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...Weller, to figure out how to make the changes work in practice. That's another lesson the mountains taught him. "You learn very early on that you're better off working in a team," Brabeck says. "It's how you'll survive. There's nothing worse than having a weak team on the mountain." That, and unforeseen bad weather...

Author: /time Magazine | Title: Nestle's Quick | 11/14/2007 | See Source »

...there are deeper reasons to fear a persistently weak dollar. For decades, various emerging markets in Asia and the Middle East have either officially or unofficially matched their currency rates to the dollar to limit their own currency fluctuations and thus stimulate trade. Since these countries tend to be exporters, they have also historically generated buckets of surplus dollars, which they funneled into U.S. Treasury bills, attracted by the dollar's long-term stability. This arrangement benefited the U.S., providing it with a bountiful source of buyers willing to fund its debts, despite the relatively low interest rates on offer...

Author: /time Magazine | Title: Bottom Dollar | 11/14/2007 | See Source »

Such doubts are fueling a broader loss of faith in U.S. assets. Nowhere is this more pronounced than in the dollar's stunning decline. Since the start of 2006, it has plunged 24% against the euro and 18% against the British pound. But how big a problem is a weak dollar, and for whom? It might pain U.S. tourists shopping in cities like London or Paris. And it's a mounting worry for European and Asian manufacturers doing battle with U.S. exporters, whose products are made cheaper on the global market by a dwindling dollar. But for these U.S. manufacturers...

Author: /time Magazine | Title: Bottom Dollar | 11/14/2007 | See Source »

China, Japan and others welcome the chance to scale back their U.S. holdings, but even the hint of a sale could send the dollar tumbling - as happened earlier this month when a Chinese official suggested China might shift some of its currency reserves to offset the "weak" dollar. The notion that the days of the dollar's dominance are numbered is, in fact, increasingly popular. In September, Alan Greenspan, former chief of the U.S. Federal Reserve, said it's "absolutely conceivable that the euro will replace the dollar as [the] reserve currency, or will be traded as an equally important...

Author: /time Magazine | Title: Bottom Dollar | 11/14/2007 | See Source »

...widespread. Stars like Morris, Tim Raines, Andre Dawson, Kirk Gibson and Carlton Fisk were all mysteriously offered bad deals, if any deals at all. Collusion is easier to prove if a group of players are being shortchanged. Aside from Rodriguez, this year's free agency class is a notably weak. It most likely won't take a conspiracy to hold salaries in check. There's no need to collude against first baseman Doug Mientkiewicz...

Author: /time Magazine | Title: A-Rod's Salary: Watching for Collusion | 11/13/2007 | See Source »

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