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...half-decade before the financial crisis was a go-go time for the global economy. Consumption reached unprecedented heights; so did oil prices and shipping rates. And that frantic buying and selling was a boon for manufacturing. As U.S. consumers flexed their credit cards for flat-panel TVs and video games, factories sprouted around the world to make all the stuff that was crammed into consumers' SUVs. But amid the recession, spending has shrunk dramatically, as debt-laden U.S. consumers are learning to save - and those factories have a lot less to do. During the downturn, the rates at which...

Author: /time Magazine | Title: A Threat to Global Recovery: Too Many Factories | 10/6/2009 | See Source »

...letters extruding from crenellated surfaces, is one way his print works are unique. The use of repetition is also striking. Suwage is already well known for political commentary. With printing, his barbs have even greater sting. "The message becomes much stronger than on a single canvas work," says Tan Boon Hui, director of the Singapore Art Museum, "because there is more layering and there are more permutations...

Author: /time Magazine | Title: Prints Charming | 10/5/2009 | See Source »

...turns intimate and dispassionately historical. With its chronological account of Clinton's then contemporaneous comments on the Middle East peace process, his Republican opponents and just about everything else under the sun (except for Whitewater and, for the most part, the Monica Lewinsky scandal), this book will be a boon to historians. The casual reader, however, might delight more in Branch's glimpses of an unguarded President: cold-stricken and hunched over a kitchen table in boxer shorts, or discussing Bosnian air strikes while simultaneously filling in one of his ever present crossword puzzles...

Author: /time Magazine | Title: The Skimmer | 10/5/2009 | See Source »

Many analysts believe that the Merrill deal, while risking the solvency of Bank of America, will end up being a boon for the bank. Merrill still has a strong investment-banking franchise, and even in the depth of the financial crisis, its wealth-management business continued to be profitable. Nonetheless, Lewis won't be around to see the fruits of the deal...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

...another: net neutrality. On Monday, Federal Communications Commission Chairman Julius Genachowski proposed new regulations that would prevent Internet service providers from discriminating against web traffic based on its content. We welcome this effort to preserve the open nature of the Internet, which has made the web such a boon to entrepreneurship and free speech...

Author: By The Crimson Staff | Title: Don't Neuter the Net | 9/21/2009 | See Source »

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