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...before a potential fourth. Jan. 2005 The Sunday Telegraph publishes extracts from Brown's Britain by Robert Peston, a journalist with close ties to the Brown camp, which details the Blair-Brown feud and describes their relationship as becoming one of "mutual animosity and contempt." Blair denies Peston's account, describing the book as "tittle-tattle," but Brown does not. Alarmed Labourites confront the pair at a heated meeting, and put pressure on them to quash the fuss. The next day, Brown says, "Of course I trust the Prime Minister...

Author: /time Magazine | Title: Blow By Blow | 1/16/2005 | See Source »

European retailers sure didn't have a holly jolly Christmas. The annual end-of-year shopping orgy can account for as much as 40% of a retailer's annual sales, but most of the tallying so far has left the big stores crying "Bah, humbug." And the bad news kicked in even earlier. British supermarket chain J Sainsbury last week said its same-store sales, excluding gasoline, fell 1.2% in the third quarter. Two months earlier, the company had declared a $72.5 million pretax loss for the first half - the first loss in its 135-year history...

Author: /time Magazine | Title: Buy Low, Buy High | 1/16/2005 | See Source »

...government need to boost saving and rein in spending, Eichengreen insists. If the U.S won't stop living beyond its means, foreign financing for the U.S. 's current account deficit "could dry up." That really would be dismal. Losing The Controls The French government has pledged to support "national champions" in strategic industries vital to the country, such as pharmaceuticals, aircraft manufacturing and... video games? Amid a national debate over industry policy, Paris is close to a deal to give 325 million in annual tax subsidies to France's video game publishers, on top of the 35 million it already...

Author: /time Magazine | Title: Bizwatch | 1/16/2005 | See Source »

...democracy has the power to transform places like Iraq, so too is he convinced that privatization of Social Security could recharge America's future. The central idea is to take a portion of the tax every worker pays into the Social Security system and put it into a savings account that each individual can decide how to invest. By turning every American into an investor, and a government safety net into a system that rewards judicious risk and individual initiative, Republicans believe they can change how Americans see every question from free trade to capital gains--tax cuts...

Author: /time Magazine | Title: Is There Really A Crisis? | 1/16/2005 | See Source »

...cartographers race to redraw the map of the Indian Ocean basin after last month’s tsunami, they might also have to account for new changes in Iraq. No, Iraq is not yet an autonomous democracy, nor has it been carved up along ethnic and sectarian lines. Neither has Iraq joined the Union as the 51st state...

Author: By Erol N. Gulay, CRIMSON STAFF WRITER | Title: Falluja: The Real Face of U.S. Power | 1/10/2005 | See Source »

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