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...January. That followed an unnerving speech by someone many consider the great economic forecaster of our era, former Federal Reserve Chairman Alan Greenspan. On Feb. 26, he warned in a speech that investors couldn't rule out the possibility of a U.S. recession in 2007, noting that corporate profit margins "have begun to stabilize, which is an early sign we are in the later stages of a cycle." Most economists had figured the U.S. was downshifting from a growth rate of 3.5% to about 2%, but few had predicted a recession. Greenspan's warning was particularly chilling because the truth...

Author: /time Magazine | Title: Behind China's Stock Meltdown | 2/28/2007 | See Source »

...design. For those who have an inventive idea in the works, Friday’s “Entrepreneurship Forum Idea Competition” promises $150 prizes for the top four ideas. Segal said that this week’s events, and entrepreneurship in general, are not just for profit-seeking individuals. “The forum is not just for people interested in business,” Segal said. “Everybody has ideas...the world runs on new ideas...

Author: By Anthony J. Micallef, CONTRIBUTING WRITER | Title: Students Learn To Launch Start-Ups | 2/28/2007 | See Source »

...five years. Companies willing to operate in a country with high physical risks - insurgents regularly blow up pipelines and kill contractors - will be allowed to export their oil after paying the government a minimum 12.5% royalty, although there are usually also cash signing bonuses to the government, and most "profit oil," extracted after operating costs are met, would likely go to Baghdad. Regional governments - only Kurdistan has one right now - can sign their own contracts under the law, a dizzying change from decades when Saddam dictated the terms and stifled oil production in Kurdistan. A Baghdad-based Federal Council...

Author: /time Magazine | Title: Troubles for the Iraq Oil Deal | 2/28/2007 | See Source »

...goods is, for some, an investment that they expect will pay off in the future. But with tastes in fashion ever evolving, real estate markets in a slump and "it" vacation spots changing as fast as Paris Hilton's bff, there's less assurance that your investment will prove profitable. "If you want to go places, get looked after and have a real vacation, let somebody else make the profit on the real estate and take the risk," says Mitchell. After all, that's what the good life is all about...

Author: /time Magazine | Title: The Leasing Life | 2/27/2007 | See Source »

...Speaking via satellite link to a business conference in Hong Kong, he declared, "When you get this far away from [the last] recession, invariably forces build up for the next recession, and indeed we are beginning to see that sign." He added: "For example in the U.S., profit margins ... have begun to stabilize, which is an early sign we are in the later stages of a cycle...

Author: /time Magazine | Title: Did Wall Street Overreact? | 2/27/2007 | See Source »

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