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...slump as low interest rates made it less attractive to hold dollar-denominated securities, and the threat of rising inflation as a weak dollar made imports more expensive. And a global recession (generally defined as growth of less than 2.5%; since the Depression, global growth hasn't actually gone backward) would be just plain bad news, depriving companies of the markets at home and abroad...

Author: /time Magazine | Title: Can the World Stop the Slide? | 1/23/2008 | See Source »

...government's tacit approval of the CNAC-China Eastern alliance marks a potentially significant policy shift by the Civil Aviation Administration of China (CAAC), the country's aviation regulator. Just as Beijing has opened up its backward banking sector to overseas investment in order to tap the expertise of foreign financiers, in recent years the CAAC has been allowing foreign airlines to take small stakes in domestic carriers, hoping that outside partners could improve airline management. Air China, for example, has a cross-shareholding agreement with Hong Kong-based Cathay Pacific, and in 2005 American financier George Soros invested...

Author: /time Magazine | Title: Cleared for Takeoff | 1/23/2008 | See Source »

...takes for New York City to turn back into a forest. And the other part is all the toxins, poisons, carbon dioxides - how long would it take for all that to get reabsorbed, and for nature to really heal itself? - which is really the meat of this book: a backward way of looking at what we do by looking at what nature would do if we weren't here doing it anymore...

Author: /time Magazine | Title: A World Without Humans | 1/17/2008 | See Source »

...between the contras and the Sandinistas disrupted, among other things, plans to number the streets. And so giving directions here is still, as former New York Times Managua bureau chief Stephen Kinzer described it, a "Socratic" technique, based on first determining what the direction asker knows, then working backward from there...

Author: /time Magazine | Title: Postcard: Managua | 1/17/2008 | See Source »

...accusations of alligator tears and charges that the future leader of the free world shouldn’t be so emotional. To them, Monsieur (Madame?) le President must be straight-laced and straight-faced. Anything else would be a sign of weakness. Yet again, these wannabe pundits have it backward. If anything, what this political race needs is more emotion. With the airbrushed, carefully coiffed Edwards on one side and the spectacularly bland Obama on the other, it was a breath of fresh air to see the Iron Lady—or anybody, for that matter—do something...

Author: By Jessica A. Sequeira | Title: Cry, The Beloved Country | 1/11/2008 | See Source »

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