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...likely that investors will be reluctant to bet on nascent signs of improving credit so long as the housing market remains in turmoil. On Wednesday morning President Obama and Treasury Secretary Timothy Geithner will appear at a high school in Arizona to unveil their new plan to stem the tide of housing foreclosures. The financial community's response to that plan will likely be writ large in the stock market averages by late morning...

Author: /time Magazine | Title: Why the Stock Market Keeps Plummeting | 2/17/2009 | See Source »

...need backing from Obama, along with a plan to spend defense dollars more smartly, during the recession. Despite the protestations of lawmakers, defense spending is an inefficient way to create jobs because the skills that defense jobs demand require premium paychecks. (Civilians working on missile defense for Boeing in Arizona earn three times the state average, the company boasts--great for them, but not so good for taxpayers or the unemployed.) Gates has sent the White House $10 billion in military projects to include in the stimulus package--barracks, hospitals, clinics, child-care centers--that can more quickly generate jobs...

Author: /time Magazine | Title: Can Robert Gates Tame the Pentagon? | 2/12/2009 | See Source »

...homes at all because they don't have the income," says Edward Leamer, professor of economics at UCLA. "We have to figure out what to do with these folks." There have been ideas on how to return owners to the rent rolls. Last year, for example, Arizona Congressman Raúl Grijalva proposed changing foreclosure rules to let homeowners petition a judge to let them remain where they are as renters for a defined period...

Author: /time Magazine | Title: How to Fix the Housing Market | 2/12/2009 | See Source »

...pair of Arizona State University staffers, with some business partners, started Ticketmaster in 1976, which sold its first tickets the following year for an event at the University of New Mexico. In 1981, the company opened its first overseas operations and in 1982, a new CEO named Fred Rosen took over the company. Rosen, who told the Los Angeles Times in 1985 that his competitors were "asleep at the switch," was an aggressive businessman and proud of it. He was so good at dominating the ticket industry (and consequently became practically the only game in town) that Pearl Jam rebelled...

Author: /time Magazine | Title: Ticketmaster | 2/11/2009 | See Source »

Senators Tom Coburn, a Republican from Oklahoma, and Jon Kyl, a Republican from Arizona, contended that Kagan’s lack of Supreme Court experience might hurt her ability represent the government before the high court...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Kagan Hearings Proceed Smoothly | 2/11/2009 | See Source »

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