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...Tokyo, where the Nikkei was down 7% to its lowest level in more than five years, electronics giant Sony slashed its 2008 profit forecast by half. In South Korea, where officials said GDP growth is at a two-year low, Samsung reported a 44% earnings drop. That helped drag down the Kospi index by 9%, bringing the total loss for the week to 17%, the South Korea market's worst showing since 1997. "It seems that in the last two weeks, it has dawned on investors in Asia that no one is immune from the slowdown that is to come...

Author: /time Magazine | Title: Markets Plunge Again in Asia, Europe | 10/24/2008 | See Source »

...growth in real estate investment in the first half of the year, Wang estimates that growth dropped sharply to some 20% in July and August. The property sector accounts for about a quarter of all fixed-asset investment in China and about 10% of national employment. A slump could drag down other sectors like steel production. "Beijing cannot afford a collapse in the housing market," wrote Jing Ulrich, chairman of China equities for JPMorgan, in a recent note to investors...

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

...patrols the operator bank on roller skates. She's a conscientious employee, but her life is devoted to her nine-year-old son Walter (Gattlin Griffith), whose father walked out when the child was born. One day Christine returns home to find Walter missing. As the days and months drag on, his disappearance becomes big news, and when word comes that the boy has been located, the press is there en masse at the train station. Instantly she sees that this "Walter" (Devon Conti) is not her son; but the police insist that he's Walter - case closed...

Author: /time Magazine | Title: Changeling: True Crime from Clint and Angelina | 10/22/2008 | See Source »

...they're known locally, grow to more than 17 feet and can weigh more than a ton. They lurk near river crossings, where they lie motionless, half-submerged in muddy shallows, then explode out of the water to seize an animal as large as a horse or cow, drag it underwater, and roll with it until it drowns...

Author: /time Magazine | Title: Going Soft on Crocodile Crime | 10/22/2008 | See Source »

...Some insisted on not wearing condoms,” Kang said. “Once when I protested, he hit me hard on my head and broke my finger. From that day on my nose bleeds all the time. Whenever someone got sick or died they would just drag the girl out like a dog.” Kang was most emotional when talking about her homeland, which she said she did not see again until 2000. “Maybe it was because my country was small that I had to suffer,” she said...

Author: By Carola A. Cintron-arroyo, CONTRIBUTING WRITER | Title: Former Sex Slave Speaks Out | 10/17/2008 | See Source »

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