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...China's huge currency reserves and its vast holdings of U.S. securities make it a key player in the U.S. financial markets. If the Chinese decided to shift any of their money out of the U.S. or the dollar, it would cause a huge upheaval, potentially sending the dollar skidding and hurting markets even further. For the moment, though, China hasn't given any hint that it's unhappy about owning rapidly depreciating U.S.-dollar assets. (The greenback has actually strengthened in recent days, but some caution that this is temporary...

Author: /time Magazine | Title: Behind the Global Markets' Meltdown | 10/8/2008 | See Source »

...victory they might win in this way is really quite Pyrrhic from an ideological standpoint: The yuppified Democrats would abandon labor unions and economic populism altogether, marginalize civil rights, and attract middle-to-upper class whites with a boring but effective message of competent governance. This strategic shift would only ignite another culture war, one perhaps just as divisive, fueled by the Oedipal resentment of pseudo-bohemian youth against their suburbanite parents. Given the choice, I’d choose the Confederate flag and NASCAR over Starbucks and league soccer...

Author: By David L. Golding | Title: Virginia Is For Others | 10/7/2008 | See Source »

...residency—has led the academy’s section on developmental and behavioral pediatrics. One of her major projects was helping to create the Community Pediatrics Training Initiative. In an interview Sunday, Palfrey stressed the link between medicine and public health, saying that she aimed to shift the focus of pediatrics toward prevention. “It’s important for doctors to realize how much family and social circumstances affect health care,” Palfrey said. “Without such awareness, we can miss causes for children’s problems...

Author: By Helen X. Yang, CONTRIBUTING WRITER | Title: Palfrey Elected Chief Of Pediatrics Group | 10/6/2008 | See Source »

...counteract the hardening environment, the McCain campaign has begun to shift strategy, hoping to change the subject from the economy's woes to questions about Obama's character and readiness to lead. Over the weekend, it unleashed a torrent of fresh attacks on Obama, including a claim by Palin on Saturday that Obama was someone who would "pal around with terrorists," a reference to Obama's limited relationship with William Ayers, a former violent antiwar activist who now works as a professor in Chicago. The claim, which is supported by campaign ads that ask "Who is Barack Obama?," follow...

Author: /time Magazine | Title: Can McCain Map Out a Comeback Strategy? | 10/6/2008 | See Source »

...with these potential sources of value production, then there isn’t much prospect for growth going forward.”Rangan also pointed to a new sense that businesses are not just accountable to their shareholders and customers.“This notion has undergone a dramatic shift,” Rangan said. “There is a much larger constituency that businesses have to deal with, including their own employees and the communities in which they operate. Businesses have learned that these are important stakeholders as well.”—Staff writer Prateek...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: At HBS, Doing Good—Not Just Well | 10/5/2008 | See Source »

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