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Instead, stimulus is quickly becoming the order of the day. Taiwan recently unveiled a $5.6 billion spending package for its sagging economy that included subsidized mortgages and new infrastructure projects. Japan's Cabinet on Sept. 29 proposed a $17 billion supplementary budget to help ease the burden of high energy...

Author: /time Magazine | Title: Asia's Good Times at Risk | 10/2/2008 | See Source »

Unsurprisingly, the news of so many failures has prompted some Harvard professors to begin hoping that undergraduates, who have been flocking to finance for as long as anyone can remember (that is, for four years), will take a broader view of their career choices. Indeed, the angst that accompanies ?...

Author: By Paras D. Bhayani, CRIMSON STAFF WRITER | Title: Wall Street Meltdown | 10/1/2008 | See Source »

The policing of fashion has long been the province of sharp-clawed style mavens, but local politicians in a Florida town decided to give the job to law enforcement. City authorities in Riviera Beach, Fla., passed an ordinance earlier this year declaring it "unlawful for any person to appear in...

Author: /time Magazine | Title: A Saggy-Pants Furor in Riviera Beach | 10/1/2008 | See Source »

After the establishment of the state of Israel and the ensuing Arab-Israeli War of 1948-9, the Golan Heights once again became the site of tumultuous border clashes. Syria took advantage of the area's mountainous terrain and high vantage points to shell the Israeli border below while Israel...

Author: /time Magazine | Title: The Golan Heights | 9/30/2008 | See Source »

Israel finally seized control of the Golan Heights as well as Egypt's Sinai Peninsula and the Palestinian territories of the West Bank and Gaza during the Six-Day War of 1967. Approximately 100,000 of the Heights' mainly Druze inhabitants fled or were forced out as Israel rushed to...

Author: /time Magazine | Title: The Golan Heights | 9/30/2008 | See Source »

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