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...Steep declines in asset values pose not only a worry for economic growth, but also social stability, as ordinary folk watch their personal wealth evaporate. In China, the property sector accounts for 10% of national employment. Analysts believe that Beijing cannot afford a major collapse in the property market and will step in to aid developers and home buyers. Beijing already lent a hand to the faltering stock market in September by waiving taxes on some stock transactions to stimulate trading and ordering state agencies to buy up shares...

Author: /time Magazine | Title: Asia's Good Times at Risk | 10/2/2008 | See Source »

...countries that practice them, catch-share programs remain controversial. In New Zealand, where they've been in place for decades, fishermen complain that the practice leads to unfair consolidation: as large companies buy and amass quotas, smaller operators can't compete with the low prices those big firms can afford to set because they're selling more. Others have raised concerns about the privatization of what has traditionally been considered a public resource. But Knapp says the biggest problem with fish quotas is figuring out how to allocate them fairly in the first place. "It's analogous to open range...

Author: /time Magazine | Title: Could Quotas Keep Fish on the Menu? | 10/1/2008 | See Source »

...lame-sauce) student life funds is (unfair / inequitable / not going to increase my self-confidence when I’m at the Ten-Man). So the money is going in part to house formals? What about the kids without tuxedoes? This policy clearly favors the (wealthy, who can readily afford tuxedos / middle-class, who save up for tuxedos / working-class, assuming they are paid-in-kind tuxedo-factory laborers). It would seem that party grants also served a limited populace, since statistics say that in 200 times only X percent of Harvard students drank alcohol. However, I believe much...

Author: By Joseph P. Shivers, CONTRIBUTING WRITER | Title: From the Desk of (Your Name Here) | 10/1/2008 | See Source »

...want their tax money to pay for this." And so he voted against the measure. "Fremont has one of the highest foreclosure rates in California, and unemployment is high. I think their feeling is, Why should you be bailing out Wall Street when we know people who can't afford junior college tuition? They see the Wall Street giants as extremely rich people very different from them." Stark evinces no panic when told the markets may tumble further. "The sky isn't falling," he says...

Author: /time Magazine | Title: Why Main Street Is Mad: Scenes from a Financial Crisis | 10/1/2008 | See Source »

...danger is that such rhetoric will be matched by action. Al-A'ghayde says that won't happen because the SOIs "are not armed militias." Still, both the U.S. military and the Iraqi government know they cannot afford to let the SOIs fall through any cracks and feel alienated from either party...

Author: /time Magazine | Title: Disbanding the Sunni Patrols: A Backlash Brewing? | 9/30/2008 | See Source »

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