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Dates: during 2000-2009
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...Summers is the nephew of two Nobel economists and was regarded as the smartest undergrad anyone knew, but as he surveyed his research options 30 years ago, he settled on the then relatively unsexy specialty of labor. The subject tickled his sense of skepticism. "The view that was taking hold at that time, a view that unemployment wasn't a terribly serious problem, was importantly wrong," Summers says. "I thought if you could have areas where there was long-term substantial unemployment, then that raised some questions about the functioning of markets." In essence, Summers saw in unemployment a chance...

Author: /time Magazine | Title: Jobless in America: Is Double-Digit Unemployment Here to Stay? | 9/11/2009 | See Source »

Until now, the trust has steadfastly insisted it prefers to go it alone, even rejecting a $10.2 billion bid made jointly by Cadbury and Nestlé in 2002. It does, however, hold the rights to manufacture and distribute Cadbury's products in the U.S. through a 1988 licensing agreement, notes Kirk Saville, a Hershey spokesman...

Author: /time Magazine | Title: Could Hershey Make a Play for Cadbury? | 9/11/2009 | See Source »

...beyond the government's fiscal assistance, Vilsack maintains that the media still hold the greatest sway over potential U.S. pork consumers. "People hear the President or some other official say once or twice that pork is safe," Vilsack said, "and then they hear the term swine flu on TV and the Internet 50 times in a single day." The blame-the-media fallback is surely overstated, but for pork farmers trying to move the merch, less swine and more H1N1 in headlines will nonetheless be welcome...

Author: /time Magazine | Title: Pork Gets a Swine Flu Bailout | 9/11/2009 | See Source »

...Stiffened the spine of Democrats in Congress, who hold his fate in his hand...

Author: /time Magazine | Title: Halperin's Take: What Obama Achieved — and What He Didn't | 9/10/2009 | See Source »

...Despite such sentiments, Wilson's political foes in South Carolina did not hold back. "I hope the people of South Carolina will show their disdain for that," said Representative Jim Clyburn, the majority whip, who also represents the state. "To heckle is bad enough, but to use that one word, the one three-letter word that was not allowed to be used in my house while I was growing up, is beyond the pale...

Author: /time Magazine | Title: 'You Lie!': Representative Wilson's Outburst | 9/10/2009 | See Source »

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