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...countries had officially reported 8,829 cases, including 74 deaths - nervous customers have been snapping up face masks in the U.S. Prestige Ameritech's sales have doubled in recent weeks, forcing the company to maintain a seven-days-a-week production schedule to keep up with demand. Even though Prestige Ameritech is a wholesaler that sells its products to retailers, such as 3M, there have been so many people trying to buy masks directly from the Prestige factory in suburban Fort Worth that the company has had to lock all its doors. Whether or not face masks will protect people...

Author: /time Magazine | Title: A New Pandemic Fear: A Shortage of Surgical Masks | 5/19/2009 | See Source »

...there is every reason to believe that emerging markets such as China and India will continue to be ever more voracious consumers of iron ore, oil and food as their economies get bigger and their citizens richer. Palm-oil prices, for example, have been rising of late partly because demand from India, with its population of 1 billion, is holding up. In March, China imported a record amount of iron ore and coal, while imports of crude oil hit a 12-month high. The binge is being fueled in part by optimism that Beijing's $586 billion stimulus program will...

Author: /time Magazine | Title: Commodities Conundrum | 5/18/2009 | See Source »

...course, different types of commodities will react differently as the global economy improves, based on their own specific supply-and-demand conditions. This makes timing a turnaround complicated. Rogers says he expects commodities prices to be among the first to rise, out of all asset classes, when economic growth begins to return. Other experts argue against a rapid rebound, because inventories are high for commodities such as oil, and because demand for natural resources has been so thoroughly squelched in some industries that it may not fully recover any time soon. Francisco Blanch, head of commodities research for Merrill Lynch...

Author: /time Magazine | Title: Commodities Conundrum | 5/18/2009 | See Source »

Then an unlikely figure entered the fray: Angela Merkel. German Chancellors don't usually weigh in on church matters, she said. But when the Vatican gave "the impression that it could be possible to deny that the Holocaust happened," she felt compelled to demand that the Pope repudiate the idea, lest it affect relations with "the Jewish people as a whole." In essence, Merkel (a Protestant) was tutoring the German Pope on his responsibilities to the Jews...

Author: /time Magazine | Title: Pope Benedict on the Question of Judaism | 5/18/2009 | See Source »

...most obviously, has the political context. Abortion has forever been blown by electoral trade winds; when the right was in charge, people feared the return of coat hangers in back alleys. Now that the left leads, they fear abortion on demand. The very meaning of the labels adjusts; calling yourself pro-choice at a time when a liberal Democratic President and allies in Congress are lifting abortion restraints may imply no qualms at all, and that's not where most people...

Author: /time Magazine | Title: Understanding America's Shift on Abortion | 5/18/2009 | See Source »

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