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That shock proved to be a wake-up call. Turkey was compelled, as a result, to accept World Bank and International Monetary Fund prescriptions, including fiscal discipline and regulatory changes, that have since paid off handsomely, triggering five years of more than 6% annual growth, single-digit inflation and rising incomes...

Author: /time Magazine | Title: Istanbul's Economic Tension | 5/1/2008 | See Source »

...they head to Indiana and North Carolina for the May 6 primaries. In Indiana, Clinton needs older and independent suburban voters to fend off Obama's college-town and urban strength. Her blue-collar-recruiting drive in North Carolina's I-85 corridor aims to cut Obama's double-digit lead...

Author: /time Magazine | Title: The Page | 4/24/2008 | See Source »

...China's GDP in 2006, compared with 43.2% in South Korea. But China may be unusually vulnerable to weaker international demand because the country has in recent years built too many new factories. With investment capital readily available and China's economy roaring ahead at double-digit growth rates, heavy industry expanded massively. The value of China's steel exports, for example, jumped tenfold from 2003 to 2007, from $5 billion to $50 billion...

Author: /time Magazine | Title: China's At-Risk Factories | 4/17/2008 | See Source »

...campaign's attempts to change his image over the past month have been largely self-defeating. Since Obama's double-digit loss in Ohio -where he lost the white male non-college-educated vote to Clinton 66% to 31% - his campaign has been trotting him through a series of extracurricular activities like bowling, shopping and grabbing beers at a bar. But rather than make him look more like a regular guy, they have looked strained - a regular guy struggling to be a politician playing the role of a regular guy for a photo...

Author: /time Magazine | Title: Obama's Regular Guy Dilemma | 4/16/2008 | See Source »

Clinton, with a comfortable double-digit lead in most polls, is running the most conventional of campaigns here - hitting her stronghold areas with a series of discussions on the economy, her strongest issue. Her audiences are filled with her core demographics: women, elderly and blue-collar workers. Her tone is serious as she ticks off depressing economic statistics, brightening only to talk about the boom of the 1990s and how she can return the economy to those good old days. "The typical working family has gotten about $500 in tax cuts from George Bush," Clinton said at the diner...

Author: /time Magazine | Title: The Blue-Collar Battle in Pennsylvania | 4/1/2008 | See Source »

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