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...fair to ask whether America's lawmakers could do it again. The bursting of the debt-fueled property bubble and the crippling losses suffered by banks, together with the political dithering of recent days, have set in motion a chain reaction that, in the worst-case scenario, could lead to something like a 21st century version of the Depression - even if a bailout package does eventually get approved...

Author: /time Magazine | Title: The End of Prosperity? | 10/2/2008 | See Source »

...forcing tens of thousands of small factories to close in the country's industrial zones. The woes of exporters are felt throughout the region, which is tightly linked by trade in manufacturing parts and machinery. Slower sales to the U.S. mean reduced orders up and down the supply chain. "There are people who say you can still export to the emerging economies, especially in Asia," says Jun Saito, director general at the economic research bureau for Japan's Cabinet. "But you can't rely on exports to Asia for very long." This distress was reflected in Japan's most recent...

Author: /time Magazine | Title: Asia's Good Times at Risk | 10/2/2008 | See Source »

Mayersohn said he believes that the book store fulfills a particular need in the community that a larger chain store could not. The Harvard Book Store holds community events with prominent authors that regularly attract over 300 people...

Author: By Emily J. Hogan, CONTRIBUTING WRITER | Title: Alum To Manage Harvard Book Store | 10/2/2008 | See Source »

Abandoned ships wreak havoc on the marine ecosystem long after they've sunk. Decaying wreckages leach toxic chemicals like petroleum products and PCBs that remain in the water harming or destroying sea life and potentially enter the food chain, eventually getting ingested by humans. Sometimes dead watercraft foster the growth of new sea life that threatens the pre-existing local ecosystem. On Palmyra Atoll, 1,000 miles south of Hawaii, a population explosion of corallimorph, an aggressive creature similar to anemones and coral, killed almost all the coral growing around a long-line fishing vessel that sank in 1991, according...

Author: /time Magazine | Title: America's Underwater Junkyard | 9/30/2008 | See Source »

...dairies Mengniu, Yili and Bright as a way to tap into the growing purchasing power of Chinese consumers and the country's rising dairy exports, which totaled $232 million last year. In rural China, poor farmers scrimped to buy cattle to boost their incomes, becoming part of the food chain serving the Chinese middle class's new taste for milk, butter and cheese...

Author: /time Magazine | Title: China's Tainted-Milk Scandal Spreads | 9/26/2008 | See Source »

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