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...Just as important is the current slump for so-called "sub-prime" lenders - who service borrowers with damaged credit ratings, typically on the lower end of the income scale. The shares of companies that specialize in such loans has fallen as default rates have risen...

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

...flourishing, spurred on by Vietnam's robust growth, optimism surrounding the country's recent entry into the World Trade Organization, and the rapid rise of sanctioned stock markets. Last year, the VNIndex, which tracks the prices of all of Vietnam's publicly traded companies, jumped 144% and has risen another 44% this year. But the legitimate market is small and illiquid-the Ho Chi Minh Securities Exchange has just 109 listed companies, up from 30 at the beginning of 2006-and there are not enough shares to feed the growing mania for stocks. Nguyen Vinh, a 36-year-old accountant...

Author: /time Magazine | Title: Vietnam's Market Madness | 2/22/2007 | See Source »

...well as Iranian-funded Shi'ite seminaries for the escalation of Sunni-Shi'ite violence that has claimed more than 4,000 lives in the past two decades. In the latest attacks, three separate suicide bombings killed 21 during the Ashura rituals in January. In Lebanon, sectarian tensions have risen after years of relative calm. Hizballah, the Shi'ite militia, won praise from Sunnis when Israeli forces left Lebanon in 2000. But after the assassination in February 2005 of former Prime Minister Rafiq Hariri, a Sunni, intra-Muslim antagonism began to harden. Sunnis blamed Hizballah's patron, the Syrian government...

Author: /time Magazine | Title: Behind the Sunni-Shi'ite Divide | 2/22/2007 | See Source »

...average annual tuition and fees for a private college exceeded $22,000—a 200 percent rise over the last 30 years. Meanwhile, the real income of the median U.S. household has only risen 30 percent; today, only half of all households have incomes that exceed the average private college tuition. At the same time, entry-level pay in many fields (including public service) has declined since the early 1970s, while housing costs have escalated sharply, particularly in major cities, where many of the public service jobs are located...

Author: By Neil Howe and William A. Strauss | Title: A Generational Imperative | 2/22/2007 | See Source »

...Middle East for decades prior to 1991. But more than a decade of international sanctions followed by years of war since 2003 have left health care in Iraq little better than many of the least developed countries in the world. Infant mortality, a key indicator of public health, has risen in Iraq since the U.S. invasion of 2003. The most recent statistics from the Iraqi Health Ministry puts infant mortality at 130 deaths per 1,000 births, up from 125 deaths per 1,000 births in 2002. Perhaps most tellingly, life expectancy in Iraq is now is only...

Author: /time Magazine | Title: Minding the Emergency Rooms of Iraq | 2/20/2007 | See Source »

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