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...trade rules by giving subsidies to its sugar exporters that distort the world market. But the cuts announced by E.U. Commissioner Mariann Fischer Boel were deeper than expected, and prompted a sour reaction from Europe's sugar industry, which accounts for 13% of world production. Shares in Britain's Tate & Lyle tumbled after it warned that profits could be reduced by more than $150 million over the next two years. Other losers are the least efficient E.U. sugar growers, mainly in Greece, Ireland, Italy and Portugal, as well as 18 countries in the Caribbean that have a duty-free deal...

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

Sales of this year's White House Christmas tree ornament--profiles of James and Dolley Madison--by the White House Historical Association set a new record, 26,500 at $9.75 a bauble. Sheila Tate, who used to be Nancy Reagan's press secretary, was told that during the second term interest in the First Family would begin to decline. "It never happened," she said. Bill Henkel, the White House advance director for three Presidents who in other years used to have to work hard to get crowds, now just has to let people know where Reagan will be and there...

Author: /time Magazine | Title: The Presidency: No Longer a Flawed Institution | 6/21/2005 | See Source »

...amid a rising tide of complaints from customers inconvenienced by the protection techniques, the biggest makers of personal-computer software seem to be giving up. In August Lotus began selling disks that enable corporate customers to strip protection from its best-selling 1-2-3 program. Ashton-Tate quickly followed suit, abandoning copy protection for all its products. Said Chairman Edward Esber: "Sooner or later, you've got to trust your customer." Last week Microsoft announced that it is "going bare" on the last of its business programs, leaving protection only on its popular Flight Simulator game...

Author: /time Magazine | Title: Computers: A Victory for the Pirates? | 6/21/2005 | See Source »

...That doesn't go far in London today, so a limited-edition 70th anniversary special Monopoly Here & Now brings the game up to date. New hot properties such as Notting Hill and Canary Wharf are selling for mini-money millions, a barrage of London icons - including the London Eye, Tate Modern and the new Wembley Stadium - have appeared and, instead of scooping up $18 in a beauty contest, players who draw the right Chance card receive $183,000 for winning a reality TV show. The Free Parking square, however, is history. In London? Never...

Author: /time Magazine | Title: Property Bubble | 6/19/2005 | See Source »

...attention of American art critics to Burri in the early '50s; a young Robert Rauschenberg came to Rome to watch him work. "To his peers, Burri was seen as an absolutely crucial figure to the Italian art scene," says Matthew Gale, curator of a new exhibition at London's Tate Modern dedicated to Burri, Fontana and Manzoni. Growing increasingly disenchanted with the international art scene in the 1970s, Burri decided to cut back on exhibiting new work; instead, he created La Fondazione Albizzini to house and promote many of his favorites in his beloved hometown. Locally, it has been reason...

Author: /time Magazine | Title: Disappearing Act | 5/1/2005 | See Source »

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