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...reaction to China's market swoon was overwrought, and that this is not a replay of 1997. Rarely, if ever, has the global economy been stronger than it is now - one reason why so many stock markets have been so healthy for so long. If anything, what the Shanghai shock provided was a reason for investors - finally - to get real: relentlessly rising stock prices virtually everywhere had dulled their sense of risk to the point where "anything - somebody sneezing - could have triggered this," says Sean Darby, head of regional strategy at Nomura International in Hong Kong. "We've ignored risk...

Author: /time Magazine | Title: Behind China's Stock Meltdown | 2/28/2007 | See Source »

...Harvard portion of the 116 names on the 2007 Sloan fellow roster. Fryer, an associate professor, couldn’t contain his excitement when asked about the $45,000 sum. “Is that how much it is? Wow. Cool. I still have not gotten over the shock of winning,” he said. “I will certainly use the money to continue my work on racial inequality.” In an interview, Fryer also brushed aside rumors that he would be advising presidential hopeful Barack Obama on education. “I have decided...

Author: By Aditi Banga, CRIMSON STAFF WRITER | Title: Fellowship Honors Three Ec Profs | 2/28/2007 | See Source »

...prices dramatically," says Adams, explaining why a cropped suede jacket by Proenza Schouler for Target sells for $139.99 while a jacket from its own line is likely to be 10 times as much. Or why an elegant beaded bag by Rafe has a $19.99 price tag. It's sticker shock in reverse...

Author: /time Magazine | Title: Bull's-Eye Style | 2/27/2007 | See Source »

...possible Jolie was using her clothes to express a hint of conscience on the red carpet? While the very notion may still be a bit of a shock to the fashion world, it is just the gloss on the very surface of a trend that promises to infiltrate all levels of consumerism and design, one that analysts say is a wave of the future to the tune of billions and billions of dollars...

Author: /time Magazine | Title: Clean Sweep | 2/27/2007 | See Source »

Conservatism, as Russell Kirk defined it, is “negation of ideology: it is a state of mind, a type of character, a way of looking at the civil social order.” With antics that emphasize shock value over substance and mindless partisanship over thoughtful consideration, these CRs reject the fundamental tenets of civil conservative thought...

Author: By Christopher B. Lacaria | Title: A Grand Old Problem | 2/25/2007 | See Source »

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