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...Netherlands, Germany, and Austria - where enormous pressure on salaries and production costs have made goods and companies more competitive in recent years - the rise of the euro has been less catastrophic, though only in relative terms. Whereas Germany has watched the plummeting dollar eat at its healthy trade surplus, France blames that slide for worsening its growing trade deficit. The consequences have been similar in both countries: as BMW warned that the 5,600 jobs it was eliminating as part of a cost-cutting plan would increase if the euro surged substantially beyond $1.50, plane maker Dassault said it might...

Author: /time Magazine | Title: Europe Longs for a Weaker Euro | 3/13/2008 | See Source »

...diplomat who has followed the issue. "They've really tried to crack down on the border." Beijing isn't motivated purely by image concerns prior to Beijing 2008. The manufacturing economy in China's northeast, home to many state-owned companies, has slowed. "The Chinese already have plenty of surplus labor in that part of the country; they don't need or want any more, and that message has been conveyed to Pyongyang," the diplomat says. Publicly, Beijing insists that all North Korean refugees are "economic migrants" who have no right under international law to enter China illegally. International human...

Author: /time Magazine | Title: North Korea's Deadly Exit | 3/6/2008 | See Source »

...Socialist government passed comprehensive immigration reforms including an amnesty for certain illegal immigrants in 2005. In a Europe plagued with chronic budget deficits, the administration also run a healthy budget surplus in years of strong economic expansion. According to official finance ministry data, in 2007 the fiscal surplus was the second only to Finland in Europe, totaling over 23 billion euros or 2.3 percent of GDP. In fact, the government grew the surplus over 30 percent in the last year, which was the third consecutive without red on the balance sheet...

Author: By Pierpaolo Barbieri | Title: Time Is (Still) On Your Side | 3/5/2008 | See Source »

...Socialists, on the other hand, have emphasized the international nature of the economic crisis and reiterated that they are better equipped to handle future problems. "We've reduced the public debt and increased the surplus," says Socialist Party campaign director Oscar López. "And we've shown, by raising the minimum wage, and by offering a 400-euro rebate to all tax payers, that we know how to help Spanish families...

Author: /time Magazine | Title: Spain's Tough Race Enters Final Stretch | 3/5/2008 | See Source »

...Vaillancourt has had an outstanding season, but I think being on a team with a surplus of offensive weapons will hurt her chances. Because so many of Harvard’s forwards can score, she’s not the go-to option as much as she might be on a less experienced team...

Author: By Kate Leist, CRIMSON STAFF WRITER | Title: THE LEIST I CAN DO: On a Crimson Squad Full of Stars, Cahow Shines the Brightest | 2/26/2008 | See Source »

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