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...fourth quarter - economists don't think the average Chinese has a big enough wallet to make up for weak demand overseas. "The reliance on the U.S. consumer as the buyer of last resort is going to have to change," says Michael Buchanan, chief Asia economist at Goldman Sachs in Hong Kong. He says "China has a long way to go in adjusting" to this fundamental change in the world economy...

Author: /time Magazine | Title: China's GDP Slows to Seven-Year Low | 1/22/2009 | See Source »

Where was the outrage and media coverage when Hamas militants began firing rockets daily into Israel even before the cease-fire was over? If Hamas had believed Israel's threat to retaliate if the attacks did not stop, maybe the death toll would have been limited to Israel. Miriam Goldman, MINEOLA...

Author: /time Magazine | Title: Violence in Gaza | 1/21/2009 | See Source »

...Street along with her husband, fashion illustrator Ruben Toledo, was an unlikely choice for today's ensemble because she is not a mainstream designer. In 1998 the fashion maverick stopped presenting biannual collections, instead choosing to create on her own schedule. Obama discovered Toledo's work through retailer Ikram Goldman, whose Chicago specialty store, Ikram, is a favorite shopping spot of the First Lady's. Goldman, who carries other Obama favorites like Thakoon and Narciso Rodriguez, is said to have helped Obama order her outfits from the designers. (Read "Can First Daughters Sasha and Malia Give J. Crew a Lift...

Author: /time Magazine | Title: Michelle Obama's Dress: A Bold Choice in Designer Isabel Toledo | 1/20/2009 | See Source »

...outrage and media coverage when Hamas militants began firing rockets daily into Israel even before the cease-fire was over? If Hamas had believed Israel's threat to retaliate if the attacks did not stop, maybe the death toll would have been limited to only Israel. Miriam Goldman, MINEOLA...

Author: /time Magazine | Title: Inbox | 1/15/2009 | See Source »

...said it would post a loss of $6.4 billion. Analysts believe the red ink at Citigroup (C) could be more than $10 billion. Bank of America is expected to turn in a $3.6 billion loss. Those figures do not include JP Morgan (JPM), Wells Fargo (WFC), Morgan Stanley (MS), Goldman Sachs (GS) and a number of deeply troubled overseas companies including UBS (UBS), Credit Suisse (CS), and Barclays...

Author: /time Magazine | Title: Banks: Losing $100 Billion In One Quarter | 1/14/2009 | See Source »

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