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Consumer spending by America's large middle class is an important indicator of economic recovery. GDP numbers from last quarter and opinions from the Federal Open Market Committee may not be as accurate an indicator of the health of the middle class economy as are the results of Starbucks last...

Author: /time Magazine | Title: Starbucks and the Resurrection of the Middle Class | 4/30/2009 | See Source »

Starbucks started to get in trouble three years ago when its now-departed CEO said that the chain would eventually have 40,000 locations worldwide. It was an arrogant prediction given that Starbucks was not even half way there. Investors and customers saw that the firm's plans were grandiose...

Author: /time Magazine | Title: Starbucks and the Resurrection of the Middle Class | 4/30/2009 | See Source »

Look how far we've come. That is the aim of the 100-day retrospective, to assess our new leaders after they've had enough time to take action but before they've solidified their legacy. And although it seems like an arbitrary measure - if something happens on the 101st...

Author: /time Magazine | Title: The 100-Day Benchmark: It All Started with Napoleon | 4/29/2009 | See Source »

"I am staying a Republican because I think I have an important role, a more important role, to play there." - Dismissing speculation in March 2009 that he was about to switch parties, adding, "I'm afraid we're becoming a one-party system" (The Hill, Mar. 17, 2009)

Author: /time Magazine | Title: Arlen Specter: A Republican No More | 4/29/2009 | See Source »

Toomey's campaign and state Republican officials didn't return calls, but the candidate issued a harsh judgment on his website, one that gave a hint of how he might campaign if he were to win the nomination. "What Pennsylvanians must now ask themselves is whether Senator Specter is in...

Author: /time Magazine | Title: Pennsylvania Democrats Reserved on Specter | 4/29/2009 | See Source »

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