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...even among his family and friends - for running with the Socialist Party and having to carry two bodyguards in the face of threats from the ETA. "I am betting on this process to reach a [positive] outcome. I hope it is now. I hope we don't have to wait 30 or 40 years for another chance...

Author: /time Magazine | Title: Is the Basque Peace for Real? | 7/11/2006 | See Source »

...decided to make a one-cent euro coin (though several countries have since effectively banished it): "If you take the penny away, that has a huge impact on how people view the economy and inflation." If you think Fed Chairman Ben Bernanke's statements rock the markets, Weller says, wait till you see what happens if we lose the penny. Then Weller gets personal. "Kolbe is from the leading copper-producing state in the Union. And," he continues, "nickels are mostly made of copper." Kolbe counters that he's for de-copperizing the nickel, which also costs more than...

Author: /time Magazine | Title: Common Cents | 7/10/2006 | See Source »

...rate hike is by no means guaranteed?the BOJ could wait until its next meeting in August or beyond. But 32 out of 41 analysts and traders surveyed by Reuters last week said they expect an increase at this week's meeting. Yasunari Ueno, chief market economist at Mizuho Securities, says, "I put the possibility for a hike this week at 80% to 90%." If it doesn't happen, there's nonetheless a widespread belief that it will inevitably do so in the next few months?and that the first rise will likely be followed by more...

Author: /time Magazine | Title: Japan Takes Flight | 7/10/2006 | See Source »

...unilateralist vision of American power and how to use it. He aimed to lay the foundation for a grand strategy to fight Islamic terrorists and rogue states by spreading democracy around the world and pre-empting gathering threats before they materialize. And the U.S. wasn't willing to wait for others to help. The approach fit with Bush's personal style, his self-professed proclivity to dispense with the nuances of geopolitics and go with his gut. "The Bush Doctrine is actually being defined by action, as opposed to by words," Bush told Tom Brokaw aboard Air Force...

Author: /time Magazine | Title: The End of Cowboy Diplomacy | 7/9/2006 | See Source »

That leaves the Tour de France field, already wide open in the wake of Armstrong's retirement, an even wilder mishmash. Asked shortly before the race began about his improving prospects, American Floyd Landis just sighs. "Jesus," says Landis, "I have to wait to know who's here--which is sad to say, because [the race] starts in about 24 hours." It could be the Tour's roughest ride...

Author: /time Magazine | Title: On a Downhill Cycle | 7/5/2006 | See Source »

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