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TIME: How is Ikea faring amid the current economic turmoil? DAHLVIG: This is a really good time for us. The way we've set up our business, we're planning for a climate like this all the time. We have a very conservative policy when it comes to borrowing money. We basically only use our retained earnings and don't borrow very much. We also have a very conservative policy when it comes to how we place our cash and our liquidity. We don't place anything in equities, so we haven't lost a dime...

Author: /time Magazine | Title: Ikea CEO Anders Dahlvig on Surviving a Bad Economy | 11/18/2008 | See Source »

Trying to stop amid the stream of commuters at Tokyo's Shibuya station - through which 2.3 million people pass every day - can be a risk. Even stepping out of the flow to grab a paper at one of the station's many convenience stores can be a struggle. But as of Monday, there's a new reason for Tokyoites to take a detour from their well-worn paths: revered Japanese artist Taro Okamoto's Asu no Shinwa ("Myth of Tomorrow") now has a permanent home near the Keio Inokashira line in the Shibuya station...

Author: /time Magazine | Title: A Lost Masterpiece, Now Found in Tokyo's Metro | 11/18/2008 | See Source »

...trying to find my way back.' MARK FOLEY, former Congressman, who resigned in September 2006 amid reports that he had sent sexual messages to male teens working as Capitol Hill pages...

Author: /time Magazine | Title: Verbatim | 11/13/2008 | See Source »

...after a school collapsed in Port-au-Prince on Nov. 12, less than a week after the devastating collapse of a different school building in nearby Pétionville, which killed more than 90 people. Haitian President René Préval has blamed poor construction methods and materials for the disasters, amid concerns that similar buildings may also be at risk...

Author: /time Magazine | Title: The World | 11/13/2008 | See Source »

...difficult to make public poetry out of wires and fiberglass insulation. "We will send a man to the moon" is a far more romantic proposition than "We will have a gadget in your basement that will help you use electricity more efficiently." But if there is creativity lurking amid the destruction of the economic crisis, it exists at the intersection of national security, economic stimulus and climate change - the gust of innovation and economic growth that will come from breaking our dependence on fossil fuels. Along with finding the right people to staff his Administration, Barack Obama's most important...

Author: /time Magazine | Title: What a New Energy Economy Might Look Like | 11/13/2008 | See Source »

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