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...hitting the gas again in an effort to stimulate growth. The central bank lowered its benchmark interest rate twice in the past 45 days, the first cuts since 2002. In mid-October, the State Council announced plans to increase infrastructure spending, to offer tax rebates for exporters and to boost government-controlled prices for agricultural products. Beijing is also widely expected to introduce measures to resuscitate the faltering property market, in an attempt to prevent a U.S.-style crash in home prices. The government announced on Oct. 22 that it would waive taxes on certain property deals to spur flagging...

Author: /time Magazine | Title: How Will China Weather the Financial Storm? | 10/23/2008 | See Source »

This year, almost 900 first-year students at Baylor University in Texas retook their SATs. No, this was not a grading mistake. It was because Baylor wanted to boost its ranking in U.S. News and World Report’s list of “Best Colleges.” Baylor incentivized freshmen with $300 at the campus bookstore to retake their SATs and offered $1,000 a year in scholarship aid to those who raised their scores by at least 50 points. Though seemingly cavalier and unethical, programs like this are products of the bizarre and destruction nature...

Author: By The Crimson Staff | Title: The Blame Game | 10/23/2008 | See Source »

...mutual funds, have been made to shore up the nation's commercial paper markets. But small companies or those that are short on capital cannot access the commercial paper market, which is generally reserved for companies with good credit. What's more, while the Treasury is urging banks to boost lending in the wake of the government's $250 billion investment into these firms, industry observers are skeptical that it will actually happen. "The idea that more capital is going to influence how much banks lend is a misconception of how banking works," says John Simons of Corporate Fuel Partners...

Author: /time Magazine | Title: Crrrunch! Is Your Favorite Company About to Go Bust? | 10/22/2008 | See Source »

...homework for this column, I gave in and had a massage. I am not sure if it was the boost in neuro-transmitters or just the relief of some pretty sore muscles, but I suspect I'll be coming back for more...

Author: /time Magazine | Title: Just What the Doctor Ordered: A Massage | 10/22/2008 | See Source »

...sentence gives a big boost to the People's Alliance for Democracy, a coalition of anti-government protesters whose demonstrations helped bring down Thaksin in 2006. At the Government House on Tuesday, the official site of the PM's offices which PAD has now occupied for two months, protesters chanted, "Put Thaksin in jail," after the verdict was announced. Their ongoing fight against the former PM also helped push Thaksin ally Prime Minister Samak Sundaravej out of power in August. The PAD now claims the current democratically elected government, led by Thaksin's brother-in-law Prime Minister Somchai Wongsawat...

Author: /time Magazine | Title: Thai Court Gives Thaksin Two Years | 10/21/2008 | See Source »

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