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Federal Reserve Chairman Ben Bernanke says the U.S. recession is over. But even if a recovery is under way, for millions of people there's little reason to celebrate, according to studies led by Till Marco von Wachter, a Columbia University economist. His research found that the deleterious effects of a downturn on its victims can last decades and, for some, actually prove fatal. Von Wachter talked with TIME recently about his findings...
Despite the risks, many analysts still like Dollar Tree's plan. Though the worst of the downturn may be over, the recovery promises to be slow. "Extreme value is going to be the gold standard as far as the eye can see," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail-consulting and investment-banking firm. In addition, Dollar Tree is well positioned to take advantage of low real estate prices. "Landlords are looking for growing retailers to fill vacant boxes," says Champine. "Dollar Tree fits." (Read "Inspired by McDonald's, Walmart Creates Its Own Dollar Menu...
...well-placed source has confirmed to TIME that Perry ignored the written pleas from several members of the Texas Forensic Science Commission, including two of his own appointees, to reappoint the board's well-respected chairman, Austin lawyer Sam Bassett. Bassett's departure has resulted in a delay in an important investigation of evidence in a death-penalty case that critics say will prove an innocent man was executed on Perry's watch. (Read 10 stories of wrongfully imprisoned men exonerated by DNA evidence...
...state that too frequently has been in an unwelcome spotlight on issues of crime and punishment. Recently, Texas has been working to show that it is not all frontier justice and, indeed, the day Perry's office announced he was dropping Bassett and appointing a new commission chairman, the governor also issued a "pardon for innocence" for James Lee Woodard, released last year after serving 27 years in prison for a murder and rape he did not commit. Woodard was exonerated on the basis of DNA testing urged by the New York City-based Innocence Project, led by noted defense...
...apparent cusp of the forensics board's re-examination of the evidence in the Willingham case, Perry has not only dropped forensics chairman Bassett but two other members of the body, Fort Worth prosecutor Alan Levy and forensics expert Aliece Watts, both of whom had written letters to Perry in support of Bassett continuing as commission head so their work could continue without interruption. Scheck compared Perry's failure to reappoint the three to the infamous Saturday Night Massacre of 1973 when President Nixon fired the special prosecutor investigating the Watergate scandal. But Perry's office said the changes were...