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...biggest single-day drop since Sept. 17, 2001 - the first trading session after the terrorist attacks of 9/11. The drop in New York, in turn, fueled fear in markets across Asia the following day, and suddenly investors were seized by visions of a rerun of 1997's "Asian contagion," when a financial crisis in Thailand triggered stock crashes from Jakarta to Moscow to New York. On Feb. 28, as this new outbreak of investor gloom spread, India's main stock index tumbled 4%, Singapore's dropped 3.7%, Japan's fell 2.9%, South Korea's lost 2.6%, and Hong Kong...

Author: /time Magazine | Title: Behind China's Stock Meltdown | 2/28/2007 | See Source »

...Some Asian markets dipped in reaction to the Thai scare, but they quickly rebounded. What has changed? Among other factors, Asian governments today have far more balanced accounts, higher foreign-exchange reserves and less debt, while the region's corporations are now better financed. "There was no worry of contagion," says Sukhbir Khanijoh, senior securities analyst for Kasikorn Securities in Bangkok. "In 1997, the whole region was suffering from problematic economic fundamentals. This time, the crisis was only in Thailand. It was a crisis we created ourselves and that we had to solve ourselves...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

...discipline is used to inform ideas from another. Snow's work on administering ether as an anesthetic convinced him cholera was ingested, not inhaled. As a physician he understood how disease spread through a body. As a resident of Soho, he had the local knowledge to realize that the contagion radiated from a single source. "When you look at cholera at any one of those levels, it's hard to see how it works," says Johnson. "But here was somebody thinking at the level of microbes, the human body and the city simultaneously, and making connections between them...

Author: /time Magazine | Title: Ignorance is a Killer | 12/10/2006 | See Source »

...center of his tale is John Snow, the doctor who overcame the medical establishment's entrenched belief that cholera lurked in the city's "miasma," its bad air, and proved the true cause by painstakingly charting the contagion against London's water supply. The resulting map provided a founding case study for epidemiology. But as readers of previous books by Johnson might expect - among them Mind Wide Open and last year's defense of popular culture, Everything Bad Is Good For You - the author has also chosen his subject for the light it can shine into other corners...

Author: /time Magazine | Title: Ignorance is a Killer | 12/10/2006 | See Source »

PURE features the work of over 70 artists, including medical professionals, technologists, and musicians. The exhibit ties together four themes—medicine, art, technology, and commerce—with the contrasting ideas of purity and contagion...

Author: By Victoria B. Kabak, CONTRIBUTING WRITER | Title: Art Exhibit Transforms Storefront | 11/6/2006 | See Source »

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