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What may end up being novel about the California jobless rate is how quickly it might be reversed by the capital, which will be injected into the economy by the new federal stimulus package. This state may end up being a sign of things to come. The foreclosure rate in...

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

The persistent criticism of the administration's plan to revive the economy is that the money goes into the system too slowly. It will take months to get capital for large infrastructure programs from the Treasury to the private enterprises that have to do the work and hire the people...

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

As dividend cuts move from company to company, more capital is taken out of the hands of consumers who already have barely enough cash to make ends meet. It is another one of the unforeseen domino effects of the growing economic turmoil. And, it is another hole for the stimulus...

Author: /time Magazine | Title: The Death of Dividends | 1/27/2009 | See Source »

It has been almost 10 months since Zimbabwe's opposition beat Robert Mugabe's ruling Zimbabwean African National-Popular Front (Zanu-PF) in a general election. Mugabe refused to accept the outcome, calling it a "mistake," and unleashed a wave of violence against MDC supporters. After winning a run-off...

Author: /time Magazine | Title: A Deal in Zimbabwe — Or Maybe Not | 1/27/2009 | See Source »

Power sharing negotiations between Robert Mugabe's regime and the opposition Movement for Democratic Change (MDC) ended in confusion Tuesday, when mediators announced a deal - only for the opposition to immediately deny one. "All the parties expressed confidence in the process and committed to implementing the agreement," South African President...

Author: /time Magazine | Title: A Deal in Zimbabwe — Or Maybe Not | 1/27/2009 | See Source »

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