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...before the bust, the consumer accounted for almost 70%. With American shoppers now on the sidelines - the U.S. savings rate has soared from zero to nearly 7% in the past nine months as consumers have closed their wallets - the world desperately needs someone to step into that void. (Read "China Won't Ride to World's Economic Rescue...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

...boats and RVs have the same financing challenge as the auto industry. Many auto dealers had their financing yanked, forcing some out of business. Traditional lenders like GMAC aren't as available to boat dealers due to the credit crunch, and the SBA is there to "fill the void," Matz adds. The loans will range between $500,000 and $2 million for the pilot program, approved at least through Sept...

Author: /time Magazine | Title: Federal Help for Boat Dealers: All at Sea | 8/1/2009 | See Source »

...Valle believes that kind of pragmatism is exactly what is needed from the Tripartite Forum talks, whose program includes discussions of visas, financial regulations, education and, yes, the environment. "There's an absolute void there, so when you have a catastrophe like the New Flame [a cargo ship that collided with an oil tanker and sank off the Gibraltar coast in 2007], any initiative by anyone only produces more conflict," he says. "In that sense, any agreement that comes out of the talks will be better than what there is now, which is nothing." (See pictures of Spain's Madcap...

Author: /time Magazine | Title: Who Owns Gibraltar? Spain Takes a Step Onto the Rock | 7/21/2009 | See Source »

...monthly plans or embracing piracy to spark demand for merchandise. He also explains how charging even a penny can scramble consumer psychology and sketches a blueprint for competing with juggernauts, like Google, that have harnessed the force of a unique digit--"the hole where the price should be, the void at the till." The editor in chief of Wired magazine and best-selling author of The Long Tail, Anderson capitalizes Free into a concept whose meaning sometimes crumples under his sweeping pronouncements. By his calculation, however, a flawed book remains a savvy bet--not least because the publicity will boost...

Author: /time Magazine | Title: The Skimmer | 7/20/2009 | See Source »

...seemed to cling onto me when we hugged, seeking out my shoulders and back like a blind man. He was thinner, the lines around the edges of his mouth tightly drawn and determined southwards. Offering my consolations months after we had all attended the funeral seemed void of sincerity, and I wanted, so badly, to give him more than my sympathy. I wanted him to feel, despite the death of a woman he had served with patience and grace for more than half a century, that he possessed significance for me, that he was responsible for the person...

Author: By Esther I. Yi | Title: Entrusted | 7/8/2009 | See Source »

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