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...estimated 1,000 hectares a day, has been declared a severe drought zone. Spain, where rainfall in the first half of the year was 35% below average, is still in a political clinch over a July 16 blaze that killed 11 firefighters; the opposition Popular Party claims the Socialist government didn't act quickly enough to bring the situation under control. Such political battles could intensify, since experts warn that drier conditions are here to stay. Earlier this year European Commission researchers reported that while precipitation has increased in northern Europe over the past 100 years, it has decreased...

Author: /time Magazine | Title: All Fired Up | 7/31/2005 | See Source »

...Although considerably more muted than expected, the answer came on July 21, when the People's Bank of China posted a notice on its website announcing the end of the yuan's peg to the dollar. Citing its wish to "improve the socialist market economic system in China," the bank set the yuan at 8.11 to the dollar?a 2.1% increase in its value?and decreed that henceforth it would trade within a narrow band of 0.3% each day against a basket of (unnamed) currencies. Now that the yuan is allowed to float, even only slightly, its value should better...

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

...happened before, the big questions about unity at the meeting may revolve around French President François Mitterrand. This year France's position at the summit is cloudier than ever because of the installation in March of Conservative Jacques Chirac as Socialist Mitterrand's Premier. Chirac has decided to put in an appearance at the meeting, throwing the protocol-conscious Japanese into a tizzy. One compromise: Chirac will show up at Akasaka only after the opening state dinner, thus avoiding a major problem with head-table seating...

Author: /time Magazine | Title: High Hopes for a Smooth Trip | 6/21/2005 | See Source »

With Samuel's business in Socialist shambles, it fell to the pampered Volodya to become the family breadwinner by hastily beginning his public career. "My father cautioned against doing anything mad. Madness was not having a good home filled with music, good food and good companions. Madness was depriving his children of what he felt they deserved. Madness for him was leaving Russia; the land was his soul and his heart. But he could send his son out and give the son his blessings because he believed music has no boundaries and no barriers...

Author: /time Magazine | Title: Vladimir Horowitz: The Prodigal Returns | 6/21/2005 | See Source »

...Syria may have abetted the bombers. A raucous debate erupted last Wednesday after Premier Jacques Chirac told the National Assembly, "There can be no discussion, direct or indirect, with terrorists." Opposition deputies sharply questioned the government's appeals to Syria for help in tracking down the Paris bombers. Fumed Socialist Lionel Jospin: "If Country X in the Middle East is involved, why ask its help...

Author: /time Magazine | Title: Terrorism: Questions About a Damascus Connection | 6/21/2005 | See Source »

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