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...Sderot melts into a wedding party in Gaza City - with precisely the same Eastern ballads, musical instruments, traditional dress and food. And in Sderot, friends chat about how in past years they had their teeth checked by Gaza's dentists, who made house calls in Sderot. The producers admit they hoped such connections would reestablish empathy between enemies. "People were watching the other side on the Internet on a daily basis," says Arik Bernstein, head of Alma Films in Tel Aviv, which produced the Sderot stories. "It was an eye-opener for both sides...

Author: /time Magazine | Title: Gaza-Sderot: A Tale of Two Cities | 3/5/2009 | See Source »

...Analysts may admit to a frightening February unemployment rate, but most either believe that the economy is going to get better or don't want to say in public what they think. While it is comforting to claim that the February numbers will be a high-water mark for employment erosion, that may not be the case. The joblessness rate could thunder higher between now and the year...

Author: /time Magazine | Title: February Job Losses: Have We Reached Bottom Yet? | 3/4/2009 | See Source »

...other root cause that bedevils any attempt to improve the job situation is that private enterprise is suffering from an unusually rapid loss of earnings. Corporate bankruptcies are beginning to rise sharply, and even companies that have been considered rock-solid, such as GE (GE) and Microsoft (MSFT), admit that their core businesses are being hurt badly and are coy about when they think the situation will improve. Large companies have gotten into the habit of saying that they cannot forecast earnings because they have "limited visibility." In most cases that means they cannot predict their sales beyond the current...

Author: /time Magazine | Title: February Job Losses: Have We Reached Bottom Yet? | 3/4/2009 | See Source »

...government's plan to create jobs is not set up to cope with a situation in which jobs are lost at a rate of 2 million per quarter. Even advocates of tax cuts would have to admit that the money any cuts would add to business and consumer wallets would not make much difference in the next several months. That may be academic. The Administration is proposing a modest cut for most people, but it is just that - a modest cut. Businesses that will be taxed at a higher rate will have to decide whether that drain affects how many...

Author: /time Magazine | Title: February Job Losses: Have We Reached Bottom Yet? | 3/4/2009 | See Source »

...Accusations and countercharges over whether the Vélib' program has imperiled safety will probably continue for some time, especially since the criticism of Vélib' riders is partially based on the in-crowd snobbery of private-bike owners. Still, even Vélib' adepts admit they've earned some of their bad reputation...

Author: /time Magazine | Title: Postcard from Paris: Cyclists Behaving Badly | 3/4/2009 | See Source »

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