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...former chief economist at the IMF, believes Asia is not immune to a sharp U.S. slowdown, although he says Europe may be better insulated because of its big internal market, which now covers 490 million people. But he also points out that, until the early 1990s, Japan was a vital source of global growth that virtually disappeared during the country's prolonged economic slump. "It turned out to be no big deal because the world adapted," Rogoff says. "If U.S. growth falls to 1% and stays there for three years, it would be painful at first, but over time others...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

...Wider adoption of e-prescribing could lead to further efficiency in medical record keeping, which many believe is vital to both improving health care delivery and lowering costs. "Electronic prescribing could be an on-ramp for physicians beginning to use a full-featured electronic medical records system," Hutchinson says. "That's the holy grail...

Author: /time Magazine | Title: Cause of Death: Sloppy Doctors | 1/15/2007 | See Source »

...that in mind, Gordon, if you're called on to write wsj.com's review of TIME's coming relaunch.) Shorn of a couple of inches of width (so long, sixth column), and with space for advertising carved out of the front page, the Journal now seems less serious, less vital, almost (gulp) optional...

Author: /time Magazine | Title: Critiquing the New Wall Street Journal | 1/9/2007 | See Source »

This issue contains some new sections and departments that reflect our determination to bring you a regular roster of voices and experts on the most vital ideas and subjects under the sun. We are inaugurating a regular history section, which will put today's news in the context of relevant historical events. Our first section was penned by the great modern historian and Harvard University professor Niall Ferguson, who shows how an act of terrorism in 1914 sparked a worldwide fiscal crisis, and wonders whether history could repeat itself...

Author: /time Magazine | Title: A Changing TIME | 1/6/2007 | See Source »

...enemies around the globe, since they would seize the opportunity to wreak more havoc in the area and worsen America’s exit. If sectarian violence were to reach a feverish pitch leading up to the set deadline and the presence of American troops became even more vital for regional stability, then exiting might further stir trouble at home and lead to a more disillusioned citizenry. Ultimately, a deadline would clearly paint a pathetic image of a frail America that would permeate the Middle East and the rest of the world, only leaving room for a Vietnam-like withdrawal...

Author: By Ana I. Mendy | Title: Take It or Leave It | 1/6/2007 | See Source »

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