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...jobs, the question is whether the U.S. labor market's fortunes are about to plunge even more steeply. In the eyes of many experts, the answer is a bleak one. "Unfortunately, the worst is to come," says Robert Reich, a former U.S. Secretary of Labor under President Bill Clinton and a professor at the University of California, Berkeley. Reich argues that consumers have only begun to tighten their purse strings, which will shrink business markets and force employers to cut costs largely through payroll reductions. "We will see substantial layoffs in the coming months, and probably through 2009," he says...

Author: /time Magazine | Title: Corporate Layoffs: The Worst is Yet to Come | 11/4/2008 | See Source »

...Oval Office, Obama shattered fundraising records, defeated one-time Democratic front-runner Hillary Rodham Clinton, and convinced a country to focus on his message of change, not his relatively thin resume...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: OBAMA WINS HISTORIC VICTORY | 11/4/2008 | See Source »

...will require strong support at home - and it's not clear that exists yet. (Bush gets the blame for ditching Kyoto, but don't forget that the Senate in 1997 voted 95-0 that the U.S. shouldn't sign onto the protocol in its finished form, and President Bill Clinton never brought the treaty to Congress.) It'll be up to the next President - with the help of a somewhat greener Congress - to change that, even as he copes with a hemorrhaging economy. But there's one bright side for President 44: He doesn't have much to live...

Author: /time Magazine | Title: Offsetting Bush's Green Legacy: Advice for No. 44 | 11/3/2008 | See Source »

...Obama got creamed here in the primaries. But now he has two popular surrogates: Ted Strickland, who spent 12 years representing this area in Congress before becoming governor, and Hillary Clinton, who barnstormed here on Friday. McCain appeared here in two rallies last week, where he focused on middle class economic issues. "That region has many people who like their guns, are fairly religious, and some have questions about voting for a black candidate," says Dave Cohen, a political science professor at the University of Akron. "But Obama has Strickland, which is a huge advantage...

Author: /time Magazine | Title: The Close Contest in Ohio's Three Battlegrounds | 11/2/2008 | See Source »

...Bruce Springsteen is scheduled to open for Obama in Cleveland on Sunday. Former President Bill Clinton introduced him in Kissimmee, Florida, on Wednesday. And on Friday Obama became the first presidential candidate to inspire Al and Tipper Gore back on the campaign trail in Florida, the state that cost Gore the presidency in 2000. Returning to the hotel in Kissimmee Wednesday night, the traveling press were surprised to find actor Jimmy Smits - who played a presidential candidate roughly based on Obama in the final season of the The West Wing. Smits had also been stumping for Obama that...

Author: /time Magazine | Title: Obama's Last Lap: Cue Chariots of Fire | 11/2/2008 | See Source »

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