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...flag after another. They also underline a worthwhile point: for all the grumbling about the deficiencies of the economic-stimulus package, it has have been the glue holding states' tattered budgets together. And the boost it has offered will inevitably wane. "Several revenue failures are generating a lengthy chain of acute budget gaps," the report notes. "Because the current state fiscal crisis began in FY 2008, many states are looking at a minimum of four to five years of deep fiscal problems." The headline of one ominous section - "The Foreboding Future" - is really all you need to know. The rest...

Author: /time Magazine | Title: Why States' Budget Woes Won't End Soon | 7/23/2009 | See Source »

...poor student,” he enjoyed going to the “Bargain Alcove,” a shelf where damaged books were sold for as little as $4 or $5. He said he would be disappointed if a restaurant or other commercial chain replaces the display room in the Holyoke Center...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Harvard University Press Closes Display Room, Goes Digital | 7/23/2009 | See Source »

Indonesia's Metro TV quoted Nuruddin, an employee at the Marriott, saying that a body with no head or feet had been found. The news station reported that another headless body was found in the Ritz-Carlton, also operated by an American hotel chain and with the same Indonesian owner. "The bombs could have been on timers or strapped to suicide bombers," says Conboy, author of The Second Front, an examination of Jemaah Islamiah (JI), a homegrown, regional terrorist network with ties to al-Qaeda. "If they were suicide bombers it was most likely the work of religious radicals...

Author: /time Magazine | Title: After a Four-Year Calm, Bombs Hit Jakarta Hotels | 7/17/2009 | See Source »

...purchasing produce at a supermarket and at a farmer's market and found that twice the money stayed in a community when folks bought locally. A study of Grand Rapids, Mich., released last fall by consulting firm Civic Economics, concluded that a 10% shift in market share from chain stores to independents would yield 1,600 new jobs and pump $137 million into the area. "Money is like blood," says NEF researcher David Boyle. Local purchases recirculate it, but patronize mega-chains or online retailers, he says, and "it flows out like a wound...

Author: /time Magazine | Title: Tough Times Lead to Local Currencies | 7/13/2009 | See Source »

...Andrew, a wife, even a nice one like Anna, is by definition a ball and chain. Arriving uninvited and unannounced in the middle of the night, he is wildly enthusiastic, proclaiming his love for Ben with ferocious bear hugs and many "I love you, man"s. Anna he waggles his finger at, telling her, "And you. I don't love you yet, but I will." (This might be a threat.) Her eyebrows arch delicately, conveying not just mild horror but consternation over her own reaction. She knows she's too cool to be ruffled and jealous...

Author: /time Magazine | Title: Humpday: Guy Love Without the Gimmicks | 7/10/2009 | See Source »

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