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...deficit comes from U.S.-based corporations selling products at home that were partly or entirely made in China. As a result, the trade relationship with China has become far more ingrained in the economic fabric of the U.S. than that with Japan ever was. Some evidence: in the first nine months of 2009, the global economic slowdown cut the U.S. deficit with Japan 47% compared with the first nine months of 2008. The deficit with China dropped just...

Author: /time Magazine | Title: U.S.-China Trade: Prepare for Continued Imbalance | 11/17/2009 | See Source »

When Congress wrote the Build America Bond program into February's $787 billion economic-stimulus bill, many predicted a flop. Nine months later, the municipal-bond program, which provides a federal subsidy to help states and other local governments raise funds, looks to be one of the economic recovery effort's biggest successes. Earlier this month, the volume of BABs, as they have come to be called, crossed the $50 billion mark...

Author: /time Magazine | Title: A Stimulus Success: Build America Bonds Are Working | 11/17/2009 | See Source »

...only 6% of spouses said they would cut back on gifts for each other, so in just two years the number of spendthrift spouses has increased almost nine-fold. "This holiday season, parents are telling us that they still worry about job security, and they are desperately trying to cut down on debts," says Beemer. Even the pooch may be getting better treatment than Pops. In a separate Consumer Reports survey, 22% of women who expected to reduce their holiday spending said they would be cutting back on gifts for their spouse. Only 14% said they would cut back...

Author: /time Magazine | Title: Thrifty Spouses Could Hurt Holiday Shopping | 11/17/2009 | See Source »

Junior diver Zac Ranta claimed the 3-meter dive with a score of 317.70 to finish the meet, bringing the Crimson’s total event victories up to nine...

Author: By Alexandra J. Mihalek, CRIMSON STAFF WRITER | Title: Mixed Results To Begin Fall Campaign | 11/17/2009 | See Source »

...also had seven assists, would score his first two points of the game on a tough lay-up a minute later. Freshman point guard Brandyn Curry followed with a gorgeous touch pass to Wright for a wide-open lay in, setting off a nine-point Crimson spurt to take a 34-30 lead into halftime...

Author: By Dennis J. Zheng, CRIMSON STAFF WRITER | Title: Second-Half Rally Helps Harvard Take Down Holy Cross | 11/16/2009 | See Source »

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