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...Still, central bankers around the world, in an effort to ward off the worst effects of a global economic slowdown, appear to be engaging in a rate race to the bottom. China on Oct. 29 cut its interest rates for the third time in six weeks, and the BOJ is expected to cut its key policy rate below the current 0.5% soon. Though rates in Japan are already almost nil, Tokyo's hand is to an extent being forced by Washington. That's because as U.S. rates fall, fewer investors are willing to hold U.S. dollar debt, which undermines...

Author: /time Magazine | Title: Will the Fed's Rate Cut Help? The Japan Lesson | 10/30/2008 | See Source »

...Black and White Why is the economy trumping race [Oct. 20]? Maybe because race is completely irrelevant as to whether someone should be the next President! Sure there are some bigots who will vote solely based on race, but to imply that for many Americans the economy and race are issues of comparable weight is simply insulting. Zachary Nass, Merritt Island...

Author: /time Magazine | Title: Inbox | 10/30/2008 | See Source »

...obvious why the economy is trumping race? Even racists worry first about their jobs and mortgages. But more seriously, are TIME and the rest of the media creating an issue that doesn't really exist? Barack Obama has proved his ability to reach out to a broad spectrum of U.S. voters. He didn't win the Democratic nomination on the votes of people of color alone. Lenny Bernstein, Asheville...

Author: /time Magazine | Title: Inbox | 10/30/2008 | See Source »

...resent David Von Drehle's implication in "The Limits of Race" that whites who vote against Obama do so for racial reasons [Oct. 20]. Obviously race influences some voters, but what about blacks? Certainly some African Americans will vote for Obama because he is black. How many of these voters will cancel out white voters who vote for the wrong reasons? James C. Perley, Little Sioux, Iowa...

Author: /time Magazine | Title: Inbox | 10/30/2008 | See Source »

...uneducated, racist and antiforeigner is insulting. Conservatives welcome immigrants of all cultures to America's shores just as liberals do; they part ways on who should foot the bill and how immigrants should be integrated into society. If Obama loses the election, rather than revealing our views on race or our lack of receptiveness to other cultures, it will show that Americans prefer governance from the middle - not from the far left. Kathleen Sliwiak, Gaithersburg...

Author: /time Magazine | Title: Inbox | 10/30/2008 | See Source »

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