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...pressure the Bush Administration put on Beijing to increase the value of the renminbi (RMB), which increases the price of Chinese-made goods in export markets and thus in theory should help diminish China's massive trade surplus, the U.S. Treasury has never formally cited China for currency manipulation. Doing so under U.S. law would compel the White House to open formal negotiations with China over its currency policy. Trade hawks in Congress, pushed by union allies and some manufacturing lobbies in Washington, have long pined for this. But the Bush Administration resisted, preferring to fold the currency issue into...

Author: /time Magazine | Title: Behind Geithner's China-Currency Charge | 1/23/2009 | See Source »

...strident when asked (only once) about the health of CEO Steve Jobs, who recently announced he was going on a medical leave of absence until June. Jobs, who was diagnosed with pancreatic cancer in 2004, has been looking emaciated since a public appearance during the summer, and the stock price has whipsawed on sporadic rumors that the disease has recurred...

Author: /time Magazine | Title: Apple Stock Surges On Upbeat Earnings Report | 1/22/2009 | See Source »

...WilderHill New Energy Index - a fund that tracks the stock performance of selected clean tech companies - is down more than 60% since its peak in November of 2007, slammed by the double blow of the loss of venture capital and the reduced urgency for energy alternatives as the price of oil has tumbled. Clean tech startups have already shed jobs, and weaker ones are certain to go under. "The financial crisis has hit us harder than anyone would have imagined," says Marcel Brenninkmeijer, the chairman of Good Energies, a global clean tech investment fund. "We just can't get financing...

Author: /time Magazine | Title: Will Green Enterprises Survive the Economic Crisis? | 1/22/2009 | See Source »

...Mouse King is killed and the Nutcracker prevails. He takes Clara to the Enchanted Forest ruled by the Snow Queen and King, danced by Lia Cirio and Pavel Gurevich with wonderful virtuosity and panache. The sets by Helen Pond and Herbert Senn were well worth the price of admission and generated audible awe at the rise of the curtain for the second act. The second act might be the one realm in the ballet trajectory that is familiar to almost everyone. Anyone can hum along to the Russian dance, even as Jared Redick wows with a series of split jumps...

Author: By Erica A. Sheftman, CONTRIBUTING WRITER | Title: A Classic Holiday Ballet | 1/22/2009 | See Source »

...core question is whether Bolivia's lithi-leverage will eventually drive up the price of those batteries, which can already add about $10,000 to the cost of a car. Experts say that as production of the lithium-ion packs increases, they're actually getting closer in price to cheaper but less effective nickel-based batteries. Still, a big factor will be whether the demand for them rises as much as anticipated. "It is difficult to predict just how many electric vehicles we will see in the market," says Jennifer Moore, a spokeswoman for Ford, which hopes to have...

Author: /time Magazine | Title: For Lithium Car Batteries, Bolivia Is in the Driver's Seat | 1/22/2009 | See Source »

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