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...Bank, too. Figures released on August 6, for instance, showed a shocking 2.9% fall in German manufacturing orders in June. The country, fuelled by a booming market for its exports, has lately helped drive growth in the 15 nations that use the euro. Rendered more costly by the recent strength of the currency, those exports are under pressure. The result: though inflation within the euro area stands at 4.1% - more than double the ECB's goal of 2% - the region's central bank announced earlier this month it, too, would keep rates on hold. "Both the ECB and Bank...

Author: /time Magazine | Title: The Credit Crisis Spreads to Europe | 8/11/2008 | See Source »

...Puerto Rico's drubbing of the U.S. drained the team for the rest of the tournament. The Americans shut down China's guards - Bryant kept his vow to play D, applying choking pressure on Chinese point guards. The U.S. also caught a break; Yao Ming wasn't at full strength. Coming off a foot injury that ended his Houston Rockets season, Yao was slow and tired, often lingering behind on the fast breaks, doubling over to catch his breath. Though he sank a three-pointer for the first bucket of the game, sending the crowd into ecstasy, he finished with...

Author: /time Magazine | Title: US-China Hoops: Everyone Scores | 8/10/2008 | See Source »

...everybody agrees. "If one just reads these entries," says Crick, "one would get a very puzzled view as to what sort of person he was, and one would miss all the strength of his political criticism, all the strength of his literary criticism." Most of the diary entries, he says, are mundane notes, very few of which were ever then used as the basis of Orwell's more serious writing...

Author: /time Magazine | Title: Should George Orwell Blog? | 8/8/2008 | See Source »

...largest-scale terrorist strike by a sub-state group in history and the bloodiest such attack on American soil. In its aftermath, the immediate uncertainty created understandable panic. Was this the first of a wave of attacks, or was this an isolated event? Was Al Qaeda mustering the strength for an even larger-scale attack, or had it used all of the weapons in its arsenal...

Author: By Joanna Naples-mitchell | Title: An Inescapable History | 8/8/2008 | See Source »

...played into the notion that he wasn't a very good debater and that McCain was at his best in town meetings--an argument with elements of truth but also a fair amount of mythology. Obama has command of more facts on more issues than McCain does; McCain's strength at town meetings feeds off friendly crowds who roar at the jokes he's been telling for years. Obama's demeanor will show well on the debate stage; McCain's feistiness may not. And so Obama would be wise to change course now: challenge McCain to town-hall debates...

Author: /time Magazine | Title: Open to Debate | 8/7/2008 | See Source »

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