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Investors expect that another boost for American industries will come from the declining value of the U.S. dollar. any companies have had slow sales during the past five years because the overweight U.S. currency made their goods and services much more expensive than products from foreign competitors like Japan. But last week the dollar continued to fall sharply against Japan's currency, dipping to a value of 203 yen in Tokyo, the lowest closing level since February 1981. The decline is already showing some concrete results. Japan's Sony announced last week that it plans to raise its U.S. prices...

Author: /time Magazine | Title: The Dow Jumped over the Moon | 4/18/2005 | See Source »

...horseback, the warlord had to stand out from the anonymous mass of his footsloggers, archers and pikemen. In full rig, cased like a land crab in the formal armor that was designed to protect him against sword cuts and even the slow-flying lead balls of a matchlock, he was a sight: the armor consisted of hundreds of lacquered leather platelets, like fish scales, bound together with silk cord. But his mask, finial, badge and troops' standard, all in one, was the helmet, on whose design much fantasy and theatrical cunning were expended. Because they were an inviting target...

Author: /time Magazine | Title: Art: Move Over, Darth Vader | 4/18/2005 | See Source »

Zwilich's new symphony is a 24-minute, three-movement, fast-slow-fast essay that daringly transforms the cello section into a collective soloist, a throaty protagonist locked in combat with the rest of the orchestra. Hard driving and explosive, the piece erupts from a single rhythmic idea that propels the music forward relentlessly. Even the moody slow movement cannot dilute the restless surge, which continues undaunted right to the final bar. Under Conductor Edo de Waart, the San Francisco players gave the 'Cello Symphony a committed, accomplished performance...

Author: /time Magazine | Title: Music: A Bold, Brash 'Cello Symphony | 4/18/2005 | See Source »

Despite that rapid and spontaneous outpouring, rescue work at Armero proceeded at a slow and frustrating pace. The torrential mudslides washed away roads and bridges, limiting efforts to deliver both rescuers and relief supplies. Foul weather and the continuing down pour of volcanic ash from the smoking mountain kept Colombian helicopters away from Armero until Thursday afternoon. Only on Friday could the U.S. fly in any of the big CH-47 Chinook helicopters, capable of evacuating dozens of people at a time. In the interim, only nine small helicopters, able to carry just a handful of victims each, had flown...

Author: /time Magazine | Title: Colombia's Mortal Agony | 4/18/2005 | See Source »

...buckle against one another, crinkling up into a mountain range here, yanking apart to form a rift valley or oceanic ridge there. Such tectonic clashing was responsible for the violent earthquake that shook Mexico City two months ago, when the Cocos plate of the Pacific, temporarily stuck in its slow but inexorable plunge under the North American plate, suddenly jarred loose and lurched ahead. Last week's burst involved a similar movement of plates, but the result was entirely different. Extending along most of the coast of South America, the dense Nazca plate of the Pacific, moving eastward, subducts...

Author: /time Magazine | Title: Volcano: In the Belly of the Beast: Scientists know what makes a volcano blow but still cannot say when | 4/18/2005 | See Source »

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