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...real trouble came in the U.K. and Germany where, unlike Spain, the governments sold their UMTS licenses in auctions. The wireless operators bid prices for bits of the sky up to, well, the sky. Last year the U.K. and Germany won $32 billion and $45 billion respectively, sums that amount to almost $550 per capita. In total, European governments are likely to rake in $108 billion from the sale of UMTS licenses, according to Durlacher research. In hindsight, the telecom operators overpaid, since these days some UMTS airspace is tough to give away. Last month, Belgium found only three bidders...

Author: /time Magazine | Title: It Ain't Heavy... It's My Debt | 4/16/2001 | See Source »

...opinion piece in support of a monument for Americans who fought on the side of the Republicans in the Spanish Civil War (Opinion, “The Last Battle,” March 22). What the article failed to mention is that the electoral system in Spain was terribly corrupt when the Republicans came to power and that the assassination of a Republican leader is what caused the war to begin. Moreover, the article neglected to mention an important fact about the war, that the Republican government was brutally anti-clerical. Republican forces murdered more than 10,000 priests...

Author: NO WRITER ATTRIBUTED | Title: Letters | 4/9/2001 | See Source »

Bauchner and Critchlow are part of a fast growing group of Americans who are buying and renting everything from castles to cottages in France, Italy, Spain and other European countries--and often for less than the price of a cramped apartment in Manhattan. "In the past five years," says Emile Garcin, owner of a French real estate agency that caters to foreigners, "the number of Americans buying chateaus has doubled." One big reason is the strong dollar, which has gained 40% against the franc since 1995 and 20% against the euro since that currency was launched two years...

Author: /time Magazine | Title: The Global Life: Cheap Chateaus! | 4/9/2001 | See Source »

...IPCC was particularly keen on wind power. In the U.S., wind turbines have generally been limited to the environmental fringes. In Europe, however, they mean business. The E.U. produces 70% of the world's wind-generated energy, with Germany, Spain and Denmark leading the way. Worldwide, wind turbines account for about 15 gigawatts of energy, which is the equivalent of 15 coal-fired power plants. The Netherlands will soon be getting into the game in a big way, building one of the world's largest wind farms five miles offshore, a remote location that can take advantage of brisk...

Author: /time Magazine | Title: Global Warming: A Climate Of Despair | 4/9/2001 | See Source »

...least. Over the past year the full force of the Russian state has been concentrated on Media-Most, the owner of NTV, the one independent TV station with a near-nationwide reach. It has been raided dozens of times, founder Vladimir Gusinsky is in Spain fighting extradition and other executives have fled the country. Judges have consistently ruled against NTV ? or quickly changed their minds if they ruled in favor of the company. Last week should have seen the coup de grace for NTV. As legislators assembled for the President's annual message to the two houses of parliament, Gazprom...

Author: /time Magazine | Title: Will Ted Turner Rush in Where Putin Treads Clumsily? | 4/9/2001 | See Source »

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