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...simple. It's straightforward. And it provides a pretty accurate count of those who really, really want jobs. But it also misses millions of people who may not be actively looking for a job but would happily take one if offered. Those ranks surely swell in a deep recession or during a time of economic turmoil that destroys entire job categories (like autoworker). The government's statisticians are aware of this, and since the 1970s the BLS has published broader measures of unemployment that include at least some of these people. In 1994 the broadest measure - which counts as unemployed...

Author: /time Magazine | Title: The Real Jobless Rate | 12/21/2009 | See Source »

...plastic evokes Baby Tender Love. They recall the gust of freedom a new bike blew in, and the endless architectural possibilities provided by a tub of Legos: six bricks fit together in 102,981,500 ways. Will any of this season's hot toys leave marks so deep? Or would strapped parents do better to remember the toys that changed them and go looking elsewhere? (Facebook users, comment on this story below...

Author: /time Magazine | Title: Forget Zhu Zhu Hamsters, Classic Toys Have Power | 12/21/2009 | See Source »

...armed separatist group, the all-consuming mission of his four years in office. Since the collapse of the Tigers, Colombo has been full of enormous cut-outs of the president, congratulating him on his victory. Rajapaksa called early elections to capitalize on the post-war euphoria. (See pictures from deep inside Tamil Tiger territory in Sri Lanka...

Author: /time Magazine | Title: The Conquerors of the Tigers Now Battle for the Spoils | 12/20/2009 | See Source »

...leadership, the guidance, the orders from top." But burnishing his security acumen and resting on his military accomplishments might not be enough to assure Fonseka an electoral victory. Many Sri Lankan voters have moved on to more immediate concern - steeply rising inflation and jobs threatened by a deep global recession and a downturn in major export earners including tea and the garment industry. Fonseka had little to say about economic policy other than to promise "development...

Author: /time Magazine | Title: The Conquerors of the Tigers Now Battle for the Spoils | 12/20/2009 | See Source »

...chance to make a fence. And more than that, they will have a chance to clear the area on their side, take all of the villages off and make it a free, smooth area that they can control," he says. Indeed, the Saudis are already enforcing a 10 km-deep buffer zone inside the Yemeni border. (See TIME's tribute to people who passed away...

Author: /time Magazine | Title: Yemen's Hidden War: Is Iran Causing Trouble? | 12/18/2009 | See Source »

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