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...million) and Alinghi Challenge ($55 million) could be pleased that their investment had won them a share of the lead. But with six rounds to go before the February showdown with the Kiwis, nobody will be uncorking any champagne just yet. "The second round robin will be a lot tougher," said Alinghi skipper Russell Coutts. "We feel we are near the top of our group, but to stay there we have to work very hard." The Italian Prada syndicate, meanwhile, were left to wonder where all its money had gone. Having beaten off all comers in 1999 to challenge...
Last weekend's Bali bomb blast that killed upwards of 180 people is a bloody "wake up call" to Indonesia to get tougher on the terrorists in the archipelago. So says Paul Wolfowitz, the deputy secretary of defense and arguably the Bush administration's most ardent champion of Indonesia. "We've been talking with them for a long time about the seriousness of this problem, and the need to take it on seriously," said Wolfowitz, who served as the U.S. ambassador in Jakarta from 1986 to 1989. "While they've made progress, there's still obviously a lot more...
Pity the pundit who tries to draw conclusions about the state of the world from the spring-summer 2003 fashion shows in Milan and Paris. Fashion forecasting is a dubious business in any year, but this year it's tougher than ever. Designers at both cities were buoyantly optimistic, unveiling ambitious new shapes and colors in the face of shrinking sales, a stuttering economy and a looming U.S.-led war against Iraq. The trends on the runways of Milan and Paris - shimmering silver, tiny skirts, Asian influences, a new top-heavy silhouette, to name but a few - were stronger...
...1970s with mass production of simple but stylish automobiles, Agnelli, now 81, has also been known at home to push through special legislation for Fiat - and to be more than willing to ask for (and get) public financial help when times get tough. And times don't get much tougher than right now. Fiat Auto, which employs more than 30,000 workers in Italy, lost $808 million in the first half of 2002. Having overbuilt capacity just in time for the falloff in demand, the company's gross debt has climbed to some $32 million. Fiat last week announced...
...demand that Baghdad allow foreign military units to set up bases inside Iraq and send troop contingents along on inspections. Negotiations between France and the U.S. have failed to resolve the deadlock. Still, there are signs that a consensus is possible over a compromise that sets Iraq tougher new inspection terms - such as requiring that Baghdad make a declaration of all of its current non-conventional weapons stockpiles and programs and submit to an intrusive (although not armed) anywhere-anytime inspection regime. Such a resolution might also fudge the issue of authorizing force by hinting at consequences for failure...