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...China's Hong Kong-owned factories, which employ 10 million people, could be shut down by early next year. That's a big concern to government officials, who will be hard-pressed to cope with a growing army of newly unemployed migrant workers. When Hong Kong toymaker Smart Union abruptly closed its doors in mid-October, hundreds of angry ex-employees crowded outside its shuttered factory in Guangdong province demanding unpaid wages. Says Lau: "I worry that the situation can't be improved...

Author: /time Magazine | Title: How Will China Weather the Financial Storm? | 10/23/2008 | See Source »

...free-market democracies. The U.S. and the world have seen worse times, and this one too will pass, pessimists and naysayers notwithstanding. To predict "the end of the American era," as Michael Elliott does, is both premature and foolish. The U.S. still has a huge population of highly educated, smart and hard-working people who continue to excel in innovation and industry. Readers who live outside the U.S., as I do, have only to look around them to see how American products and culture have influenced their life. That is not about to change in a hurry. Bhupi Singh, Adelaide...

Author: /time Magazine | Title: Inbox | 10/23/2008 | See Source »

...convincing Terminator imitation, "have a sto-gie.") On the hustings, Ventura regularly told audiences what pollsters could have warned him they didn't want to hear. At a rally at the University of Minnesota, he reminded students that he opposed expanding government subsidies for college tuition. "If you're smart enough to be here," he roared, "you're smart enough to get through it," meaning college. "Have we become that dependent on government?" When his opponents, once they recognized him as an actual threat, accused him of knowing nothing about running a $12 billion-a-year state government employing...

Author: /time Magazine | Title: Body Slam — Jesse Ventura | 10/22/2008 | See Source »

...would go over well in a state culture known, with both affection and derision, as Minnesota Nice. For Coleman's purposes, being safe and boring seemed especially wise when contrasted with the loud, funny, inexperienced and sometimes offensive Saturday Night Live alumnus he was running against. Franken is very smart, but he's the opposite of boring. And given his résumé, he couldn't exactly sell himself as safe...

Author: /time Magazine | Title: Races to Watch '08: Franken May Get Last Laugh in Minnesota | 10/22/2008 | See Source »

...lobbyist, state government official and bus driver, is entirely lacking in appeal. Says Steven Schier, political science professor at Carleton College: "[Barkley] doesn't have the sizzle. He's not cool. He's overweight, he's in his mid-50s and he's not particularly charismatic. [But] he is smart and articulate...

Author: /time Magazine | Title: Races to Watch '08: Franken May Get Last Laugh in Minnesota | 10/22/2008 | See Source »

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