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	<title>Business &#187; Michael Schuman</title>
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		<title>Business &#187; Michael Schuman</title>
		<link>http://business.time.com</link>
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		<title>Euro Crisis: Is the Currency (Finally) Doomed?</title>
		<link>http://business.time.com/2012/05/24/euro-crisis-is-the-currency-finally-doomed/</link>
		<comments>http://business.time.com/2012/05/24/euro-crisis-is-the-currency-finally-doomed/#comments</comments>
		<pubDate>Thu, 24 May 2012 09:44:09 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Austerity]]></category>
		<category><![CDATA[Currency]]></category>
		<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Debt Crisis]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[europe]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[Italy]]></category>
		<category><![CDATA[Merkel]]></category>
		<category><![CDATA[Spain]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=38721</guid>
		<description><![CDATA[Since the start of Europe’s debt crisis in 2009, there has been a steady drumbeat of predictions that the euro is doomed. The problems were too intractable, the debts too large, the political will too feeble. So far, the doomsayers have been wrong. The leaders of Europe have managed to put a bandage here and [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=38721&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/05/24/euro-crisis-is-the-currency-finally-doomed/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
	<mediaCredit>Felix Kindermann/DPAZ/ABACAPRESS.COM</mediaCredit><mediaCaption><![CDATA[(L-R) Italian Prime Minister Mario Monti talks to German Chancellor Angela Merkel and French President Francois Hollande during the EU summit in Brussels, Belgium on May 23, 2012]]></mediaCaption>
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			<media:title type="html">A man is reflected standing next to a pawn shop near Athens, Greece</media:title>
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			<media:title type="html">michaeljschuman</media:title>
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		<title>Is a Greek Exit from the Euro Inevitable?</title>
		<link>http://business.time.com/2012/05/21/is-a-greek-exit-from-the-euro-inevitable/</link>
		<comments>http://business.time.com/2012/05/21/is-a-greek-exit-from-the-euro-inevitable/#comments</comments>
		<pubDate>Mon, 21 May 2012 08:54:10 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Debt Crisis]]></category>
		<category><![CDATA[euro zone]]></category>
		<category><![CDATA[Greece]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=38151</guid>
		<description><![CDATA[For 2½ years, the world has been watching and waiting to see if debt-laden Greece can remain in the euro zone. Many have been doubtful since the beginning of the debt crisis. Greece’s government debt is simply too burdensome, the fiscal adjustment imposed on Athens is too severe, the Greeks are too resistant to the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=38151&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/05/21/is-a-greek-exit-from-the-euro-inevitable/feed/</wfw:commentRss>
		<slash:comments>31</slash:comments>
	<mediaCredit>Kostas Tsironis / AP</mediaCredit>
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			<media:title type="html">Greece</media:title>
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		<title>European Voters Have Rejected Austerity—So What Happens Next?</title>
		<link>http://business.time.com/2012/05/09/european-voters-have-rejected-austerity-so-what-happens-next/</link>
		<comments>http://business.time.com/2012/05/09/european-voters-have-rejected-austerity-so-what-happens-next/#comments</comments>
		<pubDate>Wed, 09 May 2012 13:27:34 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Austerity]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[austerity]]></category>
		<category><![CDATA[Debt Crisis]]></category>
		<category><![CDATA[economic growth]]></category>
		<category><![CDATA[europe]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[Italy]]></category>
		<category><![CDATA[stimulus]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=36855</guid>
		<description><![CDATA[So voters in France and Greece sent an inescapable signal to the euro zone: No more austerity. In doing so, they showed that the average guy on the street understands economics better than the people in power. Rather than reducing debt and returning the European economy to health, the all-austerity approach to solving the debt [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=36855&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/05/09/european-voters-have-rejected-austerity-so-what-happens-next/feed/</wfw:commentRss>
		<slash:comments>18</slash:comments>
