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...says that even by the middle of this year, the stimulus bill would have a positive effect on the unemployment rate. Without the stimulus, the two economists predicted, the unemployment rate would rise to around 8.5% by the middle of this year; add the stimulus, and that rate would drop by half a point. In reality, the unemployment rate is a full percentage point higher than what Romer and Bernstein predicted it would be without a stimulus...

Author: /time Magazine | Title: Obama's Stimulus Plan: Failing by Its Own Measure | 7/14/2009 | See Source »

...Twitter in the media has grown tiresome [June 15]. Steven Johnson reports that Twitter had 17.1 million visitors internationally in April, but with the U.S. population at more than 300 million, the percentage of users that are American is pretty small. Furthermore, according to Nielsen, 60% of users drop out after a month. "Once just a fad"? Sounds like it's still a relatively small and concentrated fad. Members of the media never grasp that they are not representative of the country as a whole. Barb Neff, SANTA MONICA, CALIF...

Author: /time Magazine | Title: Turn Off, Tune In, Log Out | 7/13/2009 | See Source »

...piece of welcome news for students struggling to pay for college, the Federal Government is offering a loan-repayment plan that reduces monthly bills for graduates who take home thinner paychecks. The new policy is accompanied by an interest-rate reduction on new federal subsidized Stafford loans, which will drop from 6% to 3.4% by 2012. Students who work in public service can have the balance of their loans forgiven after 10 years...

Author: /time Magazine | Title: The World | 7/13/2009 | See Source »

...only takes Andrew an afternoon to befriend a like-minded, co-op-dwelling bisexual (played by the multitasking Shelton), who invites him over for an evening of drugs, dancing and experimental thinking, if not actions. Andrew persuades Ben to drop by to meet his new friend. "It's a little weird," Ben tells Anna on the phone, promising he'll be home in time for dinner. "The place is called Dionysus, and they aren't kidding." Wanting to please both friend and wife, he's torn. In the end, the desire to be as hip as he believed himself...

Author: /time Magazine | Title: Humpday: Guy Love Without the Gimmicks | 7/10/2009 | See Source »

...Gist: It's the small silver lining to the twin scourges of high gas prices and economic turmoil: traffic congestion has eased. But only a little. One of the nation's most comprehensive studies of traffic delays and "urban mobility" found a slight drop-off in traffic tie-ups in 2007, the latest year for which data are available. In its study of 439 urban areas around the country, the Texas Transportation Institute, part of Texas A&M University, found American that travelers are spending about one less hour per year in traffic. But we still spend plenty of time...

Author: /time Magazine | Title: America: Still Stuck in Traffic | 7/9/2009 | See Source »

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