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...Minneapolis Districts, all of which experienced unusually wet weather. Corn farmers in the Midwest are still feeling the aftershock of a Nov. 1 bankruptcy in South Dakota (one of the nation's largest ethanol producrs). A global drop in cotton demand hurt the region's cotton farmers, who saw both a decline in prices and one of the smallest harvests in 25 years. Homebuilders in the Sixth District, which includes Alabama, Florida and Georgia, noted historically high inventory numbers, despite Florida's modest gains in real-estate sales last month. "On a bright note," the Fed describes construction companies...

Author: /time Magazine | Title: The Fed's Bleak Biz Report | 12/4/2008 | See Source »

...difficult relationship with the hired help. Henry Ford II fired everybody, says Noel Tichy, a professor at the University of Michigan's business school - including Lee Iacocca. Jacques Nasser, named CEO in 1999 to reinvent Ford, bought Volvo and Land Rover to create a luxury portfolio; he saw Ford as more than an auto company and tried to overhaul the culture. He was ousted in 2001 by Bill Ford Jr. - great-grandson of Henry - who took back the wheel for a couple of years...

Author: /time Magazine | Title: Is This Detroit's Last Winter? | 12/4/2008 | See Source »

...heard blasts because he figured there would be no hotel security or police at hand. He herded fellow guests into a secured room, but for two hours was unable to get any official information about what was happening. He and his team saved 150 people. An eyewitness who saw two gunmen walk toward Cama Hospital said that more than 30 minutes passed between the first blast he heard and the arrival of the police...

Author: /time Magazine | Title: India: After the Horror | 12/4/2008 | See Source »

...next saw Obama at his final stop before Super Tuesday in Boston, and then again at the Democratic National Convention in Denver. With each successive Obama-sighting, the crowds grew larger. The 80,000-person crowd that packed the bleachers at Invesco Field was a far cry from the small gathering in the Birmingham living room the summer before...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: Going Gaga for Obama | 12/3/2008 | See Source »

This election was an emotional one, on a variety of levels. It saw times of great joy as well as profound sadness. I’m sure many have a similar story to mine, but for the first time I’ve found a President (-Elect) that has a similar story to mine. And I think those pieces of shared narrative that he has with all of us is what will make him an effective President of the United States...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: Going Gaga for Obama | 12/3/2008 | See Source »

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