	<mediaCredit>Luca Bruno/AP</mediaCredit><mediaCaption><![CDATA[A woman begs for money in Milan, Italy, Tuesday, May 8, 2012]]></mediaCaption>
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			<media:title type="html">michaeljschuman</media:title>
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		<title>Ballot Box Breakdown: How Europe’s Elections Will Heat Up the Debt Crisis</title>
		<link>http://business.time.com/2012/05/07/ballot-box-breakdown-how-europes-elections-will-heat-up-the-debt-crisis/</link>
		<comments>http://business.time.com/2012/05/07/ballot-box-breakdown-how-europes-elections-will-heat-up-the-debt-crisis/#comments</comments>
		<pubDate>Mon, 07 May 2012 08:46:56 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[austerity]]></category>
		<category><![CDATA[Debt Crisis]]></category>
		<category><![CDATA[elections]]></category>
		<category><![CDATA[europe]]></category>
		<category><![CDATA[strategy]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=36645</guid>
		<description><![CDATA[There have been many flaws in Europe’s strategy to resolve its ongoing debt crisis: The unreasonable obsession with austerity. The persistent reluctance to commit sufficient financial resources. The stubborn rejection of important tools like eurobonds. But perhaps the most misguided notion of all was the apparent assumption among European leaders that voters would meekly accept [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=36645&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/05/07/ballot-box-breakdown-how-europes-elections-will-heat-up-the-debt-crisis/feed/</wfw:commentRss>
		<slash:comments>14</slash:comments>
	<mediaCredit>Yorgos Karahalis / Reuters</mediaCredit><mediaCaption><![CDATA[Supporters of the Independent Greeks party sing during a pre-election rally in Athens May 4, 2012. Greek voters enraged by economic hardship will punish traditional parties in a highly uncertain election on Sunday that could plunge the country into new political chaos]]></mediaCaption>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/05/europe_election_0507.jpg?w=240" />
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			<media:title type="html">Greek Rally</media:title>
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			<media:title type="html">michaeljschuman</media:title>
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		<item>
		<title>What Chen Guangcheng Means for the Global Economy</title>
		<link>http://business.time.com/2012/05/02/what-chen-guangcheng-means-for-the-global-economy/</link>
		<comments>http://business.time.com/2012/05/02/what-chen-guangcheng-means-for-the-global-economy/#comments</comments>
		<pubDate>Wed, 02 May 2012 06:59:48 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Chen Guangcheng]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[global economy]]></category>
		<category><![CDATA[U.S.]]></category>
		<category><![CDATA[U.S.-China relationship]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=36208</guid>
		<description><![CDATA[Chinese human-rights activist Chen Guangcheng is a brave man who has taken on China’s brutal authoritarian government and suffered personally for it, but beyond winning the hearts of sympathetic admirers around the world, his impact has largely been local. That changed, however, when he made his dash for safety from his house-prison last week and ended up under the protection of the U.S. <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=36208&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/05/02/what-chen-guangcheng-means-for-the-global-economy/feed/</wfw:commentRss>
		<slash:comments>14</slash:comments>
	<mediaCredit>www.ChinaAid.or / Handout /  Reuters</mediaCredit><mediaCaption><![CDATA[Blind legal activist Chen Guangcheng, in an undated photo, holding a government legal document about the protection of disabled persons ]]></mediaCaption>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/05/chen_econ_0502.jpg?w=240" />
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			<media:title type="html">Chen Guangcheng</media:title>
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			<media:title type="html">michaeljschuman</media:title>
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		<item>
		<title>Why We Should Worry About Spain&#8217;s Economic Pain</title>
		<link>http://business.time.com/2012/05/01/why-we-should-worry-about-spains-economic-pain/</link>
		<comments>http://business.time.com/2012/05/01/why-we-should-worry-about-spains-economic-pain/#comments</comments>
		<pubDate>Tue, 01 May 2012 08:31:31 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Debt Crisis]]></category>
		<category><![CDATA[defaults]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[Spain]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=36027</guid>
