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...Money is like blood. It needs to keep moving around to keep the economy going," he says, noting that when money is spent elsewhere-at big supermarkets, non-locally owned utilities and other services such as on-line retailers-"it flows out, like a wound." By shopping at the corner store instead of the big box, consumers keep their communities from becoming what the NEF calls "ghost towns" (areas devoid of neighborhood shops and services) or "clone towns", where Main Street now looks like every other Main Street with the same fast-food and retail chains...

Author: /time Magazine | Title: Buying Local: How It Boosts the Economy | 6/11/2009 | See Source »

...data keep reinforcing the story that the U.S. economy has turned a corner and should be out of recession sooner rather than later. The latest strong signal came on Friday, when the Labor Department's May employment report showed a dramatic slowing in job losses, to 345,000, down from 504,000 in April and a peak of 741,000 in January. That many jobs lost in a month is still horrible, but the big change from the previous month and the fact that forecasters expected far worse are both indications that the economic tide has probably turned...

Author: /time Magazine | Title: Economic Recovery: Will Corporate Profits Recoup? | 6/9/2009 | See Source »

...underline that his endorsement was strictly personal) and Pennsylvania Governor Ed Rendell. "To have Governor Schweitzer and Governor Rendell as validators to say Terry McAuliffe can create jobs, that given our experience as governors we have confidence in this guy, that's important," McAuliffe said standing under a Corner Bakery patio awning to protect against the driving rain in Arlington...

Author: /time Magazine | Title: Will Dems (and McAuliffe) Buck Tradition in Virginia? | 6/9/2009 | See Source »

...rather than put up with as part of the economy." Steves roots his followers not in a city's tourist meccas but in neighborhoods like Trastevere in Rome and around the rue Cler in Paris and then uses these as staging areas from which to explore. Relying on the corner bakery, café or farmacia puts Steves' devotees closer in habits to your average European than typical American tourists would otherwise...

Author: /time Magazine | Title: Rick Steves: The Traveler's Aid | 6/8/2009 | See Source »

...that's why he ordered American troops and Germans from the nearby town to tour the camp. He invited congressmen and journalists to bear witness and ordered photographs and films to be made. And he insisted on viewing every corner of these camps so that - and I quote - he could "be in a position to give first-hand evidence of these things if ever in the future there develops a tendency to charge these allegations merely to propaganda...

Author: /time Magazine | Title: Remarks at Buchenwald Concentration Camp | 6/5/2009 | See Source »

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