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...manage to throw a spotlight on a major, if little-understood, factor behind the current international fuel crisis. In the past, when gas prices spiked, notably in the late 1970s, the problem was caused by high crude oil prices. This month, as global gas prices took a steady upward march in the wake of Hurricane Katrina, the price of crude oil - although still high by recent standards - was actually falling. That's because the real problem isn't crude oil prices. Crude oil is useless unless it is refined into the products we really need - gasoline, heating...

Author: /time Magazine | Title: Refining the Problem | 9/18/2005 | See Source »

...Another sign of trouble: foreclosures are going up about 10% from a year ago, according to a survey released this week by internet database Foreclosure.com. This marks "an uncharacteristic upward trend throughout the summer months," says Brad Geisen, president and CEO of the online service. "More significantly, we're seeing an increase in foreclosures in a majority of states. These blanket increases may indicate that factors such as weakening sustainable home ownership and the volatility of the housing market are beginning to add to geographic economic factors that contribute to foreclosures...

Author: /time Magazine | Title: Interest Rates and Your Real Estate Options | 8/9/2005 | See Source »

Gimmicky? You bet. But the program, in stark contrast to shows like the staid, departed Wall Street Week, is a clear success. Mad Money has boosted viewership in its 6 p.m. E.T., weekday slot 74%, to 176,000, and is on an upward trajectory. Cramer has the network's highest-rated program in a slot that had been home to its lowest. Pleads program developer Susan Krakower: "Find me another Cramer, please...

Author: /time Magazine | Title: Stock-Raving Mad | 8/8/2005 | See Source »

...does not want to risk overkill by crushing exports. Collectively, fixed investments and exports account for 80% of China's GDP, and they are both still growing at close to a 30% annual rate. China's boom would quickly turn into a bust if both slowed sharply. A small upward adjustment of the currency should reinforce the modest slowing of Chinese exports that was already in the cards. China's leadership will most likely adopt a wait-and-see stance as far as further currency moves are concerned. If GDP keeps surging at its current 9.5% rate, policymakers will probably...

Author: /time Magazine | Title: Give China Credit | 7/25/2005 | See Source »

Bowing to realism, summer internships involve mostly up-front deposits in the Bank of Upward Mobility, with withdrawals to be made later: fast cars, slower women, issues of The New Yorker that recline, untouched, with a distinguished air on the coffee table until they are casually replaced the following week...

Author: By Matthew A. Busch, | Title: Bucolic Bacchanalia | 7/1/2005 | See Source »

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