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...last for years. The unpredictable duration of this downturn magnifies the problem that as workers get pushed out of jobs, they cease being consumers. More firms see their sales fall as the consumer population shrinks. These companies, then, have to fire more employees in the hope that they can drive expenses down fast enough to catch cascading revenues...

Author: /time Magazine | Title: A Double Dip Layoff Economy | 2/9/2009 | See Source »

...ball kicked out to the top, but with just fifteen seconds to play, the Crimson blew a transition opportunity, only to see the ball get kicked out to Lin with seven seconds to play. The rest was Crimson history, as the drive, pump fake, foul, and free throw completed an astonishing 11-point Harvard comeback over the last ten minutes of play...

Author: By Walter E. Howell, CRIMSON STAFF WRITER | Title: Crimson Snaps Losing Streak With Narrow Victory Over Brown | 2/9/2009 | See Source »

...Madoff case is just one example of the terrible news gripping the economy and financial markets of late, news that in extreme cases can drive people to take their own lives. Two prominent businessmen, one in Germany and another in England, recently threw themselves in front of speeding trains after grappling with the wreckage of their beaten-down companies. And late last month, a Los Angeles area man despondent over his faltering finances murdered his wife and five children before killing himself...

Author: /time Magazine | Title: Suicides: Watching for a Recession Spike | 2/9/2009 | See Source »

...there is no God seems a bit insensitive when God is probably all they have left in the world." Dawkins believes that's neither here nor there. "It's not the business of a driver to censor the advertisements that go on his bus. It's his job to drive...

Author: /time Magazine | Title: Christians and Atheists Battle in London Bus Wars | 2/8/2009 | See Source »

...Luckily, one doesn't have to travel far from Shaoshan and its blaring patriotic songs and armies of hawkers to find a more nuanced and interesting look at modern China. The birthplace of Liu Shaoqi, another communist leader and Mao's contemporary, lies an hour's drive from Shaoshan in Ningxiang county. Liu's memorial is quiet and forested. Once you pass through the entry gates there are no touts or trinket stands, and noticeably fewer visitors. Liu was known as a practical, down-to-earth official. During an inspection tour of the region in 1961, he learned...

Author: /time Magazine | Title: Mao's Hometown | 2/5/2009 | See Source »

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