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Ever since, however, critics and supporters have slugged it out over the minimum wage: some say it destroys jobs by making it too expensive to keep workers. University of California professor David Neumark estimates that the July 24 hike will end up costing some 300,000 jobs for young adults and teens by making their employment prohibitively expensive for enterprises already facing rapidly eroding profit margins...

Author: /time Magazine | Title: The Minimum Wage | 7/24/2009 | See Source »

...experience daily loss. The fount of grief has been lessened by the amount of support and grieving by the whole nation. It relieves you. It is not only your loss. And you throw yourself into your work hoping that you are able to suppress these emotions. But they keep returning...

Author: /time Magazine | Title: Q&A with Morgan Tsvangirai | 7/23/2009 | See Source »

...elegant dining car, where kangaroo steaks and fine Australian wines are served. But it's not all sitting, drinking and gazing through a window: the Ghan stops twice for half-day tours like exploring sacred Aboriginal sites around Alice Springs or floating down the deep, rocky Katherine Gorge. Keep an eye out for any passing camel herds...

Author: /time Magazine | Title: Scenes of Martian Redness in Australia | 7/23/2009 | See Source »

...When Israeli Prime Minister Ehud Barak dared negotiate Jerusalem at Camp David in 2000, then Likud leader Ariel Sharon walked onto the city's Islamic holy sites to symbolically declare his party's determination to keep all of the city in Israeli hands. (Sharon's action touched off a riot that marked the beginning of the Second Intifadah.) Today's Likud leader, Netanyahu, and the party's coalition partners appear as determined as Sharon was to maintain Jerusalem as "Israel's eternal and undivided capital...

Author: /time Magazine | Title: Jerusalem Threatens Obama Peace Plan | 7/23/2009 | See Source »

...incipient bubble is being created by government policy. In response to the global credit crunch of 2008, policymakers in Asia slashed interest rates and flooded financial sectors with cash in frantic attempts to keep loans flowing and economies growing. These steps were logical for central bankers striving to reverse a deepening economic crisis. But there's evidence that too much money is now sloshing around. It's winding up in stocks and real estate, pushing prices up too far and too fast for the underlying economic fundamentals. "We're not in a full-blown bubble yet," says David Cui, China...

Author: /time Magazine | Title: Asia's Easy-Money Policies: Fueling New Bubbles? | 7/23/2009 | See Source »

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