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Location doesn't help the company. Most of Jamba's 749 stores are in California, where the housing market is particularly harsh and where unemployment is at a 15-year high. Jamba announced plans to cut $25 million in costs for 2009, while opening 50 franchise outlets at colleges, airports and malls. To spark sales, the company has introduced oatmeal to its breakfast menu. Can that lift a struggling chain? Unfortunately, you probably shouldn't bet on it. These days, who has enough money for oatmeal...

Author: /time Magazine | Title: Retailers on the Ropes: Can These Companies Survive? | 1/29/2009 | See Source »

Melton faced mounting political pressure too. In 2004, voters in California approved a measure providing $3 billion in state funding to embryonic-stem-cell research. That threatened to draw scientists in the stem-cell community west, and Melton took pains to foster a "band of brothers" mentality. "I tried to create a cocoon here," he says, "and tell people that your job is to focus on the science. Don't worry what the politicians say." By then, Melton's team was one of only a handful in the country working on embryonic stem cells and was making headway in teasing...

Author: /time Magazine | Title: Stem-Cell Research: The Quest Resumes | 1/29/2009 | See Source »

...Doug drew a line in the sand," says Alan Trounson, president of the California Institute of Regenerative Medicine, the organization charged with dispensing state money for embryonic-stem-cell research. "He turned the tables on an Administration that was incredibly negative toward stem cells and showed [it] we are not going to tolerate being put out of this field by ideological views that we don't think are correct." Melton's motivation was, again, both professional and intensely personal. Two months after Bush announced his ban, Melton's daughter Emma, then 14, also received a diagnosis of Type 1 diabetes...

Author: /time Magazine | Title: Stem-Cell Research: The Quest Resumes | 1/29/2009 | See Source »

...California may be the best example to illustrate why the stimulus package will be "slow acting". It has among the highest unemployment rates. The infrastructure programs available for California would include broadband expansion, IT enhancement, and energy grid enlargement. The regulatory environment in California has always been strict. Almost all the federal government stimulus packages will require approval, likely from multiple bureaucracies in this state. This alone means that the economic crisis in the Golden State cannot be mitigated in any serious way until well into...

Author: /time Magazine | Title: Is California the State Closest to Economic Ruin? | 1/28/2009 | See Source »

...difficult logistics of buying real estate are more political than they are practical. Buying housing in Florida or California might do more to help values recover because prices are dropping faster in those regions. A Congressman from Kentucky might want to see most of the money go to buy farmland in his state. But the same haggling will apply to the infrastructure programs the government is planning...

Author: /time Magazine | Title: Memo To Congress: "Buy Land, They Ain't Making Any More Of It" | 1/28/2009 | See Source »

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