		<description><![CDATA[Two years ago this month I was in Madrid reporting a story on the troubles of the Spanish economy and what they meant for Europe and its debt crisis. And here I am today writing about the troubles of the Spanish economy and what they mean for Europe and its debt crisis. I usually don’t [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=36027&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/05/01/why-we-should-worry-about-spains-economic-pain/feed/</wfw:commentRss>
		<slash:comments>12</slash:comments>
	<mediaCredit>Andrea Comas / Reuters </mediaCredit><mediaCaption><![CDATA[People stand in line to enter a government-run employment office in Madrid April 27, 2012]]></mediaCaption>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/05/600_biz_spain_0501.jpg?w=240" />
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			<media:title type="html">600_biz_spain_0501</media:title>
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			<media:title type="html">michaeljschuman</media:title>
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		<item>
		<title>The Future of the Euro: Why Sentiment Alone Can&#8217;t Save the Union</title>
		<link>http://business.time.com/2012/04/30/the-future-of-the-euro-why-sentiment-alone-cant-save-the-union/</link>
		<comments>http://business.time.com/2012/04/30/the-future-of-the-euro-why-sentiment-alone-cant-save-the-union/#comments</comments>
		<pubDate>Mon, 30 Apr 2012 09:45:55 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[europe]]></category>
		<category><![CDATA[Europe economy]]></category>
		<category><![CDATA[European Central Bank]]></category>
		<category><![CDATA[european crisis]]></category>
		<category><![CDATA[eurozone crisis]]></category>
		<category><![CDATA[the euro]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=35874</guid>
		<description><![CDATA[The euro means more to Europe than mere mathematical calculations of debt and growth can tell us, and the leaders and voters of the euro zone value the common currency based on what it means to Europe as much as what it does for Europe.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=35874&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/04/30/the-future-of-the-euro-why-sentiment-alone-cant-save-the-union/feed/</wfw:commentRss>
		<slash:comments>13</slash:comments>
	<mediaCredit>Luca Bruno / AP</mediaCredit><mediaCaption><![CDATA[A man looks at job adds in the window of an employment office in Milan, Italy, Monday, April 2, 2012. Unemployment in the 17 countries that use the euro hit its highest level since the currency was introduced back in 1999.]]></mediaCaption>
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			<media:title type="html">Europe Economy</media:title>
		</media:content>

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			<media:title type="html">michaeljschuman</media:title>
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		<item>
		<title>Citi’s CEO Pay Revolt: Capitalism Is Back, Baby!</title>
		<link>http://business.time.com/2012/04/24/citis-ceo-pay-revolt-capitalism-is-back-baby/</link>
		<comments>http://business.time.com/2012/04/24/citis-ceo-pay-revolt-capitalism-is-back-baby/#comments</comments>
		<pubDate>Tue, 24 Apr 2012 14:01:04 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Curious Capitalist]]></category>
		<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[World Finance]]></category>
		<category><![CDATA[bankers]]></category>
		<category><![CDATA[bonuses]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[compensation]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[free market capitalism]]></category>
		<category><![CDATA[Vikram Pandit]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=35242</guid>
		<description><![CDATA[One of the more gratifying moments so far this year – at least in the realm of high finance – was the decision last week by shareholders of Citigroup to reject a $15 million pay package for CEO Vikram Pandit. The shareholders vetoed the award since they believed there was too big a disconnect between [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=35242&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/04/24/citis-ceo-pay-revolt-capitalism-is-back-baby/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
	<mediaCredit>David Paul Morris / Bloomberg via Getty Images</mediaCredit>
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			<media:title type="html">Citigroup</media:title>
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			<media:title type="html">michaeljschuman</media:title>
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		<title>Spain’s Death Spiral and the Hypocrisy of the Euro</title>
		<link>http://business.time.com/2012/04/05/spains-death-spiral-and-the-hypocrisy-of-the-euro/</link>
		<comments>http://business.time.com/2012/04/05/spains-death-spiral-and-the-hypocrisy-of-the-euro/#comments</comments>
		<pubDate>Thu, 05 Apr 2012 10:20:53 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[austerity]]></category>
		<category><![CDATA[Debt Crisis]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[europe]]></category>
