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...Most recessions in the last fifty years have lasted three or four quarters. That meant that as the economy fell apart, companies would make predictions for the upcoming year and expect that financial circumstances would improve. These companies might have gone through one set of deep cuts to offset dropping sales, but, as the expense benefits from those layoffs began to bear fruit, a new recovery started...

Author: /time Magazine | Title: A Double Dip Layoff Economy | 2/9/2009 | See Source »

...earlier yielded to the current deal that was brokered by the Southern African Development Community, it was up to the 60-member MDC national executive council to vote either in favor of or against participation. After an intense and charged internal debate that threatened to tear the party apart, the national executive council voted for participation. This decision represents an immense ideological shift by the MDC, a party that has always insisted on free and fair elections as the highway to political office. Like it or not, the party’s decision has to be respected. Simply, that...

Author: By Brighton Mudzingwa | Title: The Bittersweet Zimbabwe Deal | 2/8/2009 | See Source »

Thus, though corruption and the battered Israeli economy have also beset the country, Israelis are scared about the security of their country, with perceived threats coming from Iran, the Lebanese militia Hizballah to the north apart from the Islamic militants Hamas in Gaza. Netanyahu and other hawkish politicians are capitalizing on these fears, arguing, for starters, that Israel's 22-day assault on Gaza should have pressed on until Hamas was crushed. Despite the punishing Israeli offensive, the Palestinian Islamists are still firing rockets sporadically from Gaza. (See pictures of heartbreak in the Middle East...

Author: /time Magazine | Title: Israel's Elections: Making a Hard Right | 2/8/2009 | See Source »

Many other large company boards have abdicated their responsibilities to their shareholders as the firms that they were supposed to protect fell apart. It is remarkable that so few directors at other large companies have learned so little from these failures in governance. More large companies may fail as a result...

Author: /time Magazine | Title: Boards Refuse to Act Despite Poor Governance | 2/5/2009 | See Source »

Through personal swipes and broad generalities, Royal paints a picture of a dysfunctional and self-defeating Socialist Party constantly torn apart by individual ambition. But critics say Royal is part and parcel of the very thing she criticizes. Moreover, in blaming fellow Socialists, the media and Sarkozy's allies for conspiring to deny her, Royal frequently comes off sounding alternately self-aggrandizing and paranoid. "This book is bizarre, because it shows Royal shedding the profile and language of traditional politicians without her assuming any other persona beyond someone demanding attention from the public and media," says Dominique Reynié, director...

Author: /time Magazine | Title: Ségolène Royal's Book-Length Whine | 2/5/2009 | See Source »

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