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...respect, however, the new focus on the euro underscores an increasingly troubling economic reality: the tensions caused by growing economic divergence among the 12 countries that use the euro. That is a sharp reversal from the 1990s, when candidates for the single currency moved aggressively to bring their economies in line by slashing budget deficits and keeping a tight lid on spending to lower inflation. At the time, advocates of the single currency argued that it would give a boost to Europe's economy and help make it more competitive. Now Europe has entered a period of "deconvergence...

Author: /time Magazine | Title: Currency: Euro-Division? | 6/20/2005 | See Source »

...most casual observers outside China don't understand that even as the nation gains respect, its people are haunted by a deep sense of past slights. China's long journey toward modernity began not because the dragon gently flexed its scaly muscles but because others prodded it with a sharp stick. When China began to open up to the world 150 years ago, it did so because gunships of the British Royal Navy, working in the service of opium smugglers, forced the imperial government to accept foreign trade. As China sees its history, the country was subjected to foreign humiliation...

Author: /time Magazine | Title: Small World, Big Stakes | 6/20/2005 | See Source »

...After weeks where his press conferences were standing-room only events with reporters firing sharp questions about his relationship with lobbyist Jack Abramoff, things have become much quieter for Tom DeLay. On Tuesday, with many empty chairs in the conference room on the first floor of the Capitol where he holds his weekly press availabilities, DeLay focused on laying out the House's Republican leadership's agenda for the week and received only one question about his ethics troubles. The Majority Leader even brought up the issue first. Asked by a reporter about the G8 conference next month in Scotland...

Author: /time Magazine | Title: Capital Letters: Who's the GOP Frontrunner? | 6/16/2005 | See Source »

...LOOKING SHARP For about $300, Canon's ZR100 includes a widescreen recording mode and an advanced optical zoom for effective close...

Author: /time Magazine | Title: Technology: Movies Made Easy | 6/12/2005 | See Source »

...first-year TF Joseph M. Mazor says that Feldstein’s lectures drew a sharp distinction between fact and opinion. Mazor says the real problem, “if there is one,” lies in the readings...

Author: By Anton S. Troianovski, CRIMSON STAFF WRITER | Title: As Feldstein Leaves, Changes Afoot for Ec 10 | 6/9/2005 | See Source »

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