		<category><![CDATA[Financial Crisis]]></category>
		<category><![CDATA[Spain]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=33642</guid>
		<description><![CDATA[Anyone out there who thinks the euro zone debt crisis is over – and you know who you are – should take a good look at what’s going on in Spain. If Italy represented the biggest threat to the euro in 2011, then Spain will be the big story of 2012. Whatever numbers you look [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=33642&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/04/05/spains-death-spiral-and-the-hypocrisy-of-the-euro/feed/</wfw:commentRss>
		<slash:comments>26</slash:comments>
	<mediaCredit>Emilio Morenatti/AP</mediaCredit><mediaCaption><![CDATA[A demonstrator shouts slogans against the government's recently approved labor reforms during a demonstration in Barcelona, Spain, Sunday March. 11, 2012]]></mediaCaption>
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			<media:title type="html">spain_protests_business_0405</media:title>
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			<media:title type="html">michaeljschuman</media:title>
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		<item>
		<title>Can Asian-Style Capitalism Save the West?</title>
		<link>http://business.time.com/2012/03/25/can-asian-style-capitalism-save-the-west/</link>
		<comments>http://business.time.com/2012/03/25/can-asian-style-capitalism-save-the-west/#comments</comments>
		<pubDate>Mon, 26 Mar 2012 03:06:44 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[World Finance]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[east]]></category>
		<category><![CDATA[free market capitalism]]></category>
		<category><![CDATA[industrial policy]]></category>
		<category><![CDATA[japan]]></category>
		<category><![CDATA[South Korea]]></category>
		<category><![CDATA[state-directed capitalism]]></category>
		<category><![CDATA[west]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=32378</guid>
		<description><![CDATA[As you can imagine, the people out here in Asia are feeling pretty good about themselves these days. And why shouldn’t they? While the U.S. and Europe struggle with debt, unemployment and sagging competitiveness, most of Asia seems to jump from strength to strength, its economies powering through the downturn with apparent ease, its companies becoming more and more prominent on the world stage. Many believe its time for the west to learn from Asia.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=32378&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/03/25/can-asian-style-capitalism-save-the-west/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
	<mediaCredit>Getty Images</mediaCredit>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/03/hongkong.jpg?w=240" />
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			<media:title type="html">hongkong</media:title>
		</media:content>

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			<media:title type="html">michaeljschuman</media:title>
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		<title>How High Will Global Oil Prices Rise?</title>
		<link>http://business.time.com/2012/03/20/how-high-will-global-oil-prices-rise/</link>
		<comments>http://business.time.com/2012/03/20/how-high-will-global-oil-prices-rise/#comments</comments>
		<pubDate>Tue, 20 Mar 2012 08:40:12 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Energy]]></category>
		<category><![CDATA[gasoline prices]]></category>
		<category><![CDATA[oil prices]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=31837</guid>
		<description><![CDATA[If you’re watching global oil markets and getting a sickening feeling in your stomach, you’re in good company. Oil prices have spiked precipitously in recent weeks, with the U.S. benchmark price at over $107 and Brent rising to $125. Those increases are already being felt at the pump. Gas prices in the U.S. are creeping [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=31837&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/03/20/how-high-will-global-oil-prices-rise/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
	<mediaCredit>Frederic J. Brown / AFP / Getty Images</mediaCredit><mediaCaption><![CDATA[Prices posted at a gas station where the fuel is selling for over five dollars a gallon on March 16, 2012 in downtown Los Angeles, California.]]></mediaCaption>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/03/oil_prices_0320.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2012/03/oil_prices_0320.jpg?w=240" medium="image">
			<media:title type="html">Gas Prices</media:title>
		</media:content>

		<media:content url="http://1.gravatar.com/avatar/16f24a6058e54145f5ee65b322784b28?s=96&#38;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">michaeljschuman</media:title>
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		<item>
