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...decline in jobs, the question is whether the U.S. labor market's fortunes are about to plunge even more steeply. In the eyes of many experts, the answer is a bleak one. "Unfortunately, the worst is to come," says Robert Reich, a former U.S. Secretary of Labor under President Bill Clinton and a professor at the University of California, Berkeley. Reich argues that consumers have only begun to tighten their purse strings, which will shrink business markets and force employers to cut costs largely through payroll reductions. "We will see substantial layoffs in the coming months, and probably through...

Author: /time Magazine | Title: Corporate Layoffs: The Worst is Yet to Come | 11/4/2008 | See Source »

...cuts for the middle class and his emphasis on a cooperative foreign policy as key progressive elements of the presiddential hopeful’s platform. “Economic outcomes have been better under more progressive leadership,” he said, crediting the policies of former president Bill Clinton with spurring one of the most “prosperous times in American history.” (Summers spent his term as Treasury Secretary under Clinton.) The former University President currently serves as the Chairman of Hillel’s Council of Overseers, and has long been...

Author: By Brian Mejia, CONTRIBUTING WRITER | Title: Summers Talks Economy, Election at Hillel | 11/4/2008 | See Source »

Summers, who served as Secretary of the Treasury under Bill Clinton, has been reported as a possibility for the head treasury position in an Obama administration...

Author: By Lois E. Beckett, CRIMSON STAFF WRITER | Title: Summers To Make D.C. Comeback? | 11/4/2008 | See Source »

...scrap such machines, saying, "I get a receipt when I go to the bank or get gas, so why not for the most precious thing we have - the vote?" Though legislation was introduced last February requiring hard copies for "e-voting" results, Congress has yet to vote on the bill (known as the Voter Confidence and Increased Accessibility...

Author: /time Magazine | Title: Ballots in America | 11/3/2008 | See Source »

...same demographic outraged by the Republicans' anti-immigration push over the past few years, which has helped propel Obama in neighboring New Mexico, Nevada and Colorado. While McCain has long had a reputation as a moderate on immigration, during the primary season he distanced himself from the 2006 bill he had co-sponsored that offered a path to citizenship. That has not exactly endeared him to the 1.8 million Latinos living in Arizona, who make up 4% of the U.S. Latino population. The Pew Center estimates that there are 677,525 eligible Latino voters, the majority of them under...

Author: /time Magazine | Title: Why Arizona Is Not a Lock for McCain | 11/3/2008 | See Source »

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