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...decades, the Democratic Party has been slowly losing white working-class voters. In 2004, President Bush beat John Kerry by 34 electoral votes, clinching the key battleground in Ohio. Even a tiny shift among white working-class voters could have changed the outcome...

Author: /time Magazine | Title: Obama's Bitter Lesson | 4/17/2008 | See Source »

Investor Wilbur Ross called attention to the "relatively unparalleled" values in the muni-bond market in March, when he revealed a $1 billion position. Muni yields almost never beat Treasury yields because both are considered safe, but the income from munis is tax exempt. That anomaly occurred earlier this year, and even though some order has been restored, muni yields remain historically high. "These aren't as safe as cash," says Mark Soehn, managing director at Financial Solutions Advisory Group in Chicago. "But the risk is well worth it." He recently put his clients into the BlackRock International Municipal closed...

Author: /time Magazine | Title: Surviving Market Mayhem | 4/17/2008 | See Source »

...This is the endgame of the endgame. Checkmate already happened on the 29th of March.' TENDAI BITI, secretary-general of Zimbabwe's main opposition party, saying it would not take part in a runoff election because its presidential candidate, Morgan Tsvangirai, beat President Robert Mugabe outright in the March contest...

Author: /time Magazine | Title: Verbatim | 4/17/2008 | See Source »

...company's commitment to constantly upgrading its technology, like the automated cutting machine installed in March 2007. (Ramirez and other cutters still handle the most expensive and delicate fabrics by hand.) "If you don't believe in a factory, you don't buy new machinery, and other people beat you at quality and productivity," says Del Vecchio. "It's the dog eating its own tail, and in the end, you have to close. That's the story of a lot of American manufacturing." At the Brooks tie factory, they tell a different...

Author: /time Magazine | Title: Sewn in the U.S.A. | 4/17/2008 | See Source »

...problems we all face, they beat a lot of people," says Mel Gibson, who has been Downey's friend since they met on the set of 1990's Air America. "You try and deal with it. You try and manage it. I share that with him." Gibson, who has talked openly about his own alcoholism, gave Downey his first post-rehab film break, in 2003's The Singing Detective; as producer, Gibson put up the insurance money for his friend. Slowly, Downey re-established his credibility, making 16 more films in the next five years, including critical favorites Kiss Kiss...

Author: /time Magazine | Title: Robert Downey Jr.: Back from the Brink | 4/16/2008 | See Source »

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