		<title>Why China Faces a Catch-22 on Financial Reform</title>
		<link>http://business.time.com/2012/03/12/why-china-faces-a-catch-22-on-financial-reform/</link>
		<comments>http://business.time.com/2012/03/12/why-china-faces-a-catch-22-on-financial-reform/#comments</comments>
		<pubDate>Mon, 12 Mar 2012 04:53:30 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[capital flows]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[Financial Crisis]]></category>
		<category><![CDATA[financial reform]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[yuan]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=30830</guid>
		<description><![CDATA[Amid all of the aggressive market reform that has taken place in China over the past 30 years, the country’s financial and capital markets are a glaring exception. Capital controls restrict flows of money in and out of the economy. The value of the currency, the yuan, is stage-managed by the state. The yuan isn’t [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=30830&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/03/12/why-china-faces-a-catch-22-on-financial-reform/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
	<mediaCredit>Nelson Ching / Bloomberg via Getty Images</mediaCredit><mediaCaption><![CDATA[Pedestrians walk past the People's Bank of China in Beijing, China, Dec. 23, 2011. ]]></mediaCaption>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/03/china_bank_0312.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2012/03/china_bank_0312.jpg?w=240" medium="image">
			<media:title type="html">China Financial Reform</media:title>
		</media:content>

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			<media:title type="html">michaeljschuman</media:title>
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		<item>
		<title>Why China Should Slow Down – But Probably Won’t</title>
		<link>http://business.time.com/2012/03/07/why-china-should-slow-down-but-probably-wont/</link>
		<comments>http://business.time.com/2012/03/07/why-china-should-slow-down-but-probably-wont/#comments</comments>
		<pubDate>Wed, 07 Mar 2012 07:29:02 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[GDP growth]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=30478</guid>
		<description><![CDATA[China’s Premier Wen Jiabao sent a shockwave through the global economy this week when he lowered the country’s GDP growth target for 2012, to 7.5% from 8%. In doing so, Wen was not only recognizing the tremendous headwinds China is facing from an uncertain global economy. He was also acknowledging that China needs to alter its growth model if the country’s economic miracle is to continue. <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=30478&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/03/07/why-china-should-slow-down-but-probably-wont/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
	<mediaCredit>ChinaFotoPress / ChinaFotoPress via Getty Images</mediaCredit><mediaCaption><![CDATA[Trucks carry containers at Qingdao Port on March 5, 2012 in Qingdao, China. China has cut its economic growth target to 7.5 percent this year, from the 8 percent goal in 2011.]]></mediaCaption>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/03/china_slowdown_0307.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2012/03/china_slowdown_0307.jpg?w=240" medium="image">
			<media:title type="html">China GDP</media:title>
		</media:content>

		<media:content url="http://1.gravatar.com/avatar/16f24a6058e54145f5ee65b322784b28?s=96&#38;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">michaeljschuman</media:title>
		</media:content>
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		<item>
		<title>Is Germany’s Euro Crisis Strategy Actually Working?</title>
		<link>http://business.time.com/2012/03/05/is-germanys-euro-crisis-strategy-actually-working/</link>
		<comments>http://business.time.com/2012/03/05/is-germanys-euro-crisis-strategy-actually-working/#comments</comments>
		<pubDate>Mon, 05 Mar 2012 09:53:05 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=30286</guid>
		<description><![CDATA[I have been guilty, on many occasions, of eviscerating the strategy taken by the leaders of the euro zone to combat its dangerous debt crisis. They have routinely acted too late with too little, causing contagion to spread through the zone, because they have been unwilling to put the interests of the euro over their [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=30286&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/03/05/is-germanys-euro-crisis-strategy-actually-working/feed/</wfw:commentRss>
		<slash:comments>29</slash:comments>
	
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/03/angela_merkel.jpg?w=240" />
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			<media:title type="html">Angela Merkel</media:title>
		</media:content>

		<media:content url="http://1.gravatar.com/avatar/16f24a6058e54145f5ee65b322784b28?s=96&#38;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">michaeljschuman</media:title>
