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...difficulty is that it's hard to distinguish a cyclical downswing that's clearing the way for good times ahead from the wheezing of a currency and a nation in decline. Pessimists look at the budget deficits being run by the Bush Administration and the easy-money policies of the Federal Reserve and see a dollar that will never recover, leaving Americans permanently poorer...

Author: /time Magazine | Title: The Strong Dollar Bench Presses the Party Line | 4/24/2008 | See Source »

...world economy has run into a brick wall. Despite countless warnings in recent years about the need to address a looming hunger crisis in poor countries and a looming energy crisis worldwide, world leaders failed to think ahead. The result is a global food crisis. Wheat, corn and rice prices have more than doubled in the past two years, and oil prices have more than tripled since the start of 2004. These food-price increases combined with soaring energy costs will slow if not stop economic growth in many parts of the world and will even undermine political stability...

Author: /time Magazine | Title: How to End the Global Food Shortage | 4/24/2008 | See Source »

...polls surveying this state's electorate puts Obama slightly ahead of Clinton, 40% to 35%. He is expected to win Indianapolis, given its significant black population, and he may do well in the city's so-called collar counties, like Hamilton. After working hard to boost voter rolls at colleges and even high schools (17-year-olds can participate in Indiana's primaries, so long as they're 18 by the general election), Obama is also expected to win the state's college towns, as well as Indiana's Northwestern corner, partly because it falls within the media market...

Author: /time Magazine | Title: Next Stop for the Dems: Indiana | 4/23/2008 | See Source »

...fact, the Obama campaign took pains to strike a positive note a day after Obama's nearly 10-point loss in Pennsylvania, which some pundits attributed to the negative tone of campaigning between the Illinois Senator and Clinton in the weeks ahead of the Keystone primary. Obama campaign manager David Plouffe vehemently disavowed a Washington Post report Wednesday that they intended to go heavily negative following the loss in Pennsylvania-dredging up old sores such as former President Bill Clinton's impeachment and the Whitewater scandal. "We are not going to talk about those issues in the campaign...

Author: /time Magazine | Title: Should Obama Play Rougher? | 4/23/2008 | See Source »

...Obama himself avoided nearly all mention of Clinton in a town hall meeting Wednesday in New Albany, Indiana, referring to her only once by name to underline to the audience the important choice that lies ahead: Indiana and North Carolina are the next states to vote on May 6. In contrast, Obama's speeches over the weekend-his closing arguments in Pennsylvania-were lengthy and sometimes harsh explanations of the differences between...

Author: /time Magazine | Title: Should Obama Play Rougher? | 4/23/2008 | See Source »

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