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...Federal Reserve announced Wednesday afternoon that it was lowering its target short-term interest rate to 1%. Big deal. Almost everybody was already expecting the half-point rate cut that the Fed delivered, and the actual federal-funds rate (as opposed to the target rate) has mostly been below 1% for the past three weeks anyway. The stock market's reaction? A yawn, as the Dow closed down 74 points...

Author: /time Magazine | Title: What the Fed's New Interest-Rate Cut Really Means | 10/30/2008 | See Source »

...next time you’re at Target, remember to pass on the pink bean bag chairs...

Author: By Sha Jin, CRIMSON STAFF WRITER | Title: Pimp My Dorm Room | 10/29/2008 | See Source »

...first glance, the Keystone State doesn't seem like an obvious target for McCain and his running mate, Alaska governor Sarah Palin. Pennsylvania has been a reliably Democratic state in the past four presidential elections, it now has a million more registered Democrats than Republicans, and Obama can depend on strong support in its two biggest cities, Philadelphia and Pittsburgh. Polls show the Democratic nominee with a commanding lead of anywhere from 7 to 14 points in the state, up from a near tie in mid-September...

Author: /time Magazine | Title: How McCain Thinks He Can Win Pennsylvania | 10/29/2008 | See Source »

...seeing common threads of what got these companies into trouble, so they are applying what they know to the news headlines," says Weisser. Similarly, David Smick's book The World is Curved: Hidden Dangers to the Global Economy reached shelves a month ago. The material is right on target, although the title could have used a tweak - dangers to this economy are anything but hidden...

Author: /time Magazine | Title: The Next Wall Street Tsunami — of Financial Books | 10/28/2008 | See Source »

...drive north of Orlando. Sanford's demographics are attractive: its population grew 27%, to about 50,000, between 2000 and 2006. Within a few miles of downtown, Tunis says, are households boasting annual incomes of $30,000 to $250,000. That's partly what has attracted retailers like Target, Wal-Mart and Lowe's. "You name the retailers, we've got them," Tunis says. "But we've been underserved by grocers...

Author: /time Magazine | Title: Aldi: A Grocer for the Recession | 10/28/2008 | See Source »

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