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...sheets and cash-flow statements for signs of stress that could lead to default. One Hong Kong businesswoman, who asked not to be named for fear of alarming already jittery creditors, says her bankers recently descended on her office to examine the books. "Next year will be the true test for a lot of companies," she predicts. "If there's no fresh money, there will be no other choice but to contract their businesses. If that happens, there will be lots of people without jobs...

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

...Just days after being removed from a U.S. blacklist of states that sponsor terrorism, North Korea told the International Atomic Energy Agency that it would resume dismantling its Yongbyon nuclear reactor and would welcome international inspectors, ending nearly two months of stalled talks and threats of a second nuclear test. The announcement drew praise from China, which had led disarmament negotiations among the U.S., North Korea and its regional neighbors. Meanwhile, officials in Pyongyang released a purportedly recent photograph of Dear Leader Kim Jong Il, in an attempt to refute rumors of his failing health. But experts in South Korea...

Author: /time Magazine | Title: The World | 10/16/2008 | See Source »

...18th year in the reservation jail for a variety of offenses tied to his drinking. "I had a major problem with being told what to do," he admits, "but I finally swallowed it." He cut his drinking to an occasional beer, qualified for college by passing a ged test and enrolled. "My record says I'm a drug dealer and gangbanger," he says. "But my transcript says that I'm getting all A's. I proved that people can change...

Author: /time Magazine | Title: Postcard from Chief Dull Knife College | 10/16/2008 | See Source »

...soared some 115% above 2004 levels, according to an analysis by the Washington-based Joint Center for Political and Economic Studies, which examines black issues. A record 70% of eligible black voters are expected to participate in the 2008 presidential election, a 20% increase from 2004. But the true test lies in battleground states like Ohio, Florida and Virginia, where blacks comprise a significant portion of the electorate. In Florida, for instance, blacks' share of the electorate is expected to rise to 15% from 12% in 2004, when only 44.9% of the state's black voters participated in the presidential...

Author: /time Magazine | Title: Is Obama Doing Enough to Get Out the Black Vote? | 10/15/2008 | See Source »

...deal with more than one thing at a time," he said, dismissing McCain's back-to-Washington gambit as an inability to multitask. Since he hasn't nearly as much experience handling a crisis as McCain does, he's used his campaign itself as a stand-in, one long test of nerves. He resisted calls to take a hatchet to Hillary Clinton a year ago; as McCain gained ground in September, Democrats demanded that Obama get hotter and meaner. But he barely touched the thermostat. It's hard for McCain to charge that we don't know who Obama really...

Author: /time Magazine | Title: The Temperament Factor: Who's Best Suited to the Job? | 10/15/2008 | See Source »

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