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...issue of protectionism is a good deal more tricky. The leaders will make a good show of keeping trade barriers low, but if the economy keep getting worse. the reality may not match the talk. The US government, although it is considered more liberal on trade than almost any country in the world, may be pushed in the direction of restricting commerce with other nations if the other nations act first. Obama faces the problem of having a Congress which will generally support him. But, when a Representative's district is losing jobs because of the dumping of Japanese steel...

Author: /time Magazine | Title: What if the G-20 Summit Works? | 4/2/2009 | See Source »

...latest economic forecast released March 31, the OECD expects unemployment in Germany to rise from its current 8.6% to 11.6% by the end of 2010 - higher than many of its European neighbors - despite the special job-preservation measures. The organization expects Japan's unemployment rate will also rise, although less dramatically, to above 5.5% next year from...

Author: /time Magazine | Title: Can These Jobs Be Saved? | 4/2/2009 | See Source »

When Bloomberg introduced PlaNYC in 2007, one goal stood out: New York would reduce greenhouse-gas emissions 30% by 2030. Although the city is experimenting with clean-energy sources such as offshore wind turbines and solar panels, improving the energy efficiency of New York's buildings is essential. It won't be easy. Electricity use grew 23% over the past decade, twice as fast as the population, and much of the city's aging building stock leaks heat and energy like a sieve...

Author: /time Magazine | Title: The Big (Green) Apple | 4/2/2009 | See Source »

They weren't gay. They weren't part of the Trench Coat Mafia (although there was a real Trench Coat Mafia). They weren't nerds or outcasts or goths, and they didn't target jocks or black people or anybody in particular. They did not go bowling for Columbine. They skipped class that morning instead...

Author: /time Magazine | Title: The Meaning Of Murder | 4/2/2009 | See Source »

...This issue popped up again, in the most oblique way, later on Wednesday, when Obama met with Chinese President Hu Jintao. Although the issue of imbalances was not raised directly by either man, according to a senior U.S. Administration official, the joint statement released by the two nations said both countries want to deal with the underlying causes. "[Obama] underscored that once recovery is firmly established, the United States will act to cut the U.S. fiscal deficit in half and bring the deficit down to a level that is sustainable," the statement reads. "President Hu emphasized China's commitment...

Author: /time Magazine | Title: The G-20's Hidden Issue: A Global Trade Imbalance | 4/1/2009 | See Source »

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