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...stunning decline in the price of oil gets the business headlines - and has a good-news feel as it helps cash-strapped American consumers the most - but the cost of an entire range of commodities has also plunged in the past quarter: copper, gold, nickel and steel have all fallen as global demand has weakened. One popular gauge of commodity prices, the Reuters CRB Index, tumbled 22.3% in October, the biggest drop in the index's 48-year history. (See pictures of the global financial crisis...

Author: /time Magazine | Title: The Rising Threat of Deflation | 11/6/2008 | See Source »

...pain in property and construction has spread. Estonia's stock index is down 60% in the past year. Tourist numbers have fallen. A third of restaurants in Tallinn's old city center are expected to close in the next few months. It doesn't help that a diplomatic spat between Estonia and Russia, which erupted last year following Estonia's decision to relocate a Russian war memorial, has resulted in a 30% drop in exports through Estonia's ports. Combine all that bad news and it's little wonder that Estonia's unemployment rate, just 4.7% in 2007, is predicted...

Author: /time Magazine | Title: The Baltic Mourning After | 11/6/2008 | See Source »

...alike are buzzing with talk about the coming fall. The Cairo-based investment bank EFG-Hermes recently predicted that Dubai property values could tumble 20% in the next three years. Shares of Emaar, a Dubai company that has become one of the world's biggest real estate developers, have fallen almost two-thirds since January...

Author: /time Magazine | Title: Doubting Dubai | 11/5/2008 | See Source »

...surrendered my New York Times to the bottom of his crate, but I was also soon waking up early…and even working out. Each morning, we would venture to the trails, where I would hike with my new companion. Yet like any gal who’s fallen too far in love, I soon became Billy’s bitch. I found myself picking up after him constantly, giving him sponge baths, and showering him with gifts. I sometimes even found myself stooping to his level while I played on all fours...

Author: By Lindsay P. Tanne, CRIMSON STAFF WRITER | Title: Finding My Puppy Love | 11/5/2008 | See Source »

...since the autumn of 1975. "We did not see this big a decline coming for October," he adds. "The financial crisis is now being fully felt on Main Street," he says. "Clearly we're in a very dire situation," notes DiGiovanni, who adds that the company's sales have fallen a third from their peak...

Author: /time Magazine | Title: October Car Sales Even Worse than Expected | 11/3/2008 | See Source »

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