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...this has meant continuing downward pressure on global production costs. With upward of a billion people set to enter the urban labor markets of China, India, Brazil and Indonesia over the next 20 years, this pressure will only intensify. Should you doubt that, ask any labor union how much luck they have had lately in negotiating higher wages. More immediate forces are also at work to keep prices from surging. Despite wishful thinking in some quarters, growth in Europe is slowing, not accelerating; both corporate and consumer sentiment, the best gauge of investment and spending, are falling. A large part...

Author: /time Magazine | Title: Go Easy on the Brakes | 5/21/2006 | See Source »

...back to the cabin. A few minutes later, her former stepfather's wife Jackie Barrett left the sandbar where they had been sunning themselves and followed Campbell. The young woman was nowhere to be found. Barrett grabbed a kayak and paddled downstream in search of her. No luck. So Barrett headed back toward the cabin--to find her husband Mark and a family friend frantically gouging at the eyes of an 11 1/2-ft. alligator and prying at its jaws, firmly clamped on Campbell's upper body. By the time the creature finally let go, it was too late. Campbell...

Author: /time Magazine | Title: Death by Alligator | 5/21/2006 | See Source »

...when cars had wooden-spoked wheels, a drinker during the ascendancy of the martini and a New Yorker editor of sufficiently long standing to have worked with William Shawn, James Thurber, Ogden Nash and Donald Barthelme. He was born lucky and he knows it, but he also knows that luck is never quite enough. "Life is tough and brimming with loss," Angell writes, "and the most we can do about it is to glimpse ourselves clear now and then...

Author: /time Magazine | Title: 5 Memoirs That Are Worth Your Time | 5/21/2006 | See Source »

...received superb care at the Mayo clinic in Rochester, Minn., for a malignant brain tumor, which is now in remission. Still, I was frightened by your cover story. Have I been blessed with dumb luck, or am I being treated by one of the best hospitals? Your article probably made countless people question the wisdom of trusting the medical world, and may have also discouraged some from seeking the care they urgently need. JACK MOSER Osceola...

Author: /time Magazine | Title: Letters: May 22, 2006 | 5/14/2006 | See Source »

...wasn't just thumb luck. The Cabinet Door Shop is one of 1,800 companies that use a new kind of power saw, the SawStop, that is designed to stop as soon as the blade makes contact with flesh. Its inventor, Steve Gass, an amateur woodworker and patent attorney with a Ph.D. in physics, came up with the idea in 1999. Says Gass: "I was tinkering around in my shop and looked over at my saw and thought, I wonder, if you ran your hand under the blade, if you could stop it quick enough, then you wouldn...

Author: /time Magazine | Title: SMALL BUSINESS: An Edgy New Idea | 5/7/2006 | See Source »

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