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Russia needs foreign companies to plug a huge hole in Putin's economic policies. In his first term as President, Putin introduced modern tax and corporation laws. But he failed to spur the development of a business infrastructure that would enable Russia to diversify away from its over-reliance on...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

Network digitally. For help in landing a job, the unemployed are digging ever deeper into their address books, not to mention their favor banks. And they're not just dialing up old friends and recruiters. They're also digitizing their Rolodexes. LinkedIn, a professional-networking site whose members' average household...

Author: /time Magazine | Title: The Six-Figure-Job Hunt | 12/11/2008 | See Source »

* | What They're Bailing Out in Italy: In tough economic times, nations have to set financial priorities: infrastructure, jobs ... dairy products? According to the Wall Street Journal, the Italian government is putting up $65 million to purchase 200,000 wheels of Parmigiano-Reggiano and Grana Padano cheese to donate to...

Author: /time Magazine | Title: The World | 12/11/2008 | See Source »

Frantic Bookstore customers should be forgiven for riffling through the pages of this slim book. After all, this is the new Nobel laureate in economics addressing the main--perhaps only--topic of conversation these days. But Krugman's assessment is only partly reassuring: "We're not in a depression now...

Author: /time Magazine | Title: The Return of Depression Economics and the Crisis of 2008 | 12/11/2008 | See Source »

In a three-level house, a pregnant woman with two young children shares her home with mice scurrying through the rooms. Some of the other tenants in her neighborhood have lost running water and heat when their landlords failed to make mortgage payments and the banks seized ownership of the...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: ‘No One Leaves’ Keeping People Put | 12/11/2008 | See Source »

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