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...that monetary and fiscal policies are intimately tied up with politics. For example, Chinese President Hu Jintao's centerpiece program of building a "harmonious society" by raising wages and improving state services such as health care for poorer workers plays well with the masses, but may undermine efforts to contain inflation. "As low-income earners enjoy higher incomes they tend to spend money," says Simpfendorfer, the Royal Bank of Scotland economist. "Ultimately that's an inflationary story." Political considerations can also prevent officials from taking aggressive, timely action, says Albert Keidel, a senior associate with the Carnegie Endowment for International...

Author: /time Magazine | Title: Bloated Dragon | 10/11/2007 | See Source »

...heart will break / Who’ll be the last to die for our mistake.” “Gypsy Biker,” “Livin’ in the Future,” and “Long Walk Home,” also contain allusions to politics and war but they’re much more subtle. The focus is clearly on the music rather than the message. “Long Walk Home” is the standout track, featuring everything that’s great about Springsteen and his band. The song...

Author: By Jeffrey W. Feldman, CONTRIBUTING WRITER | Title: Bruce Springsteen | 10/5/2007 | See Source »

...Lampoon member and one of the event organizers. Some attendees were wary of the Lampoon’s intentions, suspecting a prank, but chose to investigate the situation for themselves. “My theory was that the ice cream would contain animal blood,” said Molly O. Fitzpatrick ’11, noting the fake severed limbs lying among the cutouts. “But this is really cool,” she said of the event. Lampoon member Robert I. Padnick ’09 said the club’s motives for hosting...

Author: By Athena Y. Jiang, CONTRIBUTING WRITER | Title: Lampoon Fetes Vt.’s Ice Cream Royalty | 10/5/2007 | See Source »

...Vietnam plans to explore in seven offshore blocks, Malaysia this summer launched the deepwater Kikeh field, and Indonesia expects production from its vast Cepu oil field to start next year. East Timor could earn at least $10 billion from the Gap, and Burma has discovered offshore fields that could contain 2.5 trillion cubic feet (70.8 billion cubic meters...

Author: /time Magazine | Title: Sucked into a Black Hole | 10/4/2007 | See Source »

KAMPUNG Doctors work to contain Congo's Ebola outbreak...

Author: /time Magazine | Title: Dashboard: Oct. 15, 2007 | 10/4/2007 | See Source »

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