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...Winehouse to the competition (well, if she was allowed to travel). Bilan, who has a hugely successful Timbaland-produced album, performed in an elaborate presentation that featured Olympic-champion figure skater Yevgeny Plyuschenko skating next to him. Bilan won the finals and afterward was congratulated by both Russian Prime Minister Vladimir Putin and Russian President Dmitri Medvedev. (See a pictorial tribute to the spectacular cheesiness of Eurovision...

Author: /time Magazine | Title: Eurovision in Russia: Politics and Pop Music | 3/16/2009 | See Source »

...this point, the troubles in the sub-prime sector seem unlikely to seriously spill over to the broader economy or the financial system." - in a speech on June 5, 2007 just months before the economy and stock market began to tumble as a result of the sub-prime mortgage crisis (New York Times, August...

Author: /time Magazine | Title: Federal Reserve Chairman Ben Bernanke | 3/16/2009 | See Source »

...days ago. On Tuesday, it will be 996 days ... The count is everywhere: on the front page of newspapers, on the TV nightly news, in school classrooms and in bright red numbers hanging from a tent that Shalit's parents have pitched outside the residence of the Prime Minister in Jerusalem...

Author: /time Magazine | Title: Can Israel Negotiate Freedom for a Soldier? | 3/16/2009 | See Source »

...means, in China, you don't have the real estate equivalent of "dine and dash": people don't abandon houses the minute they think the price level is lower than what they paid, leaving it to the mortgage company or the banks to sort out. There's no sub-prime, zero-percent-down U.S.-style debacle here...

Author: /time Magazine | Title: China's Own Version of the Real Estate Bust | 3/15/2009 | See Source »

...called fixed asset investment accounted for 40% of China's GDP last year - an extraordinarily high figure - and real estate, both commercial and residential, accounted for about one-fifth of that. Given that vacancies among office buildings are also rapidly rising now, this means that one of the prime drivers of growth in China has shifted into reverse...

Author: /time Magazine | Title: China's Own Version of the Real Estate Bust | 3/15/2009 | See Source »

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