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...overreliance on consumer debt has happened anyway. Why? Disclosure itself may not be enough considering the well-entrenched forms of human thinking we're dealing with. "There have been a lot of disclosure policies over the past 20 years, but they've had a limited effect on improving the market," says the University of Maryland's Ausubel. "The problem isn't in the availability of information. The problem is in the processing of the information." (Read "How the Banks Plan to Limit Credit-Card Protections...

Author: /time Magazine | Title: The Real Problem with Credit Cards: The Cardholders | 5/12/2009 | See Source »

...growth will still be in an anemic state. Alternatively, in the U.S., the core of the stimulus effort is to drop taxes to improve consumer spending and give financial aid to projects that should help move up employment. Until the American consumer begins to move back into the market and increase demand though normal spending, U.S. GDP will not rise and the rate at which the U.S. imports goods from China will not recovery. (See pictures of China's wild side...

Author: /time Magazine | Title: The Argument Over China's Economic Prospects Intensifies | 5/12/2009 | See Source »

Recessions are supposed to be a good time for small companies to grab competitors' business and grow - but if Britain's small cap market is anything to go by, many of those firms are struggling. The Alternative Investment Market (AIM), the London Stock Exchange's junior market for dynamic and fast growing smaller firms, has been hammered over the past year. The main index of its shares has slumped by 50% since the same time last year, far more than the losses on the FTSE 100, an index of Britain's leading shares. In the opening quarter...

Author: /time Magazine | Title: London's Small-Stock-Market Blues | 5/12/2009 | See Source »

...blow to a market that was one of the world's most dynamic in recent years. Offering businesses a dip into London's deep investor pool, but with a light regulatory burden, AIM had lured 1,700 companies from more than 30 countries at its peak in late 2007. That figure now stands at 1,500 and shrinking. Among firms valued at less than $7.5 million - almost 40% of all companies listed on AIM - "there's quite a strong feeling that if things aren't going to improve in the near future, they're minded to look at coming...

Author: /time Magazine | Title: London's Small-Stock-Market Blues | 5/12/2009 | See Source »

...been a pretty simple proposal. An outgrowth of the E.U.'s long-standing European Neighborhood Program (ENP), the Eastern Partnership (EaP) plan called for establishing preferential development, trade, and travel agreements with the six former Soviet republics in exchange for them taking steps to create solid and responsible free market economies and democratic political systems. In that way, the multi-lateral EaP sought to strike up and reinforce ties with the E.U.'s outlying neighbors even faster than the bilateral ENP agreements had. (See pictures of President Obama's travels in Europe...

Author: /time Magazine | Title: The E.U. Backtracks on its Eastern European Partners | 5/11/2009 | See Source »

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