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...borough renowned for gentility. And that little Ella Geisman endured a rough childhood. She was raised in poverty by her divorced mother. Then, as she related it on her website , "I had a very bad accident at age eight which killed my dog and totaled my bike, not to mention me! The doctors said I might never walk again. Because of the respect I gained for my doctors, I aspired for a time to become one myself. But after seeing Fred Astaire and Ginger Rogers in The Gay Divorcee 17 times, those thoughts were then replaced with dreams of someday...

Author: /time Magazine | Title: In Defense of June Allyson | 7/11/2006 | See Source »

...Baby star said. And yet "it was a confirmation of something I was feeling that was keeping us from being completely solid." Lowe, a TV actor who is directing a film called Beautiful Ohio, had no comment. But at least--unlike in her 2000 Oscar speech--Swank thought to mention him this time...

Author: /time Magazine | Title: People | 7/10/2006 | See Source »

...could spell the end of the Japan "carry trade," the practice of large investors borrowing yen cheaply to invest in anything with higher yields?from U.S. treasuries to stocks to emu farms. The carry trade has been blamed for speculative excesses in global stock and commodity markets, not to mention exotic investments like Icelandic and New Zealand currencies. In June, financier George Soros blamed the recent dip in global markets on the BOJ's money-supply tightening since March, noting: "When the Japanese central bank reduced the excess liquidity, this situation had a global effect on currencies, bonds and stocks...

Author: /time Magazine | Title: Japan Takes Flight | 7/10/2006 | See Source »

...Carry-trade alarmists tend to focus on the fact that Japan's "free money" spigot is closing, but rarely mention that rates are likely, for now, to rise by a mere 0.25%. That's not free, but it's still pretty close to it. For the foreseeable future, Japan will remain the world's first stop for low-cost capital. "Even if Japan's rates were to rise to 1%, its differential with other asset classes around the world would still be pretty high," says Macquarie's Jerram. Besides, the BOJ has been signaling its intention to raise rates...

Author: /time Magazine | Title: Japan Takes Flight | 7/10/2006 | See Source »

Despite the movement’s many Democrats, not to mention the evangelical reverend’s appearance on the March 2005 cover of Congressional Quarterly with the words, “Will Democrats Ever Get Religion,” Wallis strives to make his crusade against poverty a bipartisan cause. “We want liberals to start talking about strengthening marriage and family, speaking the language of personal responsibility,” he said. “We want conservatives to agree to strategic investments in housing, childcare, health care, education, and affordable housing...

Author: By Loui Itoh | Title: Not a Lost Cause | 7/7/2006 | See Source »

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