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...will not agree to permit new aircraft subsidies that are illegal under WTO rules. That certainly covers launch aid." Competition in the commercial airplane market - expected to be worth $2 trillion over the next 20 years - is to be expected, but this feud has bigger implications. At its core, it is a debate about the relationship between the state and private enterprise - specifically, what sort of helping hand a country can legally give its friendly local planemaker. But because of the big money involved and the critical role that aircraft play in national security, the spat threatens already tense...

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

...second election victory in June 2001, Blair's popularity plummets midterm due to the war in Iraq and allegations that the government "sexed up" intelligence on WMD. In a speech seen by many as an outline of his leadership agenda, Brown urges the Labour Party to return to its core values. Nov. 2003 At a private dinner, Blair is said to admit that he has lost voters' trust and to tell Brown that he will stand down before the next election. March 2004 Blair allegedly tells Brown that he will stand down in the fall. May 2004 Less than...

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

...Lellig, director of the industry association APOM. EA says its intentions are not hostile and industry sources in the U.S. point out that one of Ubisoft's best-selling games is - mon dieu! - that great French cultural gem, Tom Clancy's Ghost Recon. - By Peter Gumbel Apple Gets Hard Core Profits at Apple more than quadrupled to a record $295 million in the first quarter, thanks to a 525% jump in sales of the iPod. Meanwhile, the computer maker unveiled the Mac mini, a cut-price desktop, and a no-frills, smaller iPod...

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

...want to rest until they find it. "They're not just looking for a job," Arnett says. "They want something that's more like a calling, that's going to be an expression of their identity." Hedonistic nomads, the twixters may seem, but there's a serious core of idealism in them...

Author: /time Magazine | Title: Grow Up? Not So Fast | 1/16/2005 | See Source »

...more vocal advocates of the turnaround strategy. Kellogg had been suffering at the hands of consumers who were flocking to cheaper cereals--or finding other things to eat altogether. The company's initial reaction was to discount, which only hurt the bottom line more. At the core of Gutierrez's fix-it strategy was a shift in financial goals: instead of focusing on the number of pounds of product sold, executives started looking at performance in terms of dollars. As a result, the company put increased emphasis on more expensive items, such as Special K Red Berries and Raisin Bran...

Author: /time Magazine | Title: Biz Briefs: Food: A New Tiger Tamer | 1/16/2005 | See Source »

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