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...broadest measure - which counts as unemployed those who have looked for work in the past year but not the past four weeks, plus part-time workers who would rather be working full time - was dubbed U-6 unemployment. During this recession, it has gotten far more attention than ever before. U-6 unemployment was at 17.2% in November, down from 17.5% the month before and up from 8.4% two years ago. These figures aren't strictly comparable with those from before 1994, but the New York Times has taken a stab at recalculating the earlier numbers - with help from...

Author: /time Magazine | Title: The Real Jobless Rate | 12/21/2009 | See Source »

...land for mining, oil and gas drilling, livestock grazing and other uses.) The Federal Government also agreed to create a $60 million higher-education scholarship fund for Native American students. President Obama called the proposed settlement in Cobell v. Salazar--one of the largest and most complex class actions ever brought against the government--an "important step toward a sincere reconciliation" between the U.S. and Native Americans. The pact must be approved by a federal court and authorized by Congress...

Author: /time Magazine | Title: The World | 12/21/2009 | See Source »

...essay on Glee and the critics who call it anti-Christian [Dec. 7]. The essay illustrates the high value of such stories for all of us--and shows that apparently twisted plots and odd characters can teach us more about life, love and the world than we would ever have imagined...

Author: /time Magazine | Title: Inbox | 12/21/2009 | See Source »

...Will you ever run out of Lake Wobegon stories...

Author: /time Magazine | Title: 10 Questions for Garrison Keillor | 12/21/2009 | See Source »

Nigeria matters. As oil-rich nations from Russia to Venezuela to Iran become ever more nationalistic and tighten their supplies of fuel, more high-quality oil discoveries are being made off West Africa's coast, giving the world a (usually) reliable new source of oil. The U.S. already imports 16% of its oil from Africa, according to the U.S.-based Energy Information Administration, and wants to raise that to 25% in the future. Nigeria holds by far the biggest reserves in Africa and supplies 8 to 10% of all U.S. oil imports, according to the EIA. But in recent years...

Author: /time Magazine | Title: In Nigeria, an Ailing President and Peace Process | 12/21/2009 | See Source »

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