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Dates: during 2000-2009
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When the global financial storm began to gather a year ago, China appeared to be a nation that was well supplied with raincoats. The economy was growing at double-digit rates, Chinese banks had little overseas exposure to the credit crisis, and the country's $1.9 trillion in hard-currency reserves stood as a vast emergency fund that could be drawn upon in the event of trouble. Just two months ago, while giant Wall Street and European banks were crumbling, China was relishing its role as host of the Olympic Games as the world paid tribute to its years...

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

...grown 30% to 35% during the past five years, reflecting the rapidly increasing demand for office, commercial and industrial space, as well as for bigger homes, now considered within the range of India's prospering working classes. But the economic juggernaut began slowing earlier this year because of double-digit inflation and a severe liquidity crunch (a fallout from the U.S. subprime crisis). Now economic activity may shrink as part of a global slowdown. The country's growth estimates of 9% at the beginning of the year have been revised to well below 7%, and the effect is directly visible...

Author: /time Magazine | Title: Mirroring the US, India's Real Estate Sector Melts Down | 10/20/2008 | See Source »

Feeney helped draw the district boundaries to his benefit during the 2002 reapportionment while he was Speaker of the Florida House. But that advantage, which in past elections translated into big, double-digit winning margins, has vaporized. The latest poll, released Sept. 18 by Democratic challenger Suzanne Kosmas, a well-financed, term-limited state legislator and businesswoman from New Smyrna Beach, showed Feeney only one percentage point ahead of Kosmas, a statistical dead heat. For the first time, Feeney lost the endorsement of his hometown newspaper, the Orlando Sentinel, which noted on October 12 that Feeney's power has waned...

Author: /time Magazine | Title: A Florida Republican Tries to Survive Abramoff | 10/15/2008 | See Source »

...which owns and operates the clock, plans to install an updated model sometime next year that can display a quadrillion dollars. In the meantime, the company has hacked the current display to provide a temporary solution - replacing the dollar sign at the front of the number with an extra digit...

Author: /time Magazine | Title: The Times Square Debt Clock | 10/14/2008 | See Source »

...most spoiled member of my family, I saw it as my prerogative—my duty even—to vocalize all displeasures and frustrations as often as possible. Take an easy coming-of-age task like swallowing a pill for example—this eluded my single-digit-self like rocket science...

Author: By Kate E. Cetrulo, CRIMSON STAFF WRITER | Title: Life’s Simple Pleasures | 10/8/2008 | See Source »

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