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Despite his rhetoric, García has successfully imposed an economic austerity program as tough as any the IMF might envision. In his first month in office, he froze prices of consumer goods and rents indefinitely and devalued the sol by 12%. The result: a decline in the annual inflation rate from 192% to 30%. He slapped import restrictions on food and luxury goods and raised the minimum wage by 50%, to about $40 a month, giving teachers a 22% hike and other government workers...

Author: /time Magazine | Title: South America: Flair, Firmness And Ideas | 6/21/2005 | See Source »

...studio near each of his homes, including on Paris' Left Bank and New York City's Park Avenue, and in villas in Colombia and Pietrasanta, Italy. The late Prince Rainier of Monaco gave Botero a studio in Monte Carlo, where he spends several weeks a year. And Villa del Sol, a plush beachfront resort in Zihuatanejo, Mexico, built a suite to Botero's specifications, and hosts the artist there one month each winter. This perpetual motion notches up considerable air miles. But the greatest distance Botero has traveled is from his dirt-poor beginnings. His father battled to keep...

Author: /time Magazine | Title: Nice Round Figures | 6/12/2005 | See Source »

...crude plug-in. (The original Prius' batteries charge up when the car brakes.) Hanssen was inspired. He enlisted the support of another privately held firm, Clean-Tech, to devise a more sophisticated version of the plug-in Prius. Hanssen recently showed off his prototype at the 2005 Tour de Sol, a green-car race in Saratoga Springs, N.Y., where it didn't win but did deliver a fuel economy of 102 m.p.g. over a 150-mile course. The cost of charging the batteries? A buck...

Author: /time Magazine | Title: Breaking That Dirty Old Habit | 6/6/2005 | See Source »

...MAKING OF A PUBLIC MAN by Sol M. Linowitz Little, Brown; 258 pages...

Author: /time Magazine | Title: Books: Diligence | 4/18/2005 | See Source »

...been on the federal payroll since the 1960s, when Lyndon Johnson named him U.S. Ambassador to the Organization of American States. Yet Sol Linowitz has been shaping public policy for decades, as co-negotiator of the Panama Canal treaties in the 1970s, as Jimmy Carter's special Middle East envoy, and as chairman of countless public and private bodies, from the National Urban Coalition to the Jewish Theological Seminary of America. Despite his years in high places, Linowitz remains a remarkably modest man. This memoir contains few claims of credit for policy coups and no attempts at self-justification...

Author: /time Magazine | Title: Books: Diligence | 4/18/2005 | See Source »

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