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...South Dakota (one of the nation's largest ethanol producrs). A global drop in cotton demand hurt the region's cotton farmers, who saw both a decline in prices and one of the smallest harvests in 25 years. Homebuilders in the Sixth District, which includes Alabama, Florida and Georgia, noted historically high inventory numbers, despite Florida's modest gains in real-estate sales last month. "On a bright note," the Fed describes construction companies in Texas as "acting orderly and pragmatically, just waiting for things to bottom out" and "not behaving in a panic mode...

Author: /time Magazine | Title: The Fed's Bleak Biz Report | 12/4/2008 | See Source »

...hard to imagine the ECB pushing the quantitative easing boat as far into uncharted waters as the Fed has already done," said David Mackie, head of Western European economic research at JP Morgan, in a note to clients...

Author: /time Magazine | Title: Is Europe's Central Bank Missing the Crisis? | 12/4/2008 | See Source »

...Puns I note that Peter Baron, the inventor of the straw that adds flavor to a drink, was forced to call it the Sippahh because his original name, Suckahh, did not go down well in the U.S. [Nov. 24]. It occurs to me that as an Australian, he was probably keen to call his new straw, containing friendly bacteria, the Buggahh. D.C. Cardwell, Langwarrin, Victoria

Author: /time Magazine | Title: Inbox | 12/4/2008 | See Source »

...real Barack Obama deserves note, but it was the virtual i-Obama who so dramatically transformed the future of politics. With millions of online donors and millions of virtual phone bankers downloading call lists of voters in targeted states, and with the YouTube videos, watched by millions, that defined critical campaign moments, i-Obama is my choice...

Author: /time Magazine | Title: Person of the Year | 12/4/2008 | See Source »

...Wrangham said. Social constraints are then crucial to preventing this male violence. “The reason we are presented here with civilized men behaving well is because we live in a society with important constraints applied through education, through upbringing,” Wrangham said. Haig also noted the importance of judicial restraints to help combat this violence. Yet Braxton, at the end of the night, stressed moving beyond the legal realm. “We often move to policy, sanctions for bad behaviors, incentives for good things. But most of us as individuals don’t have...

Author: By Rachel A. Stark, CRIMSON STAFF WRITER | Title: White Ribbon Panel Discusses Rape | 12/4/2008 | See Source »

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