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...Indeed, falling U.S. consumer spending and the drying up of credit create big problems for Asian companies that may not be reflected in their current stock prices. "We have not yet seen the impact in the corporate sector yet," says Irene Cheung, a corporate director in ABN Amro's Asian markets trading business in Singapore. "That's the scary part." Cheung expects a further decline of 20% to 30% in Asian equity markets...

Author: /time Magazine | Title: Asian Markets Tremble But Hold Up | 9/30/2008 | See Source »

That drop in U.S. consumer spending along with the drying up of credit could well create a huge problem for Asian companies yet to be reflected in their stock prices. "We have not yet seen the impact in the corporate sector yet," says Irene Chung, a corporate director in ABN Amro's Asian markets trading business in Singapore. 'That's the scary part.' Chung expects a further decline of 20% to 30% in Asian equity markets. Not everyone is so bearish; Kowalcyzk predicts a further decline this year of 5%. But with most Asian markets already down 30%, or close...

Author: /time Magazine | Title: World Markets React with Caution to US Crisis | 9/30/2008 | See Source »

...environmental impact of undersea wreckage can't always be seen easily from the shore. Helton says it would help if owners of small fishing boats and jet skis as well as giant ore ships and oceangoing freighters could keep in mind that "when a vessel is lost, it's not gone...

Author: /time Magazine | Title: America's Underwater Junkyard | 9/30/2008 | See Source »

...weeks after Harvard stole back the top spot in the U.S. News college rankings, the University has been ranked number one again—this time for its brand. The rankings, released earlier this month by Global Language Monitor, a company that uses quantitative methods to analyze the impact of language on society, are based on the number of times colleges and universities’ names were mentioned in both print and electronic global media over the past nine months. Indicating that prestige and media coverage seem to be correlated, six of the universities on the Global Language Monitor list...

Author: By Anita B. Hofschneider, CONTRIBUTING WRITER | Title: Media Fixates on Harvard | 9/30/2008 | See Source »

...labor practice suit, arguing that to prohibit smoking without negotiations first violates employee contracts. "The system, no matter how politically correct the idea of a smoking ban is, should have negotiated the policy with the union," says APSCUF president Steve Hicks, adding, "[It] was insensitive to not recognize the impact on their largest constituent group - the students." PASSHE's Marshall counters that this claim is moot due to the new statewide anti-smoking...

Author: /time Magazine | Title: No Smoking on Campus? Pennsylvania Smokers Fume | 9/29/2008 | See Source »

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