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...other Hong Kong companies - particularly those that invested some of their capital in property and stocks - are facing crippling cash shortages. On Oct. 9, U-Right, a clothing retailer with about 100 outlets in Hong Kong and another 500 in China, was forced to liquidate after it could not meet bank demands to repay its debts. Analysts say the company borrowed too much and expanded too fast in the rush to catch China's economic wave. As the global economy slows, that's likely to become a familiar refrain - and as a result, lenders are increasingly scrutinizing their customers' balance...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

That policy would appear to have the support of Obama--who has said that as President, he would meet "with anyone at the time and place of my choosing"--though not of McCain, who cites Petraeus as an ally every day on the campaign trail but whose running mate, Sarah Palin, has called negotiating with rogue regimes "beyond naive...

Author: /time Magazine | Title: The Moment | 10/16/2008 | See Source »

...They said this was going to be 9 to 5 and just an easy portfolio of issues," she said. But she quickly learned how far underwriting standards had fallen. A year ago, she rang the alarm with mortgage lenders and said they were not doing enough to help borrowers meet their house payments. "I thought," she recalled, "they were going to throw tomatoes...

Author: /time Magazine | Title: The FDIC's Boss: Sheila Bair, America's Passbook Protector | 10/16/2008 | See Source »

...meet this challenge, the U.S., or any other country that wants to remain in the game, can't afford to repeat past mistakes. And the worst mistake of all is complacency--to dismiss the challengers as a nuisance, as the U.S. did Japan in the 1960s, rather than view them as serious competition. You can see the results of complacency when you look at the Big Three U.S. automakers...

Author: /time Magazine | Title: In the New World Disorder, Loads of Rivals for America | 10/16/2008 | See Source »

Some within the Harvard community oppose Harvard’s resistance to a more open educational approach. One such rebel is Andrew J. Magliozzi ’05, founder of Finalsclub.org, a Facebook-meets-Wikipedia Web site meant to meet all your study needs. The site, which is currently being revamped and is set to launch on Oct. 14, contains blog notes of popular Harvard lectures. Past bloggers include students enrolled in the course, as well as TFs. An added component of the site is an interactive forum where users can create an account, make a group, invite friends...

Author: By Julia S Chen, CONTRIBUTING WRITER | Title: Opening the Ivory Tower | 10/15/2008 | See Source »

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