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...That realization is causing a rapid shift in economic policies by governments that are increasingly concerned about maintaining growth. A few months ago, the biggest threat appeared to be inflation - running at double-digit rates in countries including Indonesia, India and Vietnam - which led Asian central bankers to hike interest rates, hoping to cool off overheating economies and keep a lid on rising costs. But inflation worries have eased with recent sharp declines in the prices of oil and other commodities. Now policymakers are opening the money taps again. In September China's central bank lowered its key interest rate...

Author: /time Magazine | Title: Asia's Good Times at Risk | 10/2/2008 | See Source »

...amid all of the gloom, many Asians can't help but remain optimistic. After decades of rapid growth, it seems impossible to some that new jobs and rising incomes will somehow suddenly vanish. Gao Yajun, a 26-year-old Beijing photographer, sees opportunity in crisis. "My hunch is that it might turn out to be a golden opportunity to make money," he says. That spirit may be Asia's best protection against America's problems...

Author: /time Magazine | Title: Asia's Good Times at Risk | 10/2/2008 | See Source »

...documented the resurgence of TB in seven countries. Turning back the epidemic will require not just newer and more effective drugs but also better ways to detect the disease and a renewed commitment to expanding existing TB-treatment programs. In June the World Health Organization (WHO) recommended a new, rapid test for TB that can provide results in as little as two days. But for most TB-ravaged nations, adopting the technique will require upgrading lab facilities. That's not easy, but it's something WHO hopes will ultimately help these countries battle not just TB but other infectious diseases...

Author: /time Magazine | Title: The Forgotten Plague | 10/2/2008 | See Source »

...standards of those Americans conditioned by late-night comics to think of Palin as an inarticulate idiot incapable of putting coherent sentences together or understanding basic policy questions, she succeeded enormously. She had a solid 90 minutes of rapid, confident discourse and kept herself from being the story of the night (as well as the constant punch line of the election season). Improved her image and partially turned the page on McCain's bad two weeks, enabling the Republican-ticket team to try to regain some footing in a contest that has been steadily slipping away - but didn't revolutionize...

Author: /time Magazine | Title: The Vice-Presidential-Debate Report Cards | 10/2/2008 | See Source »

...Rapid inflation “forces [poor] families to make tough choices: whether to keep their child in school or to feed him or her,” said Offenheiser...

Author: By Elias J. Groll, CONTRIBUTING WRITER | Title: OxFam President Weighs Food Crisis | 9/30/2008 | See Source »

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