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...raffish tales from the poet's short life, the odd misty-eye and, of course, haggis. "It's not just a night anymore, or even a week, it's a whole bloody month!" Tait complains, again unconvincingly, as he raises his glass for yet another toast. The former Morgan Stanley banker has taken well to his new line of work - last year Tait attended 11 Burns Suppers stretching into February. It's early January when TIME donned the de rigueur kilt to join him as a Burns Supper guest at London's illustrious private Caledonian Club. "A little island...

Author: /time Magazine | Title: The Bacchanal of Burns Night | 1/25/2008 | See Source »

...made the gesture of raising a drinking vessel to his mouth. I assumed this was an instruction to bring him coffee. In fact, he was proposing that we go to the pub, and by 11 a.m. we were at the Smuggler's Inn in the seaside town of Stanley. As word got around of Sinclair's whereabouts, uproarious characters - friends or contacts - began to stream in and a party ensued. Toward sunset, having drank steadily for the entire day and consumed no food besides peanuts and crisps, I was unconscious on a bench in the corner. Sinclair concluded my introduction...

Author: /time Magazine | Title: The Storyteller | 1/24/2008 | See Source »

...sharp, possibly year-long U.S. recession and a global slowdown. Despite Asia's torrid growth, consumers in China and India accounted for only $1.6 billion of the world's spending last year, a tiny fraction of the $9.5 trillion spent by Americans, according to Stephen Roach, head of Morgan Stanley's business in Asia. It's impossible to pull U.S. spending back without sending ripples through the rest of the world...

Author: /time Magazine | Title: Can the World Stop The Slide? | 1/24/2008 | See Source »

...long? Economists at Morgan Stanley believe the Fed rate cuts - past and future - are part of what it calls the "Great Global Monetary Easing of 2008," which will begin to spur a new round of worldwide growth next year. But getting from here to there is going to be painful. Demand for everything from iron ore mined in western Australia to toys manufactured in southeastern China is already slowing, because for the first time in decade, the "key driver of the global economy, the U.S. consumer, seems to have finally thrown in the towel," says Xie. If that's true...

Author: /time Magazine | Title: World Markets Catch a US Cold | 1/23/2008 | See Source »

...sharp, possibly year-long U.S. recession and a global slowdown. Despite Asia's torrid growth, consumers in China and India accounted for only $1.6 trillion of the world's spending last year, a tiny fraction of the $9.5 trillion spent by Americans, according to Stephen Roach, head of Morgan Stanley's business in Asia. It's impossible to pull U.S. spending back without sending ripples through the rest of the world...

Author: /time Magazine | Title: Can the World Stop the Slide? | 1/23/2008 | See Source »

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