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...either side of the Atlantic. It's been a high-flying journey for Airbus, a company founded in 1970 as a government-backed consortium to forge a European answer to America's hegemony in civil aviation. Although the firm struggled during its first decade, funding from France, Germany, Spain and Britain helped keep it afloat - and still provides assistance today, though the company is flourishing. Airbus, which is owned by the Franco-German-based conglomerate European Aeronautic Defense & Space Co. and British-based BAE Systems, just finished an impressive second straight year of selling more planes than Boeing. The A380...

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

...Jokin Ceberio, the torture began in September 2003. He was 13 at the time, one of the new kids at Talaia High School in Hondarribia, a town in the Basque region of northern Spain. A gastrointestinal infection led to an embarassing bout of diarrhea in class, and several students began taunting and harassing him for sport. Then, last August, Ceberio and three friends were caught smoking hashish at a summer camp. When Ceberio's mother and father alerted the parents of the other children involved, the teenager's friends labeled him a snitch and allegedly began roughing...

Author: /time Magazine | Title: Beating The Bullies | 1/16/2005 | See Source »

...regime. In December, the E.U. advised dropping that policy after a number of jailed dissidents were released. Slow Justice CHILE The Supreme Court upheld an indictment on charges of kidnap and murder against former dictator Augusto Pinochet, relating to his 1973-1990 period in office. MEANWHILE IN SPAIN... E.U.-1, Skeptics-0 The government kicked off a campaign to publicize the proposed European constitution ahead of a national referendum in February - by giving a copy of the text to every fan attending the weekend's local football derby between archrivals Real Madrid and Atlético Madrid. Celebrities will also...

Author: /time Magazine | Title: Worldwatch | 1/9/2005 | See Source »

...Libya's fans insist the possibilities are real. In the Corinthia - Libya's only luxury hotel, boasting $300-a-night rooms - Western executives crowd the lobby. American executives will need to catch up with European oil businesses, which remained in Libya through decades of U.S. sanctions. Italy's Eni, Spain's Repsol-YPF and France's Total have run Libyan subsidiaries with no American competition. Virtually all of Libya's oil - about 1.5 million barrels a day - is exported to Europe, and since October, millions of cubic meters of gas have flowed directly from Libya to Sicily through...

Author: /time Magazine | Title: Libya's New Face | 1/2/2005 | See Source »

...club was used as a creche - anxious parents searching for their children crowded the city's hospitals and morgues. The fire was South America's worst since a blaze in a Paraguayan shopping mall in August killed more than 400 - a tragedy also blamed on blocked exits. Immigrant Amnesty SPAIN The government approved new regulations on immigration, giving amnesty to any of the country's estimated 800,000 illegal immigrants who can prove at least six months' employment and evidence of residence in Spain for at least six months. The move is expected to increase social security payments and generate...

Author: /time Magazine | Title: Worldwatch | 1/2/2005 | See Source »

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