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...Along with the languid release of data there will be four unemployment reports that cover May, June, July, and August. These will be the four most important economic indicators of the summer. They will show whether the government stimulus package has been even modestly successful, whether there will be consumers who can shop during the holiday season that now seems to start in September, if there are buyers to participate in the struggling car markets, and citizens who can be taxed rather than being a tax on the federal and state governments. The news will be particularly bleak...

Author: /time Magazine | Title: Summer 2009: The Long Wait for Evidence of a Recovery | 5/26/2009 | See Source »

...Germany, the Red Bull spokesman insisted that his company's product, along with others containing the coca-leaf extract are considered safe in Europe and the U.S. And already, some experts have come to Red Bull's defense. "There is no scientific basis for this ban on Red Bull Cola because the levels of cocaine found are so small," Fritz Soergel, the head of the Institute for Biomedical and Pharmaceutical Research in the city of Nuremberg, tells TIME. "And it's not even cocaine itself. According to the tests we carried out, it's a nonactive degradation product with...

Author: /time Magazine | Title: Red Bull's New Cola: A Kick from Cocaine? | 5/25/2009 | See Source »

...attempt to paper over the extent of their losses, the Communists have been quick to point out their vital influence in shaping the policies of Singh's past government. The rural upliftment schemes that many believe won Congress this election, for instance, were pushed and prodded along by Communist support. "They have an effect that goes beyond their electoral strengths," says Jayati Ghosh, a professor of economics at Delhi's Jawaharlal Nehru University and a prominent left-wing columnist. But the country's focus now is more on the effect of the Communists' absence. Unshackled from leftist dogmas against free...

Author: /time Magazine | Title: Why India's Communists Are Losing Ground | 5/25/2009 | See Source »

...Observers outside India have hailed the general results of this month's polls as a sign of stability and progress. Rather than vote along divisive lines of caste or creed, peddled by some candidates and parties, the electorate rewarded good governance and platforms that promised further development. The right-wing BJP is flailing desperately to recast itself as a more moderate political force; the CPI-M faces a long spell out in the cold. "All of us Indians have been shocked by how long the old ideas have lasted," says Bhalla. "But now we are graduating to a sort...

Author: /time Magazine | Title: Why India's Communists Are Losing Ground | 5/25/2009 | See Source »

...Bull has always been upfront about the recipe for its new cola. Its website boasts colorful pictures of coca, cardamom and Kola nuts, along with other key "natural" ingredients. The company insists, however, that coca leaves are used as a flavoring agent only after removing the illegal cocaine alkaloid. "De-cocainized extract of coca leaf is used worldwide in foods as a natural flavoring," said a Red Bull spokesman in response to the German government's announcement. Though the cocaine alkaloid is one of 10 alkaloids in coca leaves and represents only 0.8% of the chemical makeup of the plant...

Author: /time Magazine | Title: Red Bull's New Cola: A Kick from Cocaine? | 5/25/2009 | See Source »

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