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...jobs to be found. With an estimated six people applying for every job available, there's plenty of merit to that argument. "Still, the unemployment rate rose from 8.6% in March 2009 to 10% now even as the job-vacancy rate held steady," says Steven Davis, a leading labor economist at the University of Chicago's School of Business...

Author: /time Magazine | Title: A Limit to Compassion | 1/25/2010 | See Source »

...just as their unemployment benefits run out. Many people use that thin cushion to wait until the last minute to act. They pass up lower-paying, less desirable jobs, or they avoid moving to take a job. Adds Davis: "Surveys show people are very pessimistic about this labor market and their job prospects, and they think it's not worth the effort to look. The generosity of benefits makes it easier to take that view...

Author: /time Magazine | Title: A Limit to Compassion | 1/25/2010 | See Source »

...This raised a question in the minds of the court's majority. If freedom of speech protects the right of rich individuals to use television to distribute their political views during election season, does the same right extend to rich groups - like businesses, labor unions, the NRA, the ACLU or Citizens United? (See the top 10 moments of the 2008 election...

Author: /time Magazine | Title: Is the Campaign-Finance Ruling Good for Democracy? | 1/22/2010 | See Source »

...society - in this case, the corrosive effect of wealth on open democracy. The 90-page dissent spoke admiringly of the many years of debate and the 100,000 pages of documents underlying the McCain-Feingold reforms of 2002, and shuddered to imagine the influence that big corporations and big labor groups might exercise over politics in the absence of such congressional efforts...

Author: /time Magazine | Title: Is the Campaign-Finance Ruling Good for Democracy? | 1/22/2010 | See Source »

...Ultimately, these clashing worldviews converged in one odd respect. Both the majority and minority seemed to be writing from a parallel universe, not quite our own. Kennedy's imagined world of stifled corporations and voiceless labor unions bears no resemblance to the America we live in, where the government pumps tens of billions of dollars into an auto-industry bailout skewed in favor of GM, Fiat and the United Auto Workers. At the same time, Stevens' picture of corporate fat cats oppressing the little guy ignores the revolution in campaign finance and communications that is being wrought by the Internet...

Author: /time Magazine | Title: Is the Campaign-Finance Ruling Good for Democracy? | 1/22/2010 | See Source »

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