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After a period of a few weeks in which investors and analysts felt a little better about the prospects of the economy at the end of the year, the pallbearers have returned. The enthusiasm about a recovery in the banking system was sandwiched by bad news from bank analysts who think the largest financial firms will have to raise tens of billions of extra dollars on the one side and Congressmen who say that they will not provide more TARP money on the other. With insurance companies now begging for dollars as well, there is not going to be enough...

Author: /time Magazine | Title: The Lost Decade May Only Last Three Months | 4/9/2009 | See Source »

When I got back into swimming, I can't say it wasn't hard, because it was. I felt guilty. I would call the nanny every 10 minutes. What I do now is, I get my daughter involved in what I do. And that really helps...

Author: /time Magazine | Title: 10 Questions for Dara Torres | 4/9/2009 | See Source »

...contractor Wayne Mayo, 54, has watched this long slump up close. Like many other people in St. Helens, he used to work in the timber industry, as a lumber broker. But his more recent turn, as a general contractor, brought him face-to-face with an economic force he felt he could influence: illegal immigration. Although St. Helens has a relatively small Hispanic community - some legal, some illegal - the town is just 30 miles (about 50 km) from major population centers like Portland and Beaverton, close enough that out-of-town contractors with crews of underpaid, underdocumented construction workers began...

Author: /time Magazine | Title: Despite Backlash, Illegal Immigrants Stay Put | 4/9/2009 | See Source »

...one’s decision is driven solely by race,” he said. “I haven’t heard any members say that they’re voting because of someone’s race.” But some residents said they felt the school committee did not give sufficient weight to Turk’s Cambridge roots. “Lifelong service to this city doesn’t mean a damn thing because they’ll screw you,” said Charles L. Stead, Sr., a former principal...

Author: By Sofia E. Groopman and Michelle L. Quach, CRIMSON STAFF WRITERSS | Title: Young Selected To Head Schools | 4/8/2009 | See Source »

...sense that something big is happening has been felt by the other side of the battle too. "The momentum seems to be now on the side of those pushing for the legalization of same-sex marriage," the Rev. Albert Mohler told TIME on Wednesday. "The Vermont and Iowa developments seem to signal the fact that, as many of us have sensed for some time, the legalization of same-sex marriage is taking on a sense of inevitability." Mohler is president of the nation's flagship Southern Baptist seminary in Louisville, Ky., and one of America's most respected Evangelical thinkers...

Author: /time Magazine | Title: Despite Wins for Gay Marriage, Obstacles Remain | 4/8/2009 | See Source »

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