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This method of calculating unemployment was pioneered by the head of the Massachusetts Bureau of Statistics of Labor in 1878, and it has its merits. It's simple. It's straightforward. And it provides a pretty accurate count of those who really, really want jobs. But it also misses millions of people who may not be actively looking for a job but would happily take one if offered. Those ranks surely swell in a deep recession or during a time of economic turmoil that destroys entire job categories (like autoworker). The government's statisticians are aware of this, and since...

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

Uncertainty has gripped an already unstable Guinea following a failed assassination attempt on military ruler Moussa Dadis Camara, who was shot in the head by an aide on Dec. 3. Camara was flown to Morocco for treatment; his Defense Minister has filled his seat. The regime drew global censure after soldiers killed 150 civilians and raped dozens at a Sept. 28 antigovernment rally...

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

...What They're Naming in Australia: The decade is nearly over, and the world still hasn't reached a consensus on what to call the 2000s. But an Australian website has gotten a head start on naming the 2010s. In a contest that garnered more than 3,500 entries--including "Tenties" and Teenies"--News.com.au awarded nearly $2,000 to the person who suggested "One-ders." After the dreary decade we've suffered through, the judges said, the moniker's "bright-eyed optimism" was a welcome change...

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

...Sandinista amusement park, critics claim the Ortega government is starting to provided circuses without the bread. Children have a right to play and have fun, but they also have a right to sustainable development that includes health, education and protection, says María Jesús Gomez, head of the Nicaraguan Federation of Non-Governmental Organizations Working with Children and Adolescents (CODENI). Gomez says the Happy Children theme park is not a sustainable strategy to deal with problems facing children in the hemisphere's second-poorest country after Haiti...

Author: /time Magazine | Title: Have Yourself a Sandinista Christmas... | 12/21/2009 | See Source »

...Tigers? vital supply line and escape route by sea. "Sarath Fonseka could not have won the war, if not for the crucial support he received from Secretary Defense Gotabaya Rajapaksa, the other service chiefs, especially the navy and air chiefs and the intelligence agencies," says Rohan Gunaratna, head of the International Center for Political Violence and Terrorism Research (ICPVTR) at Nanyang Technological University in Singapore...

Author: /time Magazine | Title: The Conquerors of the Tigers Now Battle for the Spoils | 12/20/2009 | See Source »

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