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Brazil is no stranger to economic crises. In the 1970s and '80s, Latin America's economic giant turned financial mismanagement into an art form. The current global turmoil has not left Brazil unscathed: stock prices, exports and growth are all down. But something interesting is at work this time around, and the best place to see it is in one of Brazil's favelas, the vast urban slums that are desperate even in the best of times. Walk through São Paulo's sprawling Brasilândia, though, and you don't sense the relentless doom and gloom gripping...

Author: /time Magazine | Title: The One Country That Might Avoid Recession Is... | 3/5/2009 | See Source »

...Take that bone out of your nose and call me back." - to an African American caller, while hosting a Top 40 music program under the name Jeff Christie in the 1970s...

Author: /time Magazine | Title: Conservative Radio Host Rush Limbaugh | 3/4/2009 | See Source »

...developed in the 1970s by David Olds, a professor of pediatrics and preventive medicine at the University of Colorado Health Sciences Center. NFP involves about 64 home visits from a nurse during the first 2½ years of a child's life. Many of the new mothers who receive the benefit are single, are on welfare, have low education levels and are dealing with addiction, mental illness and family violence. Nurses visit once a week during pregnancy and early infancy, answering health questions, teaching basic parenting skills and, crucially, helping moms whose own early lives were often characterized by chaos...

Author: /time Magazine | Title: Nurse Home Visits: A Boost for Low-Income Parents | 3/2/2009 | See Source »

...Sebelius boasts a unique political pedigree: She is one-half of the nation's first father-daughter gubernatorial combo. Her father, John Gilligan, served as Ohio's chief executive in the 1970s...

Author: /time Magazine | Title: HHS Secretary: Kathleen Sebelius | 3/2/2009 | See Source »

...economists looked at companies with fewer than 50 employees, and those with more than 1,000, going back to the 1970s-a period that spanned four business cycles. They found that the bigger firms, after adjusting for their larger share of the workforce, account for a greater slice of job destruction during and after recessions-whether through layoffs or simply not hiring workers they would have otherwise. Immediately coming out of a recession, smaller companies were an unusually important source of new job growth, but once economic expansion really took hold, large companies resumed the role of job-creator, added...

Author: /time Magazine | Title: Why Are Large Companies Losing More Jobs Than Small Ones? | 2/28/2009 | See Source »

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