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...that goes slowly in feeling its way down the road to currency flexibility. A large move could have tipped the scales toward the more disruptive option?always a risk for a global economy with such massive imbalances. That could have led to a precipitous decline in the dollar, a spike in U.S. interest rates, a collapse in the U.S. property market, a severe adjustment by the American consumer, and a worldwide recession. By moving gingerly, China minimizes the risk of going too far and triggering a hard landing in a U.S.-centric global economy...

Author: /time Magazine | Title: Give China Credit | 7/25/2005 | See Source »

WHAT'S THE STRANGEST THING SOLD ON AMAZON? You know bird spikes, those things you put on ledges and buildings to keep pigeons from landing? A friend of mine e-mailed me that he looked everywhere for them and found that Amazon had all different sizes. You can buy stainless-steel bird spikes, polycarbonate bird spikes. We have the whole bird-spike array...

Author: /time Magazine | Title: 10 Questions for Jeff Bezos | 7/24/2005 | See Source »

...messy situation. No one is denying that federal and state officials, under pressure to combat a spike in pain-killer abuse, are waging an escalating war on drugs that is spilling into the waiting rooms of neighborhood doctors. Over the past six years, more than 5,600 physicians from Alaska to West Virginia have been investigated on suspicion of "drug diversion." Some doctors allegedly prescribed narcotics too freely, while others issued them to patients who turned out to be dealers or addicts. More than 450 doctors have been prosecuted on charges ranging from illegal prescribing and drug trafficking to manslaughter...

Author: /time Magazine | Title: Why Is The DEA Hounding This Doctor? | 7/18/2005 | See Source »

...average person does, and she likes to say outrageous things, then break out into fits of throaty alto laughter to show you she's just joking. Rowling wears all black--a floppy black sweater, black pants. A glance under the table reveals shiny black leather boots with steel spike heels that are, at the very least, three inches long...

Author: /time Magazine | Title: J.K. Rowling Hogwarts And All | 7/17/2005 | See Source »

That meant making more ducks in China, Pakistan and elsewhere to lower costs. Springs can't always be cheapest, Bowles concedes. Instead she hopes that mirror manufacturing, or duplicating much of its product line domestically, will give the company a leg up. "If a customer has a spike in demand or a product starts to sell ahead of forecasting, it takes longer to get it if there's a 90-day supply chain from China," says Bowles. Her U.S. plants can ship in days...

Author: /time Magazine | Title: By a Thread | 7/7/2005 | See Source »

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