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...spenders even think of shopping Europe? On the other side, the profits European companies make on dollar sales are shrunken by the time they get converted back to euros. For the euro-zone economy with a projected growth rate of only around 2% in 2008, the upshot is a major pinch on export revenues threatening to stunt growth even more...

Author: /time Magazine | Title: Europe Longs for a Weaker Euro | 3/13/2008 | See Source »

...attitude is a major turnaround from that of Taiwan's outgoing President, Chen Shui-bian of the rival Democratic Progressive Party, or DPP. In 2000 Chen made history by becoming the first non-KMT President of Taiwan. He won by tapping into and championing a rising spirit of Taiwanese nationalism. Many people in Taiwan no longer consider their island a part of China; instead, they see Taiwan as a de facto independent state and desire an identity of their own. The search for Taiwan identity also had a sharp anti-KMT edge. The KMT has historically been the party...

Author: /time Magazine | Title: Strait Talker | 3/13/2008 | See Source »

...clear that even these aggressive actions will be sufficient to avoid a major U.S. slowdown or recession, given the deadweight of the sinking housing market. With the standard playbook and tools like the Taylor Rule less relevant to the immediate challenges at hand, central bankers are finding themselves looking at stock and bond markets to help them decide what to do. The markets in turn are looking back at central banks, trying to guess how monetary policy will affect asset prices. It reminds us of the early Ozzy Osbourne lyrics: "You, looking at me, looking at you .../ I know...

Author: /time Magazine | Title: The Fed Fights Back | 3/13/2008 | See Source »

...This is a major political earthquake.' IBRAHIM SUFFIAN, Malaysian pollster, on March 8 electoral gains by opposition parties against the National Front coalition, a political alliance that has ruled Malaysia since...

Author: /time Magazine | Title: Verbatim | 3/13/2008 | See Source »

...spend $1.3 billion to buy online advertising and marketing specialist Digitas before that market got scalding hot. "We made a full screening of what was happening in the interactive-marketing media field, how it was going to impact [Publicis'] business and why they needed to make an early major move into that field," says Messier. Since then, he points out, every large player has followed the trend: Google with DoubleClick, Yahoo! with Right Media, WPP with 24/7 Real Media, and Microsoft with aQuantive. "We were first in online. Publicis was the only major player to have made an acquisition...

Author: /time Magazine | Title: Re-Visionary | 3/13/2008 | See Source »

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