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...individuals from less stable countries like Iran and Pakistan. What's more, Dubai's property sector is dominated by a handful of companies--collectively dubbed Dubai Inc.--that are directly or indirectly owned and controlled by the government. Some argue that Dubai's authorities could thus avert a bubble burst by keeping finished projects off-line until conditions improve. Also, in the event of a systemic threat, Dubai can probably rely on superrich Abu Dhabi for a bailout...

Author: /time Magazine | Title: Doubting Dubai | 11/5/2008 | See Source »

...predicted a Democratic victory, basing his opinion on the current polls. Some professors, optimistic about Obama’s chance of victory, said young voters will have a significant impact on the outcome of today’s election. “This victory is also telling for the burst of participation and enthusiasm we are seeing from voters, especially young people,” said government and sociology professor Theda R. Skocpol. Former Iowa Governor and current IOP Fellow Thomas J. Vilsack, who said he was less certain about the election results, also highlighted the importance of the youth...

Author: By Niha S Jain, CONTRIBUTING WRITER | Title: Pundits Predict Obama Victory | 11/4/2008 | See Source »

...Last year after finishing a near-flawless season with an overall 32-2-0 record, and going undefeated at home, Harvard let it all go at crunch-time: the national semifinals. It’s refreshing to see such a young player stepping up early. Buesser’s burst of talent and game-winning tactics in the opening game recall the talent of the likes of tri-captains Jenny Brine and Sarah Vaillancourt. “I think we are definitely similar players in our grinding mentality, always giving 100 percent,” Brine said...

Author: By Alexandra E. Zimbler, CONTRIBUTING WRITER | Title: Buesser Shows Offensive Prowess On The Ice | 11/3/2008 | See Source »

...bottom line: Securities analysts now expect the fourth quarter and 2009 to be much tougher on corporate America than they did just a month ago. Part of this new burst of cynicism is coming from the brutally candid earnings that guidance companies have been providing lately. "What management is saying on these [conference] calls is basically 'Life sucks,'" says Van Dijk. (He titled his investment report for the close of October "Halloween Comes Early: The Drop in Earnings Expectations Is Scarier Than Any Witch or Werewolf That Shows Up at Your Door...

Author: /time Magazine | Title: A Dismal Earnings Outlook on Wall Street | 10/31/2008 | See Source »

...subprime loan debacle, I am amazed that nobody seems to have asked the simple question: What will happen if a large number of these loans default? [Oct. 20] Or was it only greed that made everybody turn a blind eye to the possibility that the bubble could ever burst. Did no one consider that if the subprime-mortgage market crashed, thousands of families could have their lives turned upside down virtually overnight? Frederik Steenbuch, Oslo...

Author: /time Magazine | Title: Inbox | 10/30/2008 | See Source »

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