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...slowing global economy," says Merrill Lynch Asia economist T.J. Bond, who cites an obvious reason: China's manufacturing sector, which accounts for 43% of China's GDP, depends heavily upon sales to the West. Some 40% of China's exports go to the U.S. and Europe, and with potentially deep recessions setting in there, economists are slashing the country's trade projections. Bond estimates that China's export growth rate will fall to 10% in 2009 from 21% this year. For the revved-up mainland, that's a frightening plunge...

Author: /time Magazine | Title: How Will China Weather the Financial Storm? | 10/23/2008 | See Source »

...understand the appeal the former Prentiss County chancery clerk has in deep red northern Mississippi, it's less helpful to know his party affiliation than to watch him deliver a 15-minute soliloquy on the glories of fried green tomatoes over lunch in Columbus or work the crowd at the annual Good Ole Boys and Gals political barbecue in Oxford or react to the news that squirrel dumplings would be served at a cookout in Yalobusha County. "Honey child!" Childers shouted with glee. "I think it's fair to say," he told me later, "that I'm a squirrel-dumpling...

Author: /time Magazine | Title: Blue Dog Democrats on the Prowl | 10/23/2008 | See Source »

Easy money was another remedy proposed by Keynes, although he didn't think it alone was enough to end a deep slump. Bernanke's Fed is giving us that too, with short-term interest rates at 1.5% and program after new program to keep cash flowing to banks and businesses...

Author: /time Magazine | Title: The Comeback Keynes | 10/23/2008 | See Source »

...national chain of dairies. The announcement that he had raised a record-smashing $150 million in September made it clear that not only will he greatly outspend the Republicans in all battleground states, but he'll also have enough left over to make a last-minute play for some deep red states as well. Republicans finally found a message to sink their teeth into, going after Obama's remark to Joe the Plumber that he wants to "spread the wealth around" with his tax policy and Joe Biden's suggestion that a President Obama would face a foreign crisis soon...

Author: /time Magazine | Title: The Page | 10/23/2008 | See Source »

...Brown quarterback Michael Dougherty and his Killer B’s, receivers Bobby Sewall and Buddy Farnham, make a dangerous combination. Bobby and Buddy have a combined 37 receptions and each has three touchdowns. You won’t find too many Ivy League teams with a deep enough secondary to cover both effectively.Cornell has been a major disappointment, allowing 76 points in its last two games, but the Big Red’s early winning streak had fluke written all over it–Cornell outscored its first three opponents by just five total points.Prediction: Brown 21, Cornell 13DARTMOUTH...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: AROUND THE IVIES: Road to Ivy Title Must Be Righted | 10/23/2008 | See Source »

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