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...assuming such a breakdown is averted - and recent government actions in the U.S. and Europe make that a plausible assumption - economic fundamentals, and productivity growth in particular, are going to matter a lot. Strong productivity growth makes inflation less of a threat, giving the Federal Reserve more leeway in battling recession. And because it enables more economic growth down the road, it could make it far easier to pay off the giant debts the Federal Government is incurring to save the banking system and the economy...

Author: /time Magazine | Title: The Economy Really Is Fundamentally Strong | 10/16/2008 | See Source »

...wins, Obama may partly owe the presidency to McCain's claim that our economic fundamentals are strong. But once in office, the winner's job will be made a lot easier if it turns out, as seems likely, that McCain was right...

Author: /time Magazine | Title: The Economy Really Is Fundamentally Strong | 10/16/2008 | See Source »

...strong financial system," says Ellen Schloemer, director of research at the Center for Responsible Lending. "But borrowers need to be helped too, and they have in large measure been left out of the rescue effort...

Author: /time Magazine | Title: Homeowners Ask: Hey, Washington, a Little Help? | 10/16/2008 | See Source »

...details here. But the bottom line is very strong - and very clearly shows how solid, diversified and growing Google is. And what about the future in this cataclysm of an economy? While CEO Eric Schmidt was characteristically measured and calm ("While we are realistic about the poor state of the global economy, we will continue to manage Google for the long term...") it looks like Google will emerge from Great Depression 2.0 bigger and stronger than ever. Spend some time with the balance sheet, and listen to Google's top execs - who jackjawed over an hour with analysts after...

Author: /time Magazine | Title: Behold! The Recession-Proof Google | 10/16/2008 | See Source »

...PARIS, FRANCE Crash Diet Wrapped in a brown apron as he greets visitors with a warm, booming voice, François Bonduel owns the kind of Parisian restaurant beloved by tourists and locals alike. But these days - with the euro still strong and economies seizing up around the globe - the foreign visitors that typically make up a third of Bonduel's clientele have been thinning out and spending less. To make matters worse, many French visitors to his restaurant, Au Bon Saint-Pourçain - a stone's throw from the Saint-Sulpice church in Paris' tony sixth arrondissement...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

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