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...reach the end of a miserable 2009, signs continue to mount across the globe that the world economy is stirring back to life. The U.S. finally returned to growth in the third quarter, with its strongest showing in two years, India posted inspiring 7.9% growth and the results out of tiny Taiwan, one of the economies slammed the hardest by the global recession, were so impressive one economist beamed that the island "got its groove on." Stock markets, aside from a downward blip here and there, have generally been buoyant. During this season of Thanksgiving and holiday cheer, there seems...

Author: /time Magazine | Title: The Lesson of Dubai: The Crisis Is Not Over | 11/30/2009 | See Source »

...problems, new ones are appearing as well. Fears continue to mount that the loose monetary policies put in place by central banks worldwide are creating potentially destabilizing increases in property and stock prices. "Asset bubbles could be the next fragility as the world recovers, threatening again to destroy livelihoods and trap millions more in poverty," World Bank President Robert Zoellick recently wrote in the Financial Times. Property-market analyst Nicole Wong at brokerage CLSA argues that Hong Kong may inevitably be heading for "another boom and bust" in its real estate sector, due to a combination of tight supply...

Author: /time Magazine | Title: The Lesson of Dubai: The Crisis Is Not Over | 11/30/2009 | See Source »

...followers traveled is retraced as part of the Hajj rituals which include making Hager's walk between Safa and Marwa, stoning the wall of Satan that tempted Ibrahim to defy God, slaughtering an animal in honor of the sacrifice that Ibrahim made to save his son and climbing the Mount of Arafat from which Mohammed made his last sermon...

Author: /time Magazine | Title: The Hajj | 11/25/2009 | See Source »

Republicans are now using Landrieu as a scapegoat to mount an attack on the ethics of Democrats, but they fail to see that Landrieu is actually a moderate trying to protect her constituency. In the new media age of sound bites, the idea of a “new Louisiana purchase’’ is more potent than trying to explain an anomaly in the Medicaid system to the body politic. It’s worth remembering, though, that the Louisiana Purchase wasn’t so bad for America...

Author: By Charles A. Lacalle | Title: Southern Justice | 11/24/2009 | See Source »

Perhaps the greatest tragedy, however, is the toll that this year’s election has taken on the UC’s image, already significantly diminished by other recent ventures such as last semester’s consideration of 45 Mount Auburn Street as a viable solution to the social space problem. We recognize that neither the UC nor its representatives directly caused the chaos surrounding this year’s election and that blame largely lies with the Election Commission. Moreover, the UC as a whole should be separated from the e-mail signed by McLeod...

Author: By The Crimson Staff | Title: Undergraduate Circus | 11/24/2009 | See Source »

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