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...growth as they traditionally were, exports to the U.S., Europe and Japan are still a key driving force in Asia's rapid development. Any global slowdown dims the outlook for Asia. "There will be important economic implications of the financial meltdown in the U.S. on Asia," says Dariusz Kowalczyk, chief investment strategist at CFC Seymour in Hong Kong. The continued financial chaos in the U.S., he says, raises fears in Asia that the American economy will experience a more protracted downturn. "There doesn't seem to be any light at the end of tunnel," Kowalczyk says...

Author: /time Magazine | Title: Asia Markets Face Rough Day Ahead | 9/15/2008 | See Source »

...storm of controversy was raised in April after it was revealed that he used official helicopter training missions to visit the property of his girlfriend, Kate Middleton, and fly his brother to a bachelor party. According to British newspapers, those sorties resulted in the head of the RAF, Air Chief Marshal Sir Glenn Torpy, demanding a "line-by-line" explanation of their authorization and left columnists debating whether the royals' involvement with the military was a sideshow for forces already overstretched in Afghanistan and Iraq...

Author: /time Magazine | Title: Prince William to Become Rescue Pilot | 9/15/2008 | See Source »

...referring to the increased difficulty of borrowing. “This process will likely create periods of disruption and market volatility.” Harvard’s solid investment returns come at a time of leadership transition for the management company, which has been led by four different chiefs in as many years. Harvard’s investment company returned to permanent leadership July 1 with new chief executive Jane L. Mendillo, who worked at Harvard for 15 years before managing Wellesley College’s investments from 2002 to 2008. Before that, it spent much of the past...

Author: By Clifford M. Marks and Nathan C. Strauss, CRIMSON STAFF WRITERS | Title: Harvard Bests Market Turmoil, Clocks 8.6 Percent Endowment Growth | 9/12/2008 | See Source »

...typical for presidential campaigns to begin working on the transition effort months before the election, given the short window available to set up a new government between Election Day and the Inauguration. The Obama campaign has also started a transition-planning effort, recruiting John Podesta - a former chief of staff to President Clinton who now runs a liberal think tank, the Center for American Progress - to help oversee the preparation...

Author: /time Magazine | Title: McCain Taps Lobbyist for Transition | 9/12/2008 | See Source »

...Citing the ambassador's previous role as the U.S. State Department's Bosnia desk officer from 1994 to 1996 and then Chief of Mission in Kosovo from 2004 until 2006, the MAS statement accuses Goldberg of being "an expert in encouraging separatist conflicts." It chronicles clandestine meetings between the Ambassador and rightwing political and business leaders, and claims that Goldberg had arranged for a media "dirty war" against Morales and is now encouraging the violent takeover of government institutions to force out the president...

Author: /time Magazine | Title: Bolivia to Expel US Ambassador | 9/11/2008 | See Source »

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