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...shortages. On Oct. 9, U-Right, a clothing retailer with about 100 outlets in Hong Kong and another 500 in China, was forced to liquidate after it could not meet bank demands to repay its debts. Analysts say the company borrowed too much and expanded too fast in the rush to catch China's economic wave. As the global economy slows, that's likely to become a familiar refrain - and as a result, lenders are increasingly scrutinizing their customers' balance sheets and cash-flow statements for signs of stress that could lead to default. One Hong Kong businesswoman, who asked...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

...worthy goal—it is important that voters are informed about the person for whom they cast their ballots. But if the process of debunking entails alienating and even implicitly vilifying part of the population, it is time to reconsider one’s tactics. In his rush to get the “facts” straight, Obama, along with McCain and the media, has only reinforced the infuriating notion that Muslims are something less than true Americans. This election has been a celebration of diversity on issues of race, gender, and geography—why not religion...

Author: By Jessica A. Sequeira | Title: The Sound of Silence | 10/16/2008 | See Source »

...investors have to be compensated for the increased risk. In particular, traders say, the move in the past week by the Federal Deposit Insurance Corp. to temporary offer unlimited deposit insurance for non-interest bearing accounts and guarantee roughly $1.4 trillion in new unsecured bank debt has caused a rush of selling of the bonds of Fannie and Freddie. That's because the FDIC's move makes bank debt more attractive at a time when traders are looking for safety. Sheila Bair, the head of the FDIC, was initially against backing this new bank debt, but eventually went along with...

Author: /time Magazine | Title: The Bank Bailout's Side Effect: Rising Mortgage Costs | 10/16/2008 | See Source »

...assassination in JFK; and, in Nixon, the life of the only President to resign his office. All those subjects allowed for a certain ambiguity, but Stone - a dramatist first, dispassionate chronicler never - pushed political views that might have been lopsided but usually resulted in terrific films with an adrenaline rush...

Author: /time Magazine | Title: Oliver Stone's Verdict on George W. | 10/13/2008 | See Source »

...echo throughout the entire gallery. When a recognizable noise breaks through—whether it be a gunshot or a trumpet announcing the beginning of a march—the sound is surprisingly comforting. At times this coincides with violence in the movie’s remains. When cowboys rush through Native American camps, they leave behind a residue of smudged color. A teepee is gradually erased by remnants of cowboys and horses, paralleling the real devastation in the West while also maintaining a self-referential quality, reminding the viewer of the damage caused by reckless adventures in the digital...

Author: By Madeleine M. Schwartz, CRIMSON STAFF WRITER | Title: Lossless Blurs Lines Between Old, New | 10/9/2008 | See Source »

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