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Word: agee (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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While youth unemployment across the E.U. is significantly higher (17% for those 25 and under) than in the general population (7.6%), some countries are more vulnerable than others. German companies tend to hire workers at an early age; French and Spanish firms prefer temporary contracts to get around sometimes draconian labor laws. "The social crisis is more pronounced [in France and Spain] because their citizens believe policy should create more employment. But in a downturn, it leads to a rapid increase in just the opposite," says Askenazy...

Author: /time Magazine | Title: The Broken Hopes of a Spanish Generation | 7/20/2009 | See Source »

...companies struggle to keep afloat in an age of abundance, Anderson posits a provocative solution: give your wares away gratis. An idea "as powerful as it is misunderstood," Free has become a multibillion-dollar business model tailor-made for the Internet economy. As digital-infrastructure costs approach zero, Anderson argues that Free often pays off, whether it involves giving away cell phones to hawk monthly plans or embracing piracy to spark demand for merchandise. He also explains how charging even a penny can scramble consumer psychology and sketches a blueprint for competing with juggernauts, like Google, that have harnessed...

Author: /time Magazine | Title: The Skimmer | 7/20/2009 | See Source »

While the recession hasn't spared any age group, it's been particularly brutal for older Americans who were counting on their (now shrunken) nest eggs to last through their retirement years. To supplement their stash, an increasing number of seniors are turning to reverse mortgages, which function essentially as a cash advance on their home equity, repaid only when they sell their home or die. The loans are available to those 62 and over, and lenders have to eat the difference if a home ends up declining in value. In the three months after February--when a provision...

Author: /time Magazine | Title: The Pros and Cons of Reverse Mortgages | 7/20/2009 | See Source »

...amount you can borrow is based on interest rates, your age and the value of your home. (Use the calculator at rmaarp.com for an estimate.) There are no credit or income requirements to get a reverse mortgage, but you must be able to keep up with property taxes and insurance bills--or you could lose your home. The up-front costs are high. Generally, $10,000 to $15,000 in fees are lopped off the amount you can borrow. Finally, if someone is pressuring you to take one of these loans in order to buy something else, that...

Author: /time Magazine | Title: The Pros and Cons of Reverse Mortgages | 7/20/2009 | See Source »

...Steve McNair's potentially game-tying pass in 2000 to Tennessee Titans wide receiver Kevin Dyson had just reached the end zone--and if the Titans had gone on to beat the St. Louis Rams in Super Bowl XXXIV--we'd be memorializing McNair, who was murdered at age 36 on July 4, as an NFL legend. Instead, we'll recall the quarterback, who was reared in small-town Mississippi and drafted out of tiny Alcorn State (Miss.) University, as a supremely gifted workhorse who fought through injuries to patch together an outstanding 13-year career. And sadly, what...

Author: /time Magazine | Title: Steve McNair | 7/20/2009 | See Source »

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