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...estate market in the Asian nation is taken into account. Because the period began with easy access to capital followed by a sharp drop in the stock market and property values, it is now being compared to what many economists believe began in the US two years ago. They fear, probably with good reason, that GDP growth will simply stay in a narrow band of extremely modest growth or no growth at all and the lack of consumer and business spending and demand for exports will cause deflation...

Author: /time Magazine | Title: The Lost Decade May Only Last Three Months | 4/9/2009 | See Source »

...dealers who are packaging consumer loans and the investors they want to sell them to. The New York Fed has engaged both sides in several of these disputes and believes it can resolve the problems, says the Fed official. The second potential reason for the TALF shortfall is fear of retroactive penalties from Washington. "There's nervousness about the possibility of retroactive action by Congress," says a government official...

Author: /time Magazine | Title: Still Few Buyers in Fed's Effort to Restart Lending | 4/9/2009 | See Source »

Even so, not every shareholder is thrilled at the prospect of selling to the Chinese. Chinalco is a huge consumer of iron ore, and mining companies fear that the investment in Rio Tinto could give China more influence over the price. During the boom years, when Chinese companies' appetite for virtually every metal was voracious, they got stuck with stiff price increases. The deal could give Chinalco, which already owns 9.3% of Rio, better access to the company's choicest deposits of copper, iron ore and bauxite. The secretary-general of China's Iron and Steel Association, Shan Shanghua...

Author: /time Magazine | Title: Buying Binge | 4/9/2009 | See Source »

...recession is another factor in the sales jump. Guns are expensive - Baker, for example, paid $200 for her shotgun - yet fear trumps the cost of a weapon for people worried that the economic crisis will lead to more crime. "Protection of the family, protection of the home, is utmost on people's minds," says Keffer. Many big cities have indeed seen crime tick higher during the downturn. But in the wrong psyche, this sentiment can carry deadly consequences. For example, the mother of the Pittsburgh man who shot and killed the police officers said her son had been stockpiling guns...

Author: /time Magazine | Title: Boom in Gun Sales Fueled by Politics and the Economy | 4/8/2009 | See Source »

...Washington against militancy. Pakistani politicians and analysts believe that the military establishment, in its enduring efforts to counter Indian influence in the region, is reluctant to change course until there is a Pakistan-friendly regime installed in Kabul and a resolution to the Kashmir dispute. One politician described the fear of being squeezed from both borders as "being caught in a nutcracker." (Find out why Pakistan fears encirclement by India...

Author: /time Magazine | Title: In the War Against Militants, U.S. and Pakistan Remain at Odds | 4/8/2009 | See Source »

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