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...schoolteacher, who sunk part of her life savings into stocks two years ago and often hangs out at a brokerage office near her home, watching the markets and playing cards with her friends. But her PetroChina play lost more than 12%, and her other investments have also fallen. In mid-November, Zhang gave up, selling all her shares. She says she lost 20% of the $13,500 she had invested. "That's enough," she says. "I won't invest in stocks anymore. I can't afford to lose my savings...

Author: /time Magazine | Title: A Market Mood Swing | 11/22/2007 | See Source »

...When the punk movement first surfaced in England in 1977, its nihilistic posturing and contempt for cultural and pop-music traditions rattled both the social and entertainment establishments. Long after the movement petered out or became commercialized elsewhere, it took hold for the first time in Jakarta in the mid-1990s - at a time when the music's belligerence seemed to perfectly echo the hostility many young people felt toward the authoritarian regime of then President Suharto. Onie recalls listening to Guns N' Roses and boy band New Kids on the Block and never feeling a real connection with...

Author: /time Magazine | Title: Punk's Not Dead | 11/22/2007 | See Source »

Saudi officials used the occasion of an OPEC summit in Riyadh in mid-November to say they could up production at any time. But that raises the pesky question of why they don't. So far, the answer from OPEC leaders has been that high prices are the fault of speculators and the falling dollar, not low production. They're not just blowing smoke. Lynn Westfall, chief economist of refiner Tesoro Corp., says there's more than enough oil for sale right now. The price pressure, he explains, "is coming from financial participants in futures markets...

Author: /time Magazine | Title: Peak Possibilities | 11/21/2007 | See Source »

Thanks to Nancy Gibbs for her thoughts on the rather confusing and sad overlapping of our holidays [Nov. 19]. I shopped for a Halloween costume in mid-September for fear there would be none the week before the holiday. Lo and behold, the last week in October, I saw a shift from pumpkins and scarecrows to elves and ornaments--not a costume in sight, and Thanksgiving had just been left in the dust. It's disheartening that holidays have become a retailer's trap for the consumer and that we've lost their real meaning altogether...

Author: /time Magazine | Title: Inbox | 11/21/2007 | See Source »

...Most of the purported machinations were rooted in a period in the early- to mid-1990s, when successive laws were passed (and blanket amnesties accorded) in an effort to sanitize the then notoriously corruption-prone French party financing systems. No suggestion has been made that any potentially misused municipal funds benefited Chirac or other City Hall officials personally...

Author: /time Magazine | Title: France's Chirac Under Investigation | 11/21/2007 | See Source »

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