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...global gross domestic product as measured in dollars, and it accounted for one-fifth of worldwide growth between 2000 and 2006. So the big question is: If America's growth doesn't pick up significantly, can other countries make up the shortfall? That question has taken on fresh urgency as the once hot U.S. housing market has cooled, putting a chill on the rest of the domestic economy. U.S. GDP growth dropped to 2% in the third quarter, less than half the blistering 5.6% rate of the first three months of 2006. The prospect of a continuing slowdown has sent...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

...ready to pay more for oranges and other fresh produce, as California growers survey the damage caused by a cold snap that destroyed as much as three-quarters of the state's citrus and hit nearly every other winter crop, from avocados to strawberries. The total cost to farmers could surpass the $700 million lost during a three-day freeze in December 1998, state agriculture secretary A.G. Kawamura said on Monday, the day before Governor Arnold Schwarzenegger asked for federal disaster relief from the U.S. Department of Agriculture and the Small Business Administration...

Author: /time Magazine | Title: Get Ready for an Orange Crunch | 1/17/2007 | See Source »

...wholesale price of oranges has already doubled to around $25 a carton, and consumers will start seeing the increase in supermarkets soon. Retailers can get some fruit elsewhere - lemons from Texas, clementines from Spain - but since most of the fresh citrus consumed in the U.S. comes from California (partly because of limits on imports), the impact of the freeze is practically unavoidable. Florida produces more citrus overall, but almost all of its oranges go into juice. "In terms of [fresh] oranges, there really isn't anywhere else to go," says Daniel Sumner, an agricultural economist at the University of California...

Author: /time Magazine | Title: Get Ready for an Orange Crunch | 1/17/2007 | See Source »

...resort. Among these are excursions to islands lying close off shore, boat trips with local fishermen or tours of nearby Bokor National Park. Yoga classes, meditation sessions and Khmer massage are available. There's also an expansive sea-facing infinity pool. The French cuisine (with a Khmer touch) uses fresh local seafood and produce and is superb. Menus are drawn up in consultation with guests, and meals are served on terraces or in the open-air dining pavilion. The communal areas at Knai Bang Chatt are appointed with a mix of Art Deco ornaments and furniture and Khmer bronzes sourced...

Author: /time Magazine | Title: Chatt Rooms | 1/16/2007 | See Source »

...operas have play doctors, as the classic musicals often did? Old pros like George Abbott or Abe Burrows would join a show out of town, bring a fresh mind to the soft spots, punch up the book. By the time the thing opened on Broadway, it sang. The First Emperor could have used some outside help. For what disappoints me about the opera is not its music but its failure to transfer the thrilling drama of the movie to the stage...

Author: /time Magazine | Title: A Chinese Movie at the Met | 1/13/2007 | See Source »

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