Word: highes
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...have a real impact on economic growth. But Washington's tool kit doesn't work nearly as well in the short run. Right now companies aren't hiring for a very specific reason: there's not as much demand for their products and services. Callous as it may sound, high unemployment at the front end of an economic recovery is perfectly normal. (See TIME's special feature, "Out of Work in America...
...problem isn't just a soft job market - it's an oversupply of graduates. In 1973, a bachelor's degree was more of a rarity, since just 47% of high school graduates went on to college. By October 2008, that number had risen to nearly 70%. For many Americans today, a trip through college is considered as much of a birthright as a driver's license. (See pictures of the college dorm's evolution...
...Meanwhile, the unemployment rate for recent grads rose as well. It is now 10.6%, a record high...
...preventing infection among those who were inoculated. It was a modest outcome, given that behavior-based prevention methods, like condom use, can be equally if not more effective. The volunteers were also largely heterosexual and monogamous, putting them at low-to-moderate risk for HIV infection - rather than high-risk, like intravenous drug users - and prompting questions about how impressive the results of the study really were. But given that no other inoculation has shown any effect against the AIDS virus, it was reason to celebrate - cautiously...
Tucked deep inside the Senate health reform bill - beginning on page 1,926 - is a plan for a new federal insurance program. Average premiums could be as high as $180 per month and could be automatically deducted from the paychecks of some American workers. The nonpartisan Congressional Budget Office (CBO) predicts this new program would "add to budget deficits ... by amounts on the order of tens of billions of dollars." This is not, however, the so-called public option that is the focus of much heated debate on Capitol Hill. It's an entirely different Democratic plan...