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Indeed, over the past decade home equity loans have helped finance a lot of big-ticket holiday purchases. And with that resource increasingly hard to tap, middle and lower-income shoppers probably will not spend as much on discretionary purchases. Forty-four percent of consumers polled in WSL Strategic Retail...

Author: /time Magazine | Title: A Gray Friday At the Mall | 11/21/2007 | See Source »

Of course, the world doesn't completely change over night. Many of the classic reasons companies set up shop in far-flung locales, like gaining a foothold in a new market, are still in the mix. Nissan, for instance, is among the carmakers now building a plant in Russia, a...

Author: /time Magazine | Title: The Changing Face of Globalization | 11/16/2007 | See Source »

Lindsay Tanner "Australia is one of the few countries in the world where academic is a term of derision." Experience: Shadow Minister for Finance since 2005 Seen as one of Labor's thinkers, Tanner has published several books, most recently arguing that Australians are "losing our sense of connection with...

Author: /time Magazine | Title: Meet the Frontbenchers | 11/16/2007 | See Source »

But the Senate Finance Committee has been looking too. Last week Senator Charles Grassley, the Committee's ranking Republican, announced a probe of the finances of six television preachers. He sent each a letter filled with extremely pointed questions about their multimillion-dollar finances. The longest questionnaire, with 42 specific...

Author: /time Magazine | Title: Huckabee Stands By a Televangelist | 11/15/2007 | See Source »

Needless to say, Wall Street isn't turning cartwheels at the prospect, and as a result, neither are Senate Democrats. Many simply don't want to bite the hand that feeds them: investment firms and their employees have given more than $50 million to political candidates so far this cycle...

Author: /time Magazine | Title: The Dems' Tax (and Spend) Dilemma | 11/15/2007 | See Source »

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