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...that much of today's U.S. trade deficit comes from U.S.-based corporations selling products at home that were partly or entirely made in China. As a result, the trade relationship with China has become far more ingrained in the economic fabric of the U.S. than that with Japan ever was. Some evidence: in the first nine months of 2009, the global economic slowdown cut the U.S. deficit with Japan 47% compared with the first nine months of 2008. The deficit with China dropped just...

Author: /time Magazine | Title: U.S.-China Trade: Prepare for Continued Imbalance | 11/17/2009 | See Source »

...even more important difference is that the stakes are higher with China. Japan seemed like a fearsome economic rival a quarter-century ago, but it wasn't really a political rival and, with a population less than half that of the U.S., it was unlikely ever to surpass the U.S. as an economic power. China, with its billion-plus population, seems destined to surpass the U.S. in economic clout, and it appears to have designs on rivaling the U.S. as a political and military power. Which means there's no easy way out of the U.S.-China trade impasse...

Author: /time Magazine | Title: U.S.-China Trade: Prepare for Continued Imbalance | 11/17/2009 | See Source »

...Think of a bug hitting a windshield going 60 miles an hour - that was what January was like," says Brennan. "We had been going gangbusters - we had our best year ever [in 2008] and all of a sudden everybody stopped buying...

Author: /time Magazine | Title: Small Business, Key to Recovery, Is Still Hurting | 11/17/2009 | See Source »

...Taylor [Docter] was on it,” Ono Horn said. “Her blocks, her kills, she made several key plays at the end of ever game that helped...

Author: By Erika T. Butler, CONTRIBUTING WRITER | Title: Split Marks Final Weekend | 11/17/2009 | See Source »

...Ending a season is always sad,” Ono Horn said. “[And] this season, we placed the best of any team that I’ve ever been a part of. The fact that volleyball is over hasn’t even really...

Author: By Erika T. Butler, CONTRIBUTING WRITER | Title: Split Marks Final Weekend | 11/17/2009 | See Source »

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