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...about 30 minutes on Tuesday, the Dow Jones Industrial Index gained back close to half of yesterday's loss, which included the biggest point drops in more than 20 years for most of the world's major stock indices. But investors could not look past the struggling U.S. financial sector, nor the overleveraged European banks. Very quickly, they sent the Dow on a day-long 500 point plunge - with it and the S&P 500 hitting five-year lows...

Author: /time Magazine | Title: Wall Street's Crisis: When All News is Bad News | 10/7/2008 | See Source »

...prices and swings in the real estate market, consumer confidence edged upward to hover at a fairly strong level, considering the mounting bad economic signs. The Conference Board put its consumer confidence rating at 59.8 for September, a slight improvement from 58.5 in August. Compare that with the index's nearly 20-year low of 55.3 in 1991, when the U.S. fell into recession following the first war in Iraq. (In good times, the index can be well above 100 points.) But the latest series of events on Wall Street and in Washington are undoubtedly shaping consumer confidence in ways...

Author: /time Magazine | Title: Consumer Confidence: A Key Recession Signal | 10/6/2008 | See Source »

...hopes are those that until recently had been some of its most depressing stories. Several of the continent's fastest-growing economies are former war zones, such as Angola, Mozambique and Liberia, and - with Angola a notable exception - many of those are also showing most improvement in governance. The index assesses national governments against 57 criteria divided into five broad categories: safety and security; rule of law, transparency and corruption; participation and human rights; sustainable economic opportunity; and human development. Most improved over the past year, for example, was Liberia, which lost more than 250,000 people in two civil...

Author: /time Magazine | Title: Amid Global Gloom, Good News from Africa | 10/6/2008 | See Source »

...month intervention, all the girls who read books had lost weight, but the girls who read Lake Rescue lost more. They lowered their body mass index (BMI), a ratio of weight and height used to measure obesity, by .71, compared with .33 in the Charlotte group an average .05 increase among the nonreaders...

Author: /time Magazine | Title: Can Reading Help Kids Lose Weight? | 10/4/2008 | See Source »

...found new meaning as a generation of Chinese artists now ask What if every European collector bought just one of my paintings? As Zhu Qi, author of the essay Art Capitalism in China writes, showings of Chinese art have become an “assessment index of artist’s position in art scenes and of his market price,” as opposed to a referendum on their talent. This is a Bull Market in which 70 percent of all collectors of contemporary Chinese art have suddenly appeared over the past three years. It is as if somewhere...

Author: By Ruben L. Davis, CRIMSON STAFF WRITER | Title: Self-Aware Chinese Art Begins to Break Down Walls | 10/3/2008 | See Source »

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