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Like Abbott and Costello's "Who's on first?" routine, the coalition agreement unveiled last week by German Chancellor Gerhard Schröder and Green partner Joschka Fischer seems confused about basic issues, and destined to end where it began. But economists aren't laughing, because the E.U.'s biggest economy is also among its sickest: 3.94 million unemployed workers are draining government coffers, the GDP will grow only .5-.75% this year and the budget deficit will bust the E.U.'s 3% limit. Business leaders blame high taxes, expensive welfare programs and rigid labor laws, but the government seems...

Author: /time Magazine | Title: Another Day, Another Meaningless Plan | 10/20/2002 | See Source »

...term “H-Bomb” entered the vernacular of the world at large last spring with a “60 Minutes” feature about economist Sylvia Ann Hewlett’s book, Creating a Life: Professional Women and the Quest for Children. The book found a “epidemic of childlessness” among career women and warned a younger generation that if they waited to have children, they might never become mothers...

Author: By Irin Carmon, CRIMSON STAFF WRITER | Title: The Power of the H-Bomb | 10/17/2002 | See Source »

...September, the number of white-collar workers who are jobless has doubled from two years ago. Professionals, managers and technical and administrative workers now make up 43% of the unemployed, according to the government. "Of course, other workers are hard hit too," says Jeffrey Wenger, an economist at the nonprofit Economic Policy Institute. "But considering where these people were just a few years ago, yes, it's pretty grim...

Author: /time Magazine | Title: Will Manage for Food | 10/14/2002 | See Source »

...with health insurance. Many have savings, equity in a home or well-off parents. Their experience and contacts help them in their search for another high-paying job. And they can often afford to get more education for a new career. "If all else fails," says David Wyss, chief economist with Standard & Poor's, "there's always law school...

Author: /time Magazine | Title: Will Manage for Food | 10/14/2002 | See Source »

TIME invited a panel of five experts to help make sense of the impact of rising health-care costs on business. Joining Darling were Drew Altman, president and ceo of the Kaiser Family Foundation; Uwe Reinhardt, a health-care economist at Princeton University; Gail Shearer, director of health-policy analysis for Consumers Union; and Gail Wilensky, an economist and senior fellow at Project HOPE, an international health foundation...

Author: /time Magazine | Title: Board of Economists: Business, Heal Thyself | 10/14/2002 | See Source »

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