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At the core of the mounting concerns about deflation is this: the global financial system is going through a vicious process of deleveraging. Financial institutions are reducing debt and raising capital, either directly from governments or from private-sector sources. By desperately trying to rebuild their battered balance sheets and...

Author: /time Magazine | Title: The Global Economy's Big Fear Becomes Real: Deflation | 11/21/2008 | See Source »

As president, Silverman focuses on both baseball operations and the organization’s marketing and finances, with the latter occupying about two-thirds of his time. At this point in the off-season, he is planning promotions and capital investments for next year. In April, he will turn to...

Author: By William N. White, CONTRIBUTING WRITER | Title: From Sox Nation to Rays Country | 11/20/2008 | See Source »

The pharmaceutical giant Pfizer is planning to create a regenerative medicine unit specializing in stem cell research in Cambridge, according to a company press release. The unit will further Cambridge’s ongoing effort to maintain its status as a world-class hub of scientific research while stimulating the...

Author: NO WRITER ATTRIBUTED | Title: Pfizer Plans New Stem Cell Lab | 11/20/2008 | See Source »

The destination of much of Beijing's recyclable scrap is Dongxiaokou village, on the capital's northern outskirts, where 700 families work on sorting and preparing it for a second life. The yards of Dongxiaokou are filled with stacks of old radiators, piles of cardboard, old tires and inner tubes...

Author: /time Magazine | Title: In China, Hard Times at the Scrap Heap | 11/20/2008 | See Source »

The downturn has hit hard and fast. Hong Kong, like much of the rest of Asia, has been booming for several years; between 2004 and 2007, GDP growth averaged more than 7%. The economy was propelled forward by closer ties to China after Hong Kong was handed back to Beijing...

Author: /time Magazine | Title: Due to the Economy, Stress Boils Over in Hong Kong | 11/20/2008 | See Source »

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