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...Because most of the money earmarked to come from the government into the financial and credit system will not arrive until the second half of the year, unemployment may well be over 9% before aid can support job creation. The retail industry is bleeding jobs. Circuit City has just liquidated, leaving 30,000 people out of work. Unless these newly and soon-to-be unemployed have special skills that will allow them to work in areas other than retail, the economy has no place to employ them...

Author: /time Magazine | Title: The Economy: A Portrait Of The 2012 Inauguration | 1/20/2009 | See Source »

...most powerful person in the wealthy Dallas enclave his family is moving to after Washington. Might be. So what's a former president to do? Bush has said he's going to work on his library, write a memoir, and earn some bank on that mythical "speaking circuit" that has proved so remunerative for Presidents past. His immediate predecessors include two astoundingly productive ex-presidents (Jimmy Carter and Bill Clinton), some lackadaisical ones (Gerald Ford, George H.W. Bush), a disgraced lion in winter (Richard Nixon) and a man who, in hindsight, was likely in the emerging stages of a devastating...

Author: /time Magazine | Title: Presidential Second Acts | 1/20/2009 | See Source »

...There is little doubt that Clinton's husband will figure in the conversation as well, no matter how much she might prefer that he not. Former President Clinton's wide-ranging international activities include tours on the lecture circuit, which earn him tens of thousands of dollars per speech, and a massive charitable foundation, which has received contributions from multiple foreign sources, including Qatar, Saudi Arabia and Kuwait, as well as the military contractor Blackwater. Republicans like South Carolina's Jim DeMint are expected to grill Clinton on the disclosure requirements that she and her husband agreed to in lengthy...

Author: /time Magazine | Title: Clinton's Senate Hearing Is First Diplomatic Test | 1/13/2009 | See Source »

...tennis world, Rafael Nadal is such an animal. Based on the island of Majorca, Nadal and his family shunned mainstream training programs as he grew up, preferring the more homespun methods of Rafael's uncle Toni, whose tennis credentials consist of a brief stint competing on the national circuit. Passing up funding from Spain's national tennis academy, and scholarship money from America's private academies, Rafael and Toni would travel to the mainland only when a tournament required it. More skillful opponents were viewed as problems to overcome, not exemplars to be mimicked. Nadal - who first picked...

Author: /time Magazine | Title: Tennis: Nadal's New Spin | 1/8/2009 | See Source »

...exported e-waste ends up in Guiyu, China, a recycling hub where peasants heat circuit boards over coal fires to recover lead, while others use acid to burn off bits of gold. According to reports from nearby Shantou University, Guiyu has the highest level of cancer-causing dioxins in the world and elevated rates of miscarriages. "You see women sitting by the fireplace burning laptop adapters, with rivers of ash pouring out of houses," says Jim Puckett, founder of Basel Action Network (BAN), an e-waste watchdog. "We're dumping on the rest of the world...

Author: /time Magazine | Title: E-Waste Not | 1/8/2009 | See Source »

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