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...stage: the not-quite-retirement. As life spans lengthen, pensions tighten and workplace rules change, hopping from full-time work to full-time leisure is appearing less realistic and, to some, less desirable. The trend has given rise to a new category of employment, the so-called bridge job. Economists use this term to describe part-time or full-time jobs typically held for less than 10 years following full-time careers. According to a 2005 working paper from the Center on Aging and Work at Boston College, one-half to two-thirds of workers take on bridge jobs before...

Author: /time Magazine | Title: Not Quite Ready to Retire | 2/19/2006 | See Source »

...upbeat forecast--albeit with some significant caveats--emerged from a lively discussion of TIME's Board of Economists at the World Economic Forum in Davos, Switzerland. "The outlook is for another Goldilocks kind of year," is how Laura D'Andrea Tyson, dean of the London Business School and a former White House economist, summed...

Author: /time Magazine | Title: Two for the Road | 2/19/2006 | See Source »

Most worried of all is Stephen Roach, chief economist at U.S. investment bank Morgan Stanley, who for several years has warned that the U.S.'s borrowing and consumption binge will come to a bad end, with consequences that include a likely fall in the value of the dollar. (And this bear doesn't cry wolf--Roach was right in predicting the dotcom crash.) The problems will not have gone away even if the dollar remains buoyant, he said, warning of a "dangerous degree of complacency" among investors. "The weakest link in the global-growth chain in 2006 is the most...

Author: /time Magazine | Title: Two for the Road | 2/19/2006 | See Source »

...does not take a sociologist or economist to understand that sanctions are not toppling the regime's leaders. They are merely causing more hardship and suffering among the very people the West wishes to help, and forcing refugees to flee Burma's borders into neighboring countries. Sanctions are tools without teeth. Surely engagement and the promotion of a market economy would prove to be much more feasible. Edward Lim Singapore...

Author: /time Magazine | Title: Letters | 2/19/2006 | See Source »

...Civil Rights movement and the diversification of the student body and faculty at universities, that have brought more attention to black history. There has been a “great deal of improvement and there’s a long way to go,” Matory said. An economist historian who is a fellow at Harvard’s DuBois Institute, Stanley Engerman, said that Woodson first proposed Negro History Week because “most history discussions didn’t say anything about black history.” According to Engerman, black history is no longer divorced...

Author: By Stephanie S. Garlow, CONTRIBUTING WRITER | Title: Scholars Defend Black History Month | 2/17/2006 | See Source »

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