Nebraska have reduced fines for exceeding the speed limit to as little as $10. Those states, as well as North Dakota, Minnesota and Nevada, have passed laws eliminating penalty points for some speeding infractions. California has discussed raising the speed limit to 65 m.p.h. on highways in less populated areas...

Author: /time Magazine | Title: Thunder Road: States fight the 55-m.p.h. limit | 6/21/2005 | See Source »

...Reagan Administration, which has been supplying arms to the rebels through a clandestine CIA pipeline, was closely watching the latest offensive. "We don't think the Soviets can beat the Afghans," said one official. Washington fears, however, that heavy rebel casualties and the psychological toll of battle could slow resistance as the war grinds on. Concurred Jonathan Alford, deputy director of the International Institute for Strategic Studies: "It is beginning to look like a very bleak future for the mujahedin." The new Soviet drive is certain to be one of the first topics when stalemated talks aimed at ending...

Author: /time Magazine | Title: World Notes: May 5, 1986 | 6/21/2005 | See Source »

...literature, quantity is supposed to be the enemy of quality. Slow writers find themselves hailed as painstaking artists; prolific ones are dismissed as hacks, particularly if they work within the confines of the thriller, the sci-fi adventure, the western or the like. There are very few exceptions: Georges Simenon and Isaac Asimov have each written more than 300 well-received volumes, and William F. Buckley Jr. gets good reviews for spy novels that he claims to churn out in as few as 150 hours per caper...

Author: /time Magazine | Title: Books: Shivers | 6/21/2005 | See Source »

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