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		<title>Why China Will Have an Economic Crisis</title>
		<link>http://business.time.com/2012/02/27/why-china-will-have-an-economic-crisis/</link>
		<comments>http://business.time.com/2012/02/27/why-china-will-have-an-economic-crisis/#comments</comments>
		<pubDate>Mon, 27 Feb 2012 06:57:09 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[economic crisis]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[state capitalism]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=29638</guid>
		<description><![CDATA[The view in most of the world is that China is indestructible. Shrugging off the crises multiplying elsewhere, China seems to surge from strength to strength, its spectacular growth marching on no matter what headwinds may come. My answer to all of this is: think again.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=29638&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/02/27/why-china-will-have-an-economic-crisis/feed/</wfw:commentRss>
		<slash:comments>44</slash:comments>
	<mediaCredit>Peter Parks / AFP / Getty Images</mediaCredit><mediaCaption><![CDATA[A passenger passes a photo montage of the Shanghai skyline in a subway station in Pudong, the financial district of Shanghai, on Feb. 3, 2012]]></mediaCaption>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/02/china_eco_crisis_0227.jpg?w=240" />
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			<media:title type="html">china_eco_crisis_0227</media:title>
		</media:content>

		<media:content url="http://1.gravatar.com/avatar/16f24a6058e54145f5ee65b322784b28?s=96&#38;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">michaeljschuman</media:title>
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		<item>
		<title>Can a Second Bailout Save Greece?</title>
		<link>http://business.time.com/2012/02/21/can-a-second-bailout-save-greece/</link>
		<comments>http://business.time.com/2012/02/21/can-a-second-bailout-save-greece/#comments</comments>
		<pubDate>Tue, 21 Feb 2012 08:01:40 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Debt Crisis]]></category>
		<category><![CDATA[europe]]></category>
		<category><![CDATA[Greece]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=24763</guid>
		<description><![CDATA[After months of delays, arguments and doubts, euro-zone finance ministers agreed on a second, $170 billion bailout of beleaguered Greece in the early hours of Tuesday morning. The agreement will not only provide fresh financing for the debt-stricken government but also some much needed debt relief. A hefty chunk of the new bailout package will [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=24763&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/02/21/can-a-second-bailout-save-greece/feed/</wfw:commentRss>
		<slash:comments>15</slash:comments>
	<mediaCredit>Yves Herman / Reuters</mediaCredit><mediaCaption><![CDATA[IMF Managing Director Christine Lagarde, Eurogroup Chairman and Luxembourg's Prime Minister Jean-Claude Juncker and European Monetary Affairs Commissioner Olli Rehn (L-R) hold a joint news conference after a Eurogroup meeting in Brussels February 21, 2012.]]></mediaCaption>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/02/greece_bailout_0221.jpg?w=240" />
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			<media:title type="html">greece_bailout_0221</media:title>
		</media:content>

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			<media:title type="html">michaeljschuman</media:title>
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		<title>What Happens if Greece Doesn’t Get a Bailout?</title>
		<link>http://business.time.com/2012/02/16/what-happens-if-greece-doesnt-get-a-bailout/</link>
		<comments>http://business.time.com/2012/02/16/what-happens-if-greece-doesnt-get-a-bailout/#comments</comments>
		<pubDate>Thu, 16 Feb 2012 10:15:58 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Debt Crisis]]></category>
		<category><![CDATA[europe]]></category>
		<category><![CDATA[Greece]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=24436</guid>
		<description><![CDATA[After the Greek Parliament on Sunday passed yet another package of austerity measures demanded by its euro-zone neighbors — this one worth $4.4 billion — the path seemed clear to finalizing a long-delayed, second bailout of the country totaling $170 billion. Well, it turns out the Greek vote wasn’t enough to satisfy skeptical euro-zone leaders. Instead of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=24436&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/02/16/what-happens-if-greece-doesnt-get-a-bailout/feed/</wfw:commentRss>
		<slash:comments>13</slash:comments>
	<mediaCredit>Yiorgos Karahalis/Reuters</mediaCredit>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/02/greece_0216.jpg?w=240" />
