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...lots of Cleveland, people at the ground floor of the economy are getting nervous too. In an average month, 260 customers walk through the doors of Boyland Acura in Cleveland. That total dropped to 80 in August, says general sales manager Clayton Hrabik. The few remaining shoppers find that it's getting harder to secure a loan. "Once we get down to the meat and potatoes of their credit worthiness," Hrabik says, "they just can't afford...

Author: /time Magazine | Title: Cleveland's Crisis: Cars Aren't Moving | 10/8/2008 | See Source »

...Lejiang says it's already happening. He's chairman of Baosteel, one of China's giant steelmakers, and since August, he has had to cut prices twice as demand suddenly cooled off in what had been a booming industry. The era of rapid growth for Chinese steel "will soon be remembered as history," he says. The Chinese stock market has also been hit hard - it's down about 60% this year - but the nation's banking system has for the moment largely been sheltered from the international storm because it's only partly open to the global capital flows that...

Author: /time Magazine | Title: Behind the Global Markets' Meltdown | 10/8/2008 | See Source »

...formalities of this ancient rite no doubt seem strange to the Harvard of today. But its plaintive sentiment echoes with only too much resonance in the heart of the conservative on campus. How beautiful is this house of learning—the idyllic ivied quads, the scholarly seriousness, the august history of a three-century-old institution. But it has since been despoiled. Traditions usurped, curricula disemboweled, and the noble goal of all intellectual endeavors—the pursuit of truth—unceremoniously renounced. The Ark has been carried away and reposed in Babylon...

Author: By Christopher B. Lacaria, CRIMSON STAFF WRITER | Title: The Elephant in the Room | 10/8/2008 | See Source »

...surge in voter registration in Florida also suggests younger people are becoming more politically involved. Through August, Florida had 10.6 million registered voters. That includes almost 450,000 who were added to the state's rolls this year - and among those, 252,000 registered as Democrats, while fewer than 100,000 are Republicans. No age breakdown is available, but election experts agree a majority of those new voters are under age 30. Zach Moller, a senior economics major and president of the University of Florida Democrats, says 2,500 UF students registered on campus on the first day of classes...

Author: /time Magazine | Title: Young Voters Could Be the Deciding Factor in Florida | 10/8/2008 | See Source »

...primary season that preceded it. Former businessman Chris Lee ran unopposed for the Republican nomination in the district that covers parts of seven counties across a broad swath of upstate New York between Rochester and Buffalo, giving him a substantial financial advantage. As of the last official reporting on August 20, he had about $750,000 on hand, including $470,000 from his own pocket. Meanwhile, his Democratic opponent, environmental lawyer Alice Kryzan, had to compete in a bruising primary contest and reported having just $95,000 on hand...

Author: /time Magazine | Title: Races to Watch: A GOP Seat at Risk in Upstate New York | 10/8/2008 | See Source »

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