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...Once moribund countries such as Argentina and Russia are booming, too. Indeed, developing economies are doing much of the heavy lifting today. According to the World Bank, they collectively grew about 7% last year-more than twice as fast as high-income countries-and developing nations now account for 49% of world economic output, up from 39% in 1990. "For the first time in many decades, the global economy enjoys multiple sources of economic growth, of which the U.S. is not the most important," says Gail Fosler, chief economist at the Conference Board, a business-research outfit in New York...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

...finished products to ship to the U.S. "If you just look at the numbers, it looks like Asia's exports to China are larger than they are to the U.S.," says Rob Subbaraman, senior Asia economist for Lehman Brothers in Hong Kong. "But people aren't taking into account where the end demand is coming from." Stephen Roach, Morgan Stanley's chief economist and one of the most skeptical observers of the world economy, has long warned about the dangers of flagging U.S. demand. "The rest of the world doesn't have enough vigor in its private consumption" to offset...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

...Once that satirical spell is broken, reality rushes in. Blair may have a lot of unsavory adjectives hurled at him on a daily basis, but for better or worse, he got the nickname Teflon Tony on account of his acute antenna for self-preservation. The idea that the former Prime Minister, or his lawyers, could be so blindsided by the potential threat of international legal prosecution, is just preposterous. Well, at least...

Author: /time Magazine | Title: Tony Blair on Trial for Iraq? | 1/17/2007 | See Source »

...Productivity Index, developed by the Academic Analytics company, bases its rankings on how many articles and books the professors in a given department publish. The rankings also take into account journal citations, grants, awards, and honors given to department professors...

Author: By Alexander B. Cohn, CRIMSON STAFF WRITER | Title: Harvard Faculty Leads in Productivity | 1/17/2007 | See Source »

...English department did not make the top 10 in its category, with Princeton’s English department ranking first—a surprise to many, since Harvard’s English department ranks among the top three in rankings such as U.S. News & World Report, which takes into account peer assessments from professors from other universities...

Author: By Alexander B. Cohn, CRIMSON STAFF WRITER | Title: Harvard Faculty Leads in Productivity | 1/17/2007 | See Source »

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