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When a country or a company depends to an important degree on the U.S. for its livelihood, you might think that recent financial events there would amount to very bad news indeed. America's economy flagged in the second half of last year and the dollar has dropped sharply against...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

(2 of 4) Such resilience highlights the degree to which the structure of the world's economy has been profoundly reshaped by globalization. The increasingly free flow of goods and capital has brought about greater integration of national economies, while at the same time broadly dispersing economic power. The old...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

That globalist warning bell may ring true in Davos, but in Thailand, ground zero of the 1997 Asian financial crisis, economic protectionism is on the rise. "There are several members of the coup Cabinet who believe Thailand is too dependent on foreign investment," says Supavud Saicheua, head of research at...

Author: /time Magazine | Title: Land of Fading Smiles | 1/18/2007 | See Source »

When the Rhodes committee in Zimbabwe awarded Benjamin L. Robinson ’06-’07 a Rhodes Scholarship last month, he became the eighth Harvard student this year to receive the prestigious academic award. The Rhodes Scholarship, created from the endowment of Cecil J. Rhodes, a British...

Author: By Jan Zilinsky, CONTRIBUTING WRITER | Title: Eighth Harvard Student Wins Rhodes | 1/17/2007 | See Source »

During four nights of below-freezing temperatures that started Friday, many growers tried to keep their crops viable with heated irrigation water and wind machines to circulate warm air. But those methods raise the temperature only a degree or two: citrus needs to stay at or above 28 degrees, and...

Author: /time Magazine | Title: Get Ready for an Orange Crunch | 1/17/2007 | See Source »

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