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...other words, Asia remains an export machine. Developing Asia's export share rose from 36% of pan-regional GDP during the financial crisis of 1997-98 to a record 47% in 2007. And recent research by the International Monetary Fund shows that Asian exports continue to be underpinned by demand from consumers in the industrial world - especially from the U.S. Despite a surge of trade within Asia, the bulk of these intraregional flows have been concentrated in parts and components that go into finished goods eventually consumed by developed economies...
...rate hit 9.4% in May - and choosing to tap credit lines less. Commerce Department figures from earlier this week show that people are now saving 5.7% of their disposable income, the highest rate in 14 years. In an April survey of senior bank-loan officers, the Fed found that demand for loans from households was down in almost every category. (Watch TIME's video of Peter Schiff trash-talking the markets...
Netbooks may be puny, but they're getting bigger and more feature-packed - and they're more popular than ever. Last year, global netbook sales exceeded those of the iPhone; despite the recession, demand remains strong. Brian Chen, PC analyst for market research firm Display Search, predicts second quarter sales will exceed 9 million units, a 50% increase over the first quarter. (Global computer sales fell 7% in the first quarter compared with the same period in 2008.) "We've already increased our forecast [for netbook sales] to 30 million this year and they'll probably count...
...Campbell Kan, Acer's VP of Mobile Computing, says the device, which debuted in April, is selling particularly well in Europe, where telecommunications companies are selling the Aspire One for one euro to customers who sign two-year contracts for 3G service. "We can't deliver enough to meet demand," Kan says. (See 3 netbooks worth owning...
...giving an educated but honest appraisal of actual patients' well being. The only salvation from this might be, strangely, the recession. Traditional medicine, without the consumer marketing or institutional pandering to federal agencies, is cheaper. And if the downturn turns down low enough, we'll need to turn down demand. And stop hawking medicine...