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			<media:title type="html">greece_0216</media:title>
		</media:content>

		<media:content url="http://1.gravatar.com/avatar/16f24a6058e54145f5ee65b322784b28?s=96&#38;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">michaeljschuman</media:title>
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		<title>Are China’s Big State Companies a Big Problem for the Global Economy?</title>
		<link>http://business.time.com/2012/02/15/are-chinas-big-state-companies-a-big-problem-for-the-global-economy/</link>
		<comments>http://business.time.com/2012/02/15/are-chinas-big-state-companies-a-big-problem-for-the-global-economy/#comments</comments>
		<pubDate>Wed, 15 Feb 2012 09:06:07 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[state-owned enterprises]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=24329</guid>
		<description><![CDATA[The most important economic story of the first half of the 21st century is how China is changing the global economy. There are a lot of benefits to this change – hundreds of millions of new consumers to drive global growth, fresh opportunities for entrepreneurship and job creation and heightened demand for everything from American corn [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=24329&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/02/15/are-chinas-big-state-companies-a-big-problem-for-the-global-economy/feed/</wfw:commentRss>
		<slash:comments>10</slash:comments>
	<mediaCredit>Nelson Ching / Bloomberg via Getty Image</mediaCredit><mediaCaption><![CDATA[The headquarters of Cnooc Ltd. stand in Beijing, China, on Oct. 11, 2010]]></mediaCaption>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/02/china_seo_0215.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2012/02/china_seo_0215.jpg?w=240" medium="image">
			<media:title type="html">china_seo_0215</media:title>
		</media:content>

		<media:content url="http://1.gravatar.com/avatar/16f24a6058e54145f5ee65b322784b28?s=96&#38;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">michaeljschuman</media:title>
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		<title>Europe’s Debt Crisis: Back from the Brink?</title>
		<link>http://business.time.com/2012/02/13/europes-debt-crisis-back-from-the-brink/</link>
		<comments>http://business.time.com/2012/02/13/europes-debt-crisis-back-from-the-brink/#comments</comments>
		<pubDate>Mon, 13 Feb 2012 08:29:44 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[europe]]></category>
		<category><![CDATA[european crisis]]></category>
		<category><![CDATA[european debt]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[Italy]]></category>
		<category><![CDATA[Mario Monti]]></category>
		<category><![CDATA[Portugal]]></category>
		<category><![CDATA[Sovereign Debt]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=24171</guid>
		<description><![CDATA[So it looks like Greece will dodge a default, at least for now. The Greek parliament passed a new $4.4 billion austerity package on Sunday, which includes a painful 22% cut in the minimum wage and 150,000 public sector job losses. Greece’s euro zone partners were demanding the country approve these painful measures in return [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=24171&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/02/13/europes-debt-crisis-back-from-the-brink/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
	
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		<title>Why the Latest Euro Zone Debt-Crisis Agreement Shows How Europe Just Doesn’t Get It</title>
		<link>http://business.time.com/2012/01/31/why-the-latest-euro-zone-debt-crisis-agreement-shows-how-europe-just-doesnt-get-it/</link>
		<comments>http://business.time.com/2012/01/31/why-the-latest-euro-zone-debt-crisis-agreement-shows-how-europe-just-doesnt-get-it/#comments</comments>
		<pubDate>Tue, 31 Jan 2012 19:57:06 +0000</pubDate>
		<dc:creator>Michael Schuman</dc:creator>
				<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Angela Merkel]]></category>
		<category><![CDATA[austerity]]></category>
		<category><![CDATA[european crisis]]></category>
		<category><![CDATA[european debt]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[Portugal]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=22905</guid>
		<description><![CDATA[I just landed in Rome for some on-the-ground reporting on the latest twists and turns in the euro-zone debt crisis, and I immediately got some sound insights from our reporter here, Stephan Faris. Faris watches the situation in Italy more closely than I do, and he makes the point that Rome simply would not pursue any [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=22905&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/01/31/why-the-latest-euro-zone-debt-crisis-agreement-shows-how-europe-just-doesnt-get-it/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
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