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...billion in liabilities, more than twice the country's GDP. The next step will be to ensure credit gets to Ireland's good-quality businesses over the next year or two, says Davy's White. On Grafton Street, Weir & Sons is among the luckier ones. It owns its black-and-gold-fronted store, so at least it doesn't have to worry about rent. And its prime location makes the shop popular with tourists. McDowell, for all his worries, remains bullish about Ireland's long-term prospects. "We're a very small, very young country," he says. "It doesn...

Author: /time Magazine | Title: Ireland's Economy: Celtic Crunch Time | 11/12/2008 | See Source »

...great-grandfather was the first African-American to graduate from MIT. Her grandfather was the first African American to head the Chicago Housing Authority and her father, Dr. James Bowman, a specialist in hematology and pathology, became the first black resident at Chicago's St. Luke's Hospital...

Author: /time Magazine | Title: Valerie Jarrett | 11/11/2008 | See Source »

...Left corporate law after the birth of her only child, Laura, to take a job in 1987 in the office of Chicago's first black mayor, Harold Washington. Unlike many of her colleagues, she chose to stay on when Richard Daley took over after Washington's sudden death...

Author: /time Magazine | Title: Valerie Jarrett | 11/11/2008 | See Source »

...were viewed by the Iranians as Americans, not black Americans, so I had no awareness of race until we returned to the United States." - Recalling her first encounters with racism in the U.S. (Chicago Tribune, July...

Author: /time Magazine | Title: Valerie Jarrett | 11/11/2008 | See Source »

...Berlusconi's apparent attempt at humor sparked charges of racism from political opponents, though most inside and outside Italy simply shook (or buried) their heads at the terrible timing - both historic and comedic - of such a remark in the wake of Obama's election as the first black U.S. President. As he's done before when accused of stepping out of line on the world stage, the 72-year-old billionaire lashed out at anyone who criticized him or called for an apology as "imbeciles," insisting his comment was meant to be "cute...

Author: /time Magazine | Title: Why Berlusconi Loves a Good Gaffe | 11/11/2008 | See Source »

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