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...hike interest rates, hoping to cool off overheating economies and keep a lid on rising costs. But inflation worries have eased with recent sharp declines in the prices of oil and other commodities. Now policymakers are opening the money taps again. In September China's central bank lowered its key interest rate to 7.2%, the first cut since 2002. More central banks are expected to follow. "We're going to move from monetary tightening to monetary loosening in Asia," says Manu Bhaskaran, a Singapore-based economist with the Centennial Group. "Inflation is yesterday's story...
...Alliance for the Future of Austria have been tainted by accusations of neo-Nazism and xenophobia. Analysts, however, credit their success less to a tilt toward extremism than to widespread frustration among Austrians with the ruling moderate parties. The shaky coalition has proven unable to reach agreements on key economic and social issues...
SURVEYS IN FIVE KEY states suggest that the Illinois Senator is building on his strength...
...middle of an economic crisis, such attacks may not pack their normal punch. In the TIME/CNN/Opinion Research poll, Obama led among independents, 55% to 42%, and had improved on John Kerry's 2004 showing among such key voting blocs as white men, white women and voters over 65. As for the voters of Arapahoe, the number that the Obama campaign might want to seal in amber is 21. That's the advantage Obama currently holds over McCain (59% to 38%) among voters making less than $50,000 a year. In 2004 lower-wage voters in Colorado split their votes evenly...
...disturbed by what was happening in the U.S., or so worried about what the next few months might hold. Even in China, the post-Olympics, post-spacewalk euphoria has been tempered by the appreciation that the contraction of the U.S. market for its exports will put one of the key drivers of China's economic growth into neutral...