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...government, meanwhile, is examining a temporary suspension of the tax paid by new buyers. What's really needed, though, is an interest rate cut. That's unlikely. On August 7, the Bank of England opted to hold rates at 5% because it's scared a cut will allow inflation to balloon further...

Author: /time Magazine | Title: The Credit Crisis Spreads to Europe | 8/11/2008 | See Source »

...lifestyle. It is also overwhelmingly used to the benefit of both men and women as the only way to provide income stability. For instance, sickness or drought can dramatically disrupt the work cycle of people living on less than a dollar a day, and microcredit can provide a respite, allowing people time to regain their health or weather climate fluctuations without starving. At this moment, access to credit is the most important boon of microfinance, regardless of whether the interest rate is high or low. Change is occurring. Interest rates have been falling with competition innovation in the industry...

Author: By Charles A. Lacalle | Title: Finance in the Third World | 8/8/2008 | See Source »

...Control Defusing Attacks Balance Of Power Vacation Days ACTION Using Paris Hilton, Britney Spears and Charlton Heston (as Moses) to mock Barack Obama's celebrity, fitness for the presidency and alleged Messiah complex is not the classiest or most substantive gambit in presidential-campaign history. But it sure did allow John McCain to focus the conversation on Obama's greatest vulnerabilities. When Obama remarked on the campaign trail that he doesn't look like previous Presidents, McCain's campaign manager was quick to accuse the Democrat of playing the race card from "the bottom of the deck." In the short...

Author: /time Magazine | Title: The Page | 8/7/2008 | See Source »

...Kazakhstan; deprived of writing supplies and the freedom to use them, he composed in his head, committing entire plays to memory. In Vermont, where he lived from 1976 to 1994, he kept a rigorous schedule. Bearing witness to millions of terrorized voices does not indulge writer's block, nor allow for vacations. It was a family affair. His wife Natalya, a gracious, fearless woman, made it her priority to ensure that he could work undisturbed. His sons helped too. There were letters to answer, writings to translate. Even a non-Russian-speaking guest could chip in. On a summer visit...

Author: /time Magazine | Title: Aleksandr Solzhenitsyn | 8/7/2008 | See Source »

...Having staked so much on his global initiative, Warren can't allow it to die. But the scale of his ambition does raise questions that confront the American Evangelical movement as a whole as it tries to graduate from a domestic political force into a global benefactor. In fact, it is easier to save souls than to save the world...

Author: /time Magazine | Title: The Global Ambition of Rick Warren | 8/7/2008 | See Source »

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