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...Gist: For months, financial forecasters have been doing everything short of suggesting we don gas masks and stockpile canned goods. But according to the sixth installment in the Boston Consulting Group's "Collateral Damage" series, the drumbeat of grim prognoses is failing to "instill a sense of urgency" into many corporations. In their survey of 439 companies with sales above $1 billion (including 86 with sales above $20 billion), the authors found that "too many companies are reacting late and with insufficient purpose." Many also show signs of inflated expectations: while 65% of companies said their industry's fortunes would...

Author: /time Magazine | Title: Downplaying the Financial Crisis | 4/10/2009 | See Source »

...been in this position once or twice before, wants the sexual exercise, even if she's not awake to take an active role in it - somewhere in her stupor, she's feeling a rote rumble of pleasure. The scene achieves what few American movies even attempt: to pinpoint the grim compromise, the desperation, that can attend the sex act. Don't call it love; don't call it grand; but whatever it is, don't stop. (See pictures of Seth Rogen...

Author: /time Magazine | Title: Observe and Report: Travis Bickle, Mall Cop | 4/9/2009 | See Source »

...Journal. In 2007, East London's Daily Dispatch newspaper revealed that poor maternity care at the city's Frere Hospital was resulting in around 200 stillborn babies every year - and that the corpses were being buried in mass paupers' graves. A tour of Mthatha General Hospital suggests conditions as grim: paint peels from rotten ceilings, the floors are filthy and in the casualty department, an old woman lies slumped in her wheelchair in a lake of urine...

Author: /time Magazine | Title: Why South Africa's Over the Rainbow | 4/9/2009 | See Source »

...back. While heading into town from the airport, my babbling taxi driver kept one hand (barely) on the steering wheel while his other shoved a stack of local currency, the som, into my face. He insistently urged me to trade the money for dollars. After checking in at the grim Hotel Uzbekistan, a nattily clad porter showed me and my wife to a room, fiddled with a broken TV set, and then reached into his jacket pockets for large bricks of som. He, too, persistently begged me for greenbacks. In Uzbekistan, the dollar ruled...

Author: /time Magazine | Title: Is the Almighty Dollar Doomed? | 4/6/2009 | See Source »

Cauldron of Terror Your cover story on the making of terror suspect Ajmal Qasab, a village boy from Faridkot in Pakistan, paints a very grim picture of Pakistan's plight [March 16]. Scarcity of jobs for the youth and the flourishing of radical education facilities there, funded by Islamist elements from other countries, promise instability for the government. With a corrupted military and little consensus among Pakistan's politicians, one can only see a bleak future for its people. Premdayal Gupta, Indore, India...

Author: /time Magazine | Title: Inbox | 4/6/2009 | See Source »

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