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...drinking beer that comes from - gasp! - California. The point of eating locally is to become more familiar with our food. It's nice to hear a farmer say that my rib-eye steak came from a cow that ate local pasture grass rather than a corn-and-antibiotic slurry. Ben Kraft, Ann Arbor, Michigan...

Author: /time Magazine | Title: Inbox | 1/24/2008 | See Source »

...beer that comes from?gasp!?California. The point of eating locally is to become more familiar with our food. It's nice to hear a farmer say that my rib-eye steak came from a cow that ate local pasture grass rather than a corn-and-antibiotic slurry. Ben Kraft, ANN ARBOR, MICH...

Author: /time Magazine | Title: Inbox | 1/24/2008 | See Source »

...trading day, Jan. 21, Hong Kong's Hang Seng index plunged 8.6%, Tokyo's Nikkei 5.7% and Mumbai's Sensex 12.9%. It was a worldwide mini-meltdown, and the Federal Reserve Board wasn't about to let that go unanswered. Before the U.S. markets had even opened, Fed Chairman Ben Bernanke--not a man known for dramatic gestures--slashed a key interest rate three-quarters of a percentage point. The surprise move arrested the rout, and the markets have since rallied, but investors are left to absorb an unavoidable truth: the U.S., still the world's biggest market for exports...

Author: /time Magazine | Title: Can the World Stop The Slide? | 1/24/2008 | See Source »

...trading day, Jan. 21, Hong Kong's Hang Seng index plunged 8.6%, Tokyo's Nikkei 5.7% and Mumbai's Sensex 12.9%. It was a worldwide mini-meltdown, and the Federal Reserve Board wasn't about to let that go unanswered. Before the U.S. markets had even opened, Fed Chairman Ben Bernanke - not a man known for dramatic gestures - slashed a key interest rate three-quarters of a percentage point. The surprise move arrested the rout, and the markets have since rallied, but investors are left to absorb an unavoidable truth: the U.S., still the world's biggest market for exports...

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

...former chairman of the U.S. Federal Reserve Board famously described his job as "taking the punch bowl away just when the party is getting good." Current Fed chief Ben Bernanke wishes that description still applied. With stock markets reeling worldwide and recession looming in the U.S., the world's largest economy, Bernanke's Fed is frantically ladling out punch in the form of interest-rate cuts - even though almost everyone already has a brutal hangover...

Author: /time Magazine | Title: Decoupling Debunked | 1/23/2008 | See Source »

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