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...slump in exports has pretty grim implications for the country's manufacturing boomtowns, and the pain is already being felt. Stanley Lau, deputy chairman of the Federation of Hong Kong Industries, estimates that export orders at some 70,000 factories owned by Hong Kong companies in southern China have declined 5%-10% this year compared with 2007. Recent months have seen a first wave of bankruptcies and closures among the tens of thousands of factories in industrial zones from Guangzhou to Shanghai that make toys, jeans and PCs bound for U.S. retailers...

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

...ACORN, the AFL-CIO, organized crime, the Comintern and the New York Times--are going to stuff every urban ballot box from Miami to Chicago with fraudulent ballots cast by phony, made-up repeat voters. The Democrats fear that the Republicans--aided by the League of Snarling 'n' Sweaty Southern Sheriffs, Wal-Mart, Fox News, Dick Cheney and the ghost of J. Edgar Hoover--are going to use legal shenanigans, menacing hired goons and a vast army of pseudofascist Christian activists to deny millions of innocent Americans their right to vote...

Author: /time Magazine | Title: Here Be Monsters | 10/23/2008 | See Source »

...harsh reality: plenty of homeowners are never going to be able to pay for their houses, no matter how generous the terms, because someone - the homeowner, the mortgage broker - lied about or simply ignored income and assets. Cena Valladolid, chief operating officer for Consumer Credit Counseling Service of Southern Nevada, says more than half of the homeowners who seek help from her nonprofit are living in houses they never had a realistic shot of affording. The best advice she can offer in the depressed Las Vegas real estate market is to ask the lender to allow a short sale...

Author: /time Magazine | Title: It's the Housing Market, Stupid | 10/21/2008 | See Source »

...cresting of the electoral push back against gay-friendly court rulings. But it's still too early to tell. A string of opinion polls shows that Californians are ready to embrace gay marriage. Of seven bipartisan, statewide polls cited by the Initiative & Referendum Institute at the University of Southern California law school since May, only one gives the advantage to supporters of Prop. 8. But that poll, by SurveyUSA, also happens to be the most recent; released on Oct. 6, it shows the anti-gay-marriage campaign ahead...

Author: /time Magazine | Title: California and Beyond: The Battle over Gay Marriage | 10/21/2008 | See Source »

...eight weeks of training may root out some corruption, but it is not enough to bring security to the insurgency-wracked villages of southern Afghanistan. Afghan police are only lightly armed. They carry AK-47s, and each truck is mounted with a Russian light machine gun. In Bala Beluk, Khodaydad's forces routinely face insurgents armed with an arsenal of mortars, rockets, rocket-propelled grenades, armor piercing rounds and increasingly sophisticated Improvised Explosive Devices. Between March 2007 and March 2008 police casualties hit 1119, according to the Ministry of the Interior. Afghan National Army deaths, by contrast, were...

Author: /time Magazine | Title: Policing Afghanistan | 10/21/2008 | See Source »

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