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...Kenyans hope Obama's rise in the U.S. will help their own country, but he and his minders have been careful to try and dampen expectations of what Obama can do for this poor East African nation, and the Senator often remarks in speeches that his constituents are in Illinois and that his first loyalty is to them. The Nation newspaper editorialized that such worries were overblown and "should not be used as the basis to block the Senator from mixing freely with all the people who merely want to share in his homecoming...

Author: /time Magazine | Title: What Barack Obama Can Do For Africa — and Vice Versa | 8/28/2006 | See Source »

...such countries as Taiwan, South Africa, Turkey and Poland, is up 89% over the past two years. That trounces the S&P 500's 18% gain. A dip in stocks worldwide this spring shook emerging markets the hardest--India dropped 29%, Egypt 37%--but even that falloff didn't dampen the enthusiasm more than temporarily. According to AMG Data Services, money moved into emerging-market mutual funds and ETFs at the rate of $3 billion to $5 billion a month in the quarter leading up to the correction. Those funds lost money in the May and June swoon...

Author: /time Magazine | Title: global investing: The Allure of Over There | 8/20/2006 | See Source »

Whether the eight-year boom was really a bubble remains a matter of debate among economists. No less a sage than Alan Greenspan started warning of "froth" in the market in May 2005--and the Fed has raised interest rates 17 times, at least partly to dampen speculative housing activity. Yet the party outlasted several years' worth of doomsday predictions. And for every bubble guy, there's one who thinks prices overall are about right, given mortgage rates that are still low by historic standards and other measures of affordability. "My view is that the run-up of home prices...

Author: /time Magazine | Title: The Boom Is—Is Not!—Over: The Great Real Estate Debate | 8/6/2006 | See Source »

...Koizumi and his cabinet have voiced strong opposition to a rate hike, claiming that deflation has not been conclusively vanquished and that higher rates could dampen growth. Bitter memories remain of 2000, when the BOJ prematurely raised rates from 0% to 0.25%, plunging Japan back into recession; six months later, the BOJ was forced to drop rates back to zero. Still, Jesper Koll, chief Japan economist at Merrill Lynch, says fears of a replay of 2000 are misguided: "The Japanese economy is fundamentally different today, fundamentally stronger...

Author: /time Magazine | Title: Japan Takes Flight | 7/10/2006 | See Source »

...since he took office in 1999. Descending Air Force One, the President playfully straightened Jeb's necktie on the Tampa tarmac - and then spent much of the day fielding questions about whether he was grooming his younger brother to succeed him in 2008. Rather than dampen speculation, he only stoked it it by declaring that Jeb would make "a great President...

Author: /time Magazine | Title: First Brother: Is There a Second Act for Jeb Bush? | 6/15/2006 | See Source »

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