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...will likely fare better than low-cost competitors. But securing credit remains a major problem for Hong Kong's small business community. "Right now we're facing trouble," he says. "The banks are advising us that they may have to tighten our credit. They're giving letters to warn us they may cut our credit in the future...

Author: /time Magazine | Title: Asian Stocks Rebound After Last Week's Record Rout | 10/13/2008 | See Source »

...Europe was looking askance not just at the U.S., but also at tiny Iceland, whose government on Monday completed what amounts to an emergency seizure of its oversized banking sector. Prime Minister Geir Haarde went on television Monday night to warn his compatriots that "the Icelandic economy, in the worst case, could be sucked with the banks into the whirlpool, and the result could be bankruptcy." That's not just talk: Iceland's GDP amounts to less than one-tenth of the total assets of its three biggest banks, all of which are in trouble. British financial authorities warned...

Author: /time Magazine | Title: Europe Struggles for a Response to the Bank Crisis | 10/7/2008 | See Source »

...before you decide to skip the flu shot this year, experts warn that results of flu studies like this are all about design. Depending on how a particular trial is set up - which populations are studied, which vaccine is used and how many subjects are included - the results can vary, and quite significantly. The Rochester study, for example, happened to look at the effectiveness of a vaccine during two seasons in which the flu strain included in the vaccine was not well matched to the predominant circulating strain that was making people sick. That could explain the lack of protection...

Author: /time Magazine | Title: Does the Flu Vaccine Really Protect Kids? | 10/6/2008 | See Source »

...most obvious culprits in a legislative meltdown that many warn could take the economy down with it were House Republicans, who had gotten an earful from their constituents disapproving of the bailout and had been strongly against it from the start. After scuttling the first proposed deal last week at a contentious White House meeting, saying they simply didn't have the votes, House Republican leaders forced a renegotiation of the bill, moving it further to the right to make it more palatable to their members. Then, after marathon talks over the weekend, an agreement was struck...

Author: /time Magazine | Title: Anatomy of a Legislative Meltdown | 9/30/2008 | See Source »

...Dressed in tan trousers, a blue blazer and a striped tie - the unofficial uniform of the small-town Chamber of Commerce - McCain cut quite a different figure from his opponent. He radiated toughness with an overlay of irritation. He tried to warn us two years ago that Fannie Mae and Freddie Mac were screwed up, he began, but did America listen? Now look at the trouble...

Author: /time Magazine | Title: Who Can Lead Us Out of This Mess? | 9/25/2008 | See Source »

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