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...that we will flatten out in the big developed economies - not have a double dip as the economic bears would argue, but just flatten out. The thing that is different this time is that the developing countries are coming out of this thing very strongly and their own domestic demand is going to sustain them. So they are going to be an important driving force for the global economy. It's worth noting that developing economies are now 35% of the global economy. They are going to be a new factor...

Author: /time Magazine | Title: Why an Investment Guru Is Bullish on Recovery | 8/13/2009 | See Source »

...reverse their fortunes in a down economy. However, consumers shouldn't be as giddy as they were, say, six months ago, when stores were running 70% clearance sales to shed their excess holiday inventory. Stores have wised up a bit and cut inventory levels to match the slack in demand. So while retailers may offer lean discounts, we're beyond the slash-and-burn era. "Consumers are going to see moderately priced value offerings," says George Whalin, president of Retail Management Consultants. "The really, really deep mark-downs aren't going to happen this year...

Author: /time Magazine | Title: Back-to-School Shopping Gets Lean And Mean | 8/12/2009 | See Source »

Since its launch, the truck has been in high demand. Coolhaus has more than 4,300 followers on Twitter, where they are kept up to date on the truck's whereabouts. It has been profiled in food and design media alike and recently fielded a call from someone at Gehry's office, wondering when the truck would be making its way to that neck of L.A.'s suburban sprawl. And in a town where none other than Brad Pitt has made distinctive architecture as necessary as a personal trainer (Pitt interned at Gehry's office in 2004), the truck...

Author: /time Magazine | Title: A Cool Way to Make Architecture Pay: Ice Cream! | 8/12/2009 | See Source »

Having successfully dodged demands by party delegates to account for the millions in missing aid money and donations that have flowed through Fatah's Central Committee over the past 20 years, many of Arafat's defeated cronies clambered into their limousines and sped across the Jordan Valley to their plush villas in Amman. Many of Fatah's leadership live in exile and cling to the demand that all Palestinians turned into refugees by the creation of Israel in 1948 be allowed to return to their confiscated land and homes. Successive Israeli governments have refused to recognize a right of return...

Author: /time Magazine | Title: Fatah Conference Boosts Abbas, but Peace May Remain Elusive | 8/12/2009 | See Source »

...Mounting demand for congressional travel may help explain why the House initially ordered the Pentagon to buy two more $65 million G-5s - Gulfstream V jets, known in the Air Force as C-37s - as part of the $636 billion defense budget, along with an additional pair of $70 million C-40s, the military version of the Boeing 737. "We've always frowned upon earmarks and additives that are above and beyond what we ask for," Pentagon spokesman Geoff Morrell stated when asked about the additional planes last week...

Author: /time Magazine | Title: Congress's Bid for More Plush Planes Hits Turbulence | 8/11/2009 | See Source »

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