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...That's not the only historical parallel that Democrats are pondering these days. Reid is one of the most vulnerable incumbents up for re-election, and the last time a Democratic majority leader was staring down the barrel of incredibly bad poll numbers, South Dakota's Tom Daschle spent much of 2004 frozen like a deer in the headlights before losing. Reid, by contrast, has taken the lead on everything from health care to the jobs bill, but the scattershot processes he has overseen have only hurt his standing in his home state...

Author: /time Magazine | Title: Why Harry Reid Yanked the Jobs Bill | 2/16/2010 | See Source »

...Jetstar Pacific and Qantas owns 27%, until 2007 the airline was fully owned by the Vietnamese government. In other words, Nam, Freeman and Marsilli lost the state a lot of money after investing in fuel futures when oil prices were escalating in 2008, eventually peaking at $147 a barrel in July, before oil prices slumped to a low of just over $30 in December 2008. But Jetstar Pacific wasn't alone in its fuel-hedging bets; other regional airlines such as Cathay Pacific and Singapore airlines also reported losses from similar transactions. Airlines use fuel futures to ensure a predictable...

Author: /time Magazine | Title: Jetstar Detentions Raise Red Flags for Investors in Vietnam | 1/15/2010 | See Source »

...perched on the set of The O'Reilly Factor, luminous, eager and game, her fans saw the woman they fell in love with in the summer of 2008 - still larger than life on the small screen. Brimming with cracker-barrel charm and acerbic scorn, she ridiculed Barack Obama, championed conservative positions and solutions and attacked as clueless the media, with which she has clashed so often. Her foes, including many of the aides who worked for Senator John McCain on his 2008 presidential campaign, also saw a familiar figure - one who, in their estimation, stumbled over syntax, fumbled with...

Author: /time Magazine | Title: The Uncertain Future of Sarah Palin | 1/13/2010 | See Source »

...violators face jail terms of up to six years if convicted, and disqualification from holding public office. It is, of course, too early to predict whether the measures will be effective. But a cartoon in the Philippine Daily Inquirer this week succintly captured the public mood, depicting the barrel of a handgun as two fingers - crossed. And as security analyst Pete Troilo at risk consultancy Pacific Strategies & Assessments points out, "Innately resilient Filipinos and hardened expatriates ... recognize that despite the violence that will definitely accompany the elections, this does not portend a breakdown in law and order" at a wider...

Author: /time Magazine | Title: Philippines Gun Ban Kicks Off Amid Campaign Violence | 1/13/2010 | See Source »

...what are the sages saying now that 2010 is just around the corner? Plenty. Next year we'll see oil hit $90 a barrel (per Goldman Sachs), unemployment peak at 10.5% (Fitch Ratings), the value of the dollar with respect to the euro and yen hit bottom (Deutsche Bank), 10-year Treasuries yield more than 4% (Bank of America Merrill Lynch) and small-cap value stocks outperform all other categories (Richard Bernstein Capital Management). As for the stock market more broadly? Strategists at UBS expect gains well into the double-digits. The CEO of PIMCO sees a 10% drop...

Author: /time Magazine | Title: 2010 Financial Forecasts: A 50% Chance of Being Right | 12/21/2009 | See Source »

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