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...Nigeria is now almost double that of shares listed in Argentina, even though Argentina's economy is far more developed and twice the size of Nigeria's.) Worldwide, the total value of shares from 25 countries tracked on the MSCI Emerging Market Index is now at its highest level since the mid-1990s, a time considered by many to have been a bubble (one that was popped by the 1997 Asian crisis and Russia's credit default). Yet investors are still piling in - inflows into emerging-market funds have been about $24 billion so far this year, exceeding $22.4 billion...

Author: /time Magazine | Title: Flying Too High? | 10/18/2007 | See Source »

...approach works because Madden combines it with an unusual level of accessibility that goes against the modern political-campaign theory of strict "message control." Madden's availability and conviviality--he often says that Romney's teetotaling ways mean "there's more left for me"--help shore up the image of a campaign where everything is going just fine, no matter what you hear to the contrary. Says Madden: "The biggest mistake press secretaries make is that they view the press corps as the enemy. I view them as a conduit." That's not the same, it should be noted...

Author: /time Magazine | Title: Campaign Briefing: Campaign Insider | 10/18/2007 | See Source »

Gore warns that the sea level will rise 20 ft. when parts of West Antarctica or Greenland melt, but Burton calls this "distinctly alarmist" and says it will take thousands of years for this type of melting to transpire...

Author: /time Magazine | Title: Dashboard: Oct. 29, 2007 | 10/18/2007 | See Source »

Lately, the Senate has shown a high level of enthusiasm for legislation relating to the issue of currency. Over the summer, both the Finance Committee and the Committee on Banking, Housing, and Urban Affairs have overwhelmingly passed separate bills that require the secretary of the Treasury to report annually on which countries, if any, practice “currency manipulation,” or have exchange rates that give the country an “unfair advantage in international trade” and “result in an accumulation of substantial dollar currency reserves.” According...

Author: By Justine R. Lescroart | Title: Overvalued Legislation | 10/17/2007 | See Source »

...Opinion polls taken ahead of Thursday's strikes vary considerably, though together they roughly average a near 50% split between approval and condemnation. However, director of the French Revue of Political Science, Jean-Luc Parodi, notes public support of the strikers is already far below the 70% level expressed in 1995, and at least 10 points lower than those registered in 2003 - and they could fall further. The difference, he says, is context...

Author: /time Magazine | Title: France Prepares for Strikes | 10/17/2007 | See Source »

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