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...lost roughly two-thirds of its value since hitting its peak last October. Even the Japanese developer of the Shanghai World Financial Center admits that a real estate slide has affected tenancy, with just 45% of the tower currently occupied. The hosting of the Olympics by Shanghai's northern rival added insult to injury, even if local papers hastened to note that Shanghai's athletes broke more world records than those from any other Chinese city...

Author: /time Magazine | Title: Postcard: Shanghai | 9/24/2008 | See Source »

...only you were Swiss, Fitz. This plan would rob me, and my rival No-Child-Left-Behind babies, of the last concrete and objective number we had to work toward in our endless upward crawl toward your door. Now we have to “focus on our subjects in school,” un-enroll from our 2009 Kaplan summer camp, and start Googling “micro-finance.” We aren’t all St. Francis, Fitz; plus that Kaplan deposit’s paid...

Author: By James M. Larkin | Title: From a Future Freshman | 9/24/2008 | See Source »

Amid the mounting financial crisis and growing worries about the economy, Democratic presidential nominee Barack Obama is making gains in the key swing states of Colorado, Michigan and Pennsylvania, while his Republican rival John McCain is holding his own in Montana and West Virginia, according to a new TIME/CNN poll, conducted by Opinion Research Corp...

Author: /time Magazine | Title: Poll: Obama Gains Ground in Swing States | 9/24/2008 | See Source »

...consensus candidate - a singular achievement in a party largely bereft of consensus. Motlanthe appears set to take the reins from Thabo Mbeki, whose resignation was demanded by the ruling party after a judge accused Mbeki's government of improperly interfering in the prosecution on corruption charges of his chief rival, Jacob Zuma. Zuma, who beat out Mbeki in a bitterly-fought campaign for leadership of the ANC last December, can't assume the presidency until next year's elections because he's not a member of the legislature. But he'll be happy to have the seat kept warm...

Author: /time Magazine | Title: South Africa's Next President? | 9/24/2008 | See Source »

...empire builder, and is generally viewed as one of the intellectual anchors of the Zuma camp - which has challenged Mbeki's market-oriented economic policies from the left. Still, the widespread respect enjoyed by the former political prisoner and union organizer has positioned him as a bridge between the rival factions, and the leader many see as the one best able to ensure a smooth transition to Zuma?s presidency...

Author: /time Magazine | Title: South Africa's Next President? | 9/24/2008 | See Source »

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