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...ironic that those emigrant Filipina mothers are in turn often bringing up a generation of motherless kids in rich countries - kids whose mothers return to work before their children are of school age; kids who spend long days with Filipina nannies as surrogate mothers. Few children - rich or poor, in whichever country - prefer gifts and toys to the presence of their mothers. In both cases, the mothers' drive to provide for their offspring financially seems to avoid the simplest of facts: parenting cannot be outsourced. Juliet Linley, Rome...

Author: /time Magazine | Title: Inbox | 12/4/2008 | See Source »

...When the rich suffer, so do the poor. Or so goes the trickle-down theory. It turns out, though, that the spreading of global financial pain is far from simple. The microfinance industry, for instance, may be resistant to some of the volatility now plaguing financial markets. That's because those who borrow in small amounts from micro lenders often work on projects unaffected by large-scale global banking travails. Recent studies have confirmed the robust reliability of borrowers at the bottom end of the global income scale. The world's poorest are affected, though, by commodity price volatility...

Author: /time Magazine | Title: Microfinance Still Hums, Despite Global Financial Crisis | 12/3/2008 | See Source »

Shortly after the 6 a.m. shift change, drilling crews start pouring into the Base Camp Café in Rifle, Colo. Business has been booming at the diner for much of the past few years as rising energy prices have increased exploration activity at the nearby natural-gas-rich Piceance Basin. Four years ago, the café moved to a new, 100-seat location to accommodate the crowds...

Author: /time Magazine | Title: Oil-Price Drop Forces Big Energy to Retreat | 12/3/2008 | See Source »

...Economics and one at Oxford University. “I’m really interested in politics of the media and the London School of Economics has one of the best politics of the media faculty. Also I want to study Chinese politics and Oxford has an extraordinarily rich China faculty,” Miller said. Miller, who is an inactive Crimson editorial writer, also reflected on the merits of the application process which he called “long, but worth it.” “You have to think about where you see your future going...

Author: By Sofia E. Groopman, CONTRIBUTING WRITER | Title: Four Students Win Marshalls | 12/2/2008 | See Source »

...other hand, a Martin surprise in this deep-red state would be a crowning embarrassment for the GOP. It would rival Obama's own victory as a repudiation of the Bush agenda of tax cuts for the rich, pork for the well-connected, belt-tightening for the working poor, drill-baby-drill, strict-construction judges and military adventurism - not to mention the political cynicism that made Chambliss notorious after his ads in 2002 comparing his opponent, triple-amputee Max Cleland, to Osama bin Laden and Saddam Hussein...

Author: /time Magazine | Title: What's Really at Stake in Georgia's Senate Runoff | 12/2/2008 | See Source »

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