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...sacrifices they will need to make during this economic free fall [Oct. 20]. But it is clear that such truth-telling is not what the American people want to hear, nor does such directness help the candidate during an election campaign. In August, in the midst of the oil-price surge, Obama tried to suggest to Americans that maintaining inflated tires could conserve fuel. The suggestion, backed by experts, was mocked by the McCain campaign. Clearly Obama learned the lesson of Walter Mondale's attempt to tell the truth in 1984 about the need to raise taxes. Steve Charing, Clarksville...

Author: /time Magazine | Title: Inbox | 10/23/2008 | See Source »

Local businesses blossomed with this growth, but they are now seeing the swoon. At one end of Greenwich's High Street is the Green Baby store, which sells Earth Friendly Baby organic chamomile shampoo and diaper balm made from sweet-almond oil and shea butter. A short walk away is the Greenwich Park Bar & Grill, where a burger made from "Kobe" beef raised on a farm in north Wales will set you back $33. At the Nevada Street Deli, which serves up smoky cheese from County Cork and freshly made poached-salmon sandwiches, owner Laura Heap says she's already...

Author: /time Magazine | Title: London Falling | 10/23/2008 | See Source »

...romantic idea that artists have to be poor." Not anymore: prices have risen as much as 1,000%, and top works can command up to $200,000. Ayyam Gallery is expanding to Dubai and Beirut and has an exhibition in New York City. Many buyers aren't megarich Saudi oil princes but wealthy Syrians with newfound avant-garde tastes and an eagerness to promote their culture. "People like to say our culture is thousands of years old, but as a country, we're just about 50 years old," says Samawi. "We've had our trials and errors...

Author: /time Magazine | Title: Postcard from Damascus | 10/23/2008 | See Source »

Beneath the froth, Syria's financial picture is still grim. Oil production--which once accounted for 90% of government revenue--is on the decline. Inflation has rendered unsustainable the food and fuel subsidies on which millions of poor Syrians depend. Enter President Assad, who Syrians hope can help attract much needed foreign investment. Once persona non grata in the West, Assad is more secure than ever at home and abroad. The violence that followed U.S. regime change in Iraq has raised his profile in a region where stability is often valued over freedom. In August, French President Nicolas Sarkozy became...

Author: /time Magazine | Title: Postcard from Damascus | 10/23/2008 | See Source »

...past year, Hershey's and Mars--which claim two-thirds of the U.S. chocolate market--have shifted focus from mass-market bars to upscale gourmet in order to shore up profit margins. That's bitter news for some: to cut costs, Hershey's recently replaced cocoa butter with vegetable oil in several products, which is why the labels on Mr. Goodbar, Milk Duds and Krackel now have to say things like "chocolatey" instead of "milk chocolate." But even as the king of American candy cheapens its low-end stuff, Hershey's--which saw its quarterly profit double recently--is diving...

Author: /time Magazine | Title: Chocolate, Meet Choco-Luxe | 10/23/2008 | See Source »

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