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...sudden, precipitous drop would almost certainly signal the beginning of a recession, since in many ways consumer confidence in the economy is the result of self-fulfilling prophecies: financial anxieties on Wall Street and frantic election-year politicking over the economy aren't really the kinds of things that buck up everyday spenders. But other factors now present in the economy affect popular thinking as well: energy costs, inflation, credit markets and job availability. Thus, the spectacle of Monday's roller-coaster ride on Wall Street may be just one more push toward the point when Americans start to pocket...

Author: /time Magazine | Title: Consumer Confidence: A Key Recession Signal | 10/6/2008 | See Source »

...Conservation of Nature (IUCN) and published Oct. 6 in Science, an estimated one out of four mammals is threatened with extinction. The populations of about half the 5,487 known species of mammals in the world, on land and in the water, are dwindling each year. "Our results paint a bleak picture of the global status of mammals worldwide," the study's authors wrote in Science. "Within our lifetime, hundreds of species could be lost as a result of our own actions," said Julie Marton-Lefevre, the IUCN's director-general, at the organization's annual congress in Barcelona...

Author: /time Magazine | Title: The Last of the Tasmanian Devils (and Other Critters) | 10/6/2008 | See Source »

...step up and fill in. After winning their B-division race last week, Lambert was moved up to division A and DeAngelo manned the fort in division B, skippering for the first time all season. Despite their talent, signs of youth showed in this match, and as a result, skipper Lambert and her crew Wareham finished 12th while DeAngelo and sophomore crew Grace Charles finished tenth out of 16. “It was kind of a frustrating weekend, but the fact that we had some good races showed us that we have a lot of potential to really...

Author: By Kevin T. Chen, CONTRIBUTING WRITER | Title: Road Regatta Stretches Crimson Thin | 10/6/2008 | See Source »

...larger scale, this threat to the NBA exemplifies the darker side of globalization. While the benefits to these players—and the world basketball market generally—may increase as a result of their going abroad, there are inevitable costs. As a fundamentally American sport, born in Springfield, Mass. in 1891, moving players from their fan base would destroy the game at its popular epicenter Also, the move indicates the state of today’s economy. With an exchange rate that has fluctuated around $1.50 for every Euro, these foreign organizations have the purchasing power to offer...

Author: By Marcel E. Moran | Title: The NBA’s Euro-Trip | 10/6/2008 | See Source »

...result was a $15 million security upgrade that included raised concrete flower beds, six-foot-high blast walls, guard shacks and traffic-blocking structures. Enhanced screening facilities were also introduced to catch suicide bombers. Yet all those physical measures - which must be removed as part of the move - have not entirely resolved the embassy's security challenges...

Author: /time Magazine | Title: US Embassy in London to Move Down-Market | 10/6/2008 | See Source »

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