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...under $10,000, has also suffered. "Like just about everyone in retail, our members have certainly been impacted by the recession," says Joe Lamond, CEO of the International Music Products Association, which represents instrument retailers. "Acoustic pianos and high-end guitars are discretionary purchases for most people, and in tough times these can be deferred until things look brighter." In such an environment, dealers are far more likely to offer discounts. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: String Theory: Investing in High-End Violins | 6/10/2009 | See Source »

Cabanillas, a key member of Garcia's APRA party and its presidential candidate in 1995, is routinely referred to at the Peruvian Margaret Thatcher for her tough stands. Administration sources say that she was the president's pick to become chief of staff in July, when Garcia starts the fourth year of a five-year term that ends in July 2011. That is now politically untenable. The ministers have claimed so far that they have no intention of stepping down and the administration, while saying it wants dialogue to end the tension, maintains that it will not modify the series...

Author: /time Magazine | Title: Peru's Deadly Battle Over Oil in the Amazon | 6/10/2009 | See Source »

...Shah Geelani, 79, a longtime separatist known for his hard standpoint on the issue of Kashmir, was quick to seize on the incident to mobilize protesters for his cause. He was arrested along with other key voices in the movement, most of whom have since been detained under a tough law called the Public Safety Act and shifted to jails outside the Valley. Several hundred average "troublemakers" have also been put behind the bars in the much-criticized sweep by police. Kashmir's chief minister Omar Abdullah has defended the action. "They took advantage of the tragic Shopian incident...

Author: /time Magazine | Title: A Violent Crime Resurrects Kashmir's Call for Freedom | 6/10/2009 | See Source »

...world is the Republican Party going to orchestrate its comeback if it's having such a tough time organizing the seating chart for one fundraising dinner? That, at least, is the question being posed by many amused spectators of the GOP's puzzling game of musical chairs it appears to be playing with Sarah Palin...

Author: /time Magazine | Title: The Governor Who Came to Dinner: Did the GOP Snub Palin? | 6/8/2009 | See Source »

...intensified in recent days as tensions on the peninsula have escalated. In late May, Pyongyang earned global condemnation by undertaking a second nuclear test, and now Kim Jong Il may be preparing another test of a long-range missile. Seoul's response to Pyongyang's actions has been unusually tough. After the nuclear test, South Korean President Lee Myung Bak agreed to join a U.S.-led effort to crack down on the proliferation of weapons of mass destruction. North Korea called Lee's decision tantamount to a declaration of war. "Many [South Koreans] now feel that the North has taken...

Author: /time Magazine | Title: Why South Koreans Are Fed Up With Their Neighbor to the North | 6/8/2009 | See Source »

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