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Talk is cheap, and economists and laymen alike have a strikingly poor record of predicting recessions. But there are good reasons to be concerned that the economy is weakening. They involve struggling banks, the collapsing housing market, the volatile stock market, oil prices, the weak dollar and lots of nervous investors in far-off lands. All of which relate back to the financial condition of the people swarming the nation's malls...

Author: /time Magazine | Title: Bracing for a Recession | 11/29/2007 | See Source »

...expansions like Paraguaná's and spend that money on socialist programs and other political pursuits. In a bravado performance at a Nov. 18 meeting of the Organization of Petroleum Exporting Countries (OPEC), Chávez and his new best friend, Iranian President Mahmoud Ahmadinejad, mocked the U.S. and blamed the weak dollar, not Venezuelan production capacity, for the high price of oil. "The fall of the dollar is not the fall of the dollar," Chávez crowed. "It's the fall of the American empire...

Author: /time Magazine | Title: Is Chavez Taking Too Many Oil Risks? | 11/29/2007 | See Source »

...from Indonesia to Germany and embraces both secular and religious causes. Perhaps the most profound facet of Richardson’s work is her documentation of the continuity of terrorism.Despite the breadth of terrorist groups that Richardson examines, she is able to isolate terrorism as the preferred means for weak sub-state groups to challenge powerful geopolitical entities. Richardson argues that terrorists strive for revenge, renown, and reaction. Terrorists have long been unable to inflict large numbers of casualties, instead exacting their revenge by causing panic and fear. The most popular and effective terrorist technique is the suicide attack, which...

Author: By Eric M. Sefton, CRIMSON STAFF WRITER | Title: Radcliffe Dean Traces Terrorism’s Complexities | 11/29/2007 | See Source »

...they sponsor and persevere toward the goal of a comprehensive Arab-Israeli settlement. Such an approach has merit, given that a majority of Israelis and Arabs desire peace and thus opponents could be scorned for prolonging misery and hopelessness. The problem is that Olmert and Abbas are politically very weak, thanks to past failures in peace and war, and will find it difficult to behave like statesmen in the event of new violence...

Author: /time Magazine | Title: Can Iran and Hamas Sink Annapolis? | 11/28/2007 | See Source »

Hordes of frenzied shoppers had barely descended upon shopping malls and retail stores at the crack of dawn on the day now dubbed Black Friday when the breathless speculation about how weak or strong this year's holiday shopping season began. The dirty little secret, however, is that the day is actually not a very good predictor of holiday sales overall. "No matter how successful Black Friday is, it's the weeks before and after Christmas that will determine how successful of a holiday season it is," says Scott Krugman, of the National Retail Federation...

Author: /time Magazine | Title: The Myth of Black Friday | 11/27/2007 | See Source »

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