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...news is troubling because labor costs in the U.S., even among highly educated adults, are falling. American workers should be available for employment at salaries much lower than they were two years ago. But, it appears that IBM has elected to move jobs offshore rather than keep them in the U.S. despite the trend of more tech workers losing their jobs here...

Author: /time Magazine | Title: IBM and the Rebirth of Outsourcing | 3/26/2009 | See Source »

Loose confederacies often come apart under pressure. There are now divisions forming in the European Union based on whether the countries in that alliance should put larger and larger sums of money into the credit and banking markets and their budgets to help slow the recession, or keep stimulus activities modest and have faith that free market systems will cause the economy to recover on its own without taking the world to Hades in the process...

Author: /time Magazine | Title: Why Europe's Criticism of the Stimulus Got Out of Hand | 3/26/2009 | See Source »

...huge amounts of information for research, screen automatically for drug interactions - and spare others from having to decipher our illegible handwriting. I would be happy if every patient could give me a digital file of everything about him; it could really save time on first visits. But we must keep in mind that there will be a cost for computerizing patient records that could prove greater than the billions that would be spent setting it up. (See the top 10 medical breakthroughs...

Author: /time Magazine | Title: Wrong Prescription | 3/26/2009 | See Source »

...Europe keep the pressure on even as it reaches out for closer ties? Yes, say some in Minsk. "No normal person can be opposed to dialogue, cooperation, and aspirations to make the situation better," former presidential candidate and political prisoner Alyaksandr Kazulin told Radio Free Europe recently...

Author: /time Magazine | Title: Belarus: Can Europe Change Its 'Last Dictatorship'? | 3/25/2009 | See Source »

Others are more sanguine. "It's not an existential crisis, but it is a nuisance," says Hugo Brady, from the Centre for European Reform, a London-based think tank. "Luckily, there are mechanisms to keep things going. The E.U. is to some extent above politics - although that is part of its problem - and officials can pick up the slack if politicians cannot deliver...

Author: /time Magazine | Title: Czech Government's Collapse Hits the E.U. | 3/25/2009 | See Source »

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