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...long way from Hoovervilles, of course. But it's not hard to imagine, if we're not careful, a country sprouting listless Obamavilles: idled workers minivanning aimlessly through overleveraged cul-de-sacs with no way to pay their mortgages, no health care, little hope of meaningful work and only the hot comfort of angry politics...

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

...ideas Summers developed were codified in a 1986 article titled "Hysteresis and the European Unemployment Problem." Even today it's a piece he's proud of: "Ah, yeah, the hysteresis article," he interjects when it's mentioned. Hysteresis is a word that you (and the rest of us) should hope we don't hear too much of in the coming months. It comes from the Greek husteros, which means late. It refers to what happens when something snaps in such a way that it can never be put back together. Bend a plastic ruler too far, drop that lightbulb - that...

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

...military, trouble articulating a global vision. Obama now faces a host of problems of his own: weakening political will, an inevitable "What next?" after health care, a base that has lost energy. His 9/11 is just the sort of transcendent issue that can reconnect him to the theme of hope and change. A tough challenge? You bet. But as Obama's presidency unfolds, it will be the most vital one for him to meet...

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

...dynamic population shift in the 1960s, from a heavily white population to a majority-black makeup that neared 70% in the 1980s. But while the legacy of the segregationist past caused strains, the city never fractured along racial lines. "Atlanta is a city that has been built on black hope and white pragmatism," says Gary Pomerantz, who wrote the Atlanta history Where Peachtree Meets Sweet Auburn. "Race isn't everything in Atlanta, but it is in everything...

Author: /time Magazine | Title: The Next Mayor of Atlanta: A Post-Racial Campaign? | 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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