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...Ukraine has been hit harder than most by the financial crisis. The metal and chemical industries that drive the country's economy have slashed production, unemployment is on the rise - according to the Kiev International Institute of Sociology (KIIS), over 10% of Ukrainians have lost their jobs since the start of the crisis - and the hryvnia has plummeted, shedding over a third of its value against the dollar since last summer...

Author: /time Magazine | Title: Political Fights Sour Ukraine Economy | 3/6/2009 | See Source »

...cruel and obnoxious as the comment was, it was a reasonable expectation. Of the 6,000 residents of Attica, nearly two-thirds are prisoners, most from troubled neighborhoods in Martin's hometown of New York City, about an eight-hour drive south. Like so many other states over the past three decades, as the nation's prison population has exploded from 307,000 to 1.6 million, New York has come to see incarceration as a major source of employment. The corrections department is the state's largest agency, employing more than 31,000 people at 70 institutions...

Author: /time Magazine | Title: Another By-Product of the Recession: Ex-Convicts | 3/6/2009 | See Source »

...lawmakers, his command that they fix the problem was the stick. At one point, he joked about Whitehouse's allusion during the breakout session to Thelma and Louise, a movie that ends with the protagonists dying in a blaze of glory. "If you actually saw the movie, they did drive over the cliff," he said, to laughter. "So just want to be clear, that's not our intention here...

Author: /time Magazine | Title: Obama Stands Aside, Slightly, at Health Summit | 3/6/2009 | See Source »

...street, there's a Modernist chapel, a lonely vigil of virtue on the Strip - people seek salvation elsewhere in this town. Look west toward the mountains and you can trace the Vegas real estate developers' dash toward the horizon with building projects. Now as far as you can drive, there are foreclosed homes and empty new developments offering come-ons to prospective buyers...

Author: /time Magazine | Title: Stick It to the Recession: Wynn's Vegas Encore | 3/5/2009 | See Source »

...island, and one of them, Kilauea, has been continuously erupting since 1983 from a vent known as Pu'u 'O'o. World-class resorts and beaches with black, white or green sand abound, but the real draw for thousands of travelers are the lava spurts and cascades themselves. Visitors drive down the slope from the forested uplands of misty fern to the coastline of cracked rock to watch the molten lava rivers that regularly explode into the Pacific under massive steam clouds. The foolhardy climb over the heated ground to catch an up-close glimpse of the liquid rock, despite...

Author: /time Magazine | Title: Up Close and Personal with Hawaii's Volcanoes | 3/5/2009 | See Source »

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