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...data keep reinforcing the story that the U.S. economy has turned a corner and should be out of recession sooner rather than later. The latest strong signal came on Friday, when the Labor Department's May employment report showed a dramatic slowing in job losses, to 345,000, down from 504,000 in April and a peak of 741,000 in January. That many jobs lost in a month is still horrible, but the big change from the previous month and the fact that forecasters expected far worse are both indications that the economic tide has probably turned...

Author: /time Magazine | Title: Economic Recovery: Will Corporate Profits Recoup? | 6/9/2009 | See Source »

Chronic illnesses like depression, diabetes and hypertension don't magically disappear during pregnancy. And as women delay childbearing, more moms-to-be are struggling with cancer. So it's hardly surprising that two-thirds of women take up to five drugs over the course of their pregnancy and labor. Yet only a dozen prescription drugs are approved for use by the U.S. Food and Drug Administration (FDA) during pregnancy, and they're all pregnancy-related: drugs for inducing labor, for example, or epidural anesthesia. Which means patients with many common conditions face an excruciating dilemma: decline medication whose effects...

Author: /time Magazine | Title: The Risks (and Rewards) of Pills and Pregnancy | 6/8/2009 | See Source »

...initiative system seemed rational when it was launched in 1911 to prevent railroad barons from buying off the legislature. But lots of things seemed smart back then, like having Asians focus on manual labor. Now special interests spend $100 million on advertising and can send out enough troops to control an election, especially since the glut of elections keeps people with jobs and the ability to drive at night from showing up. On May 19, only 25% of voters turned out. Even the heated 2005 mayoral runoff between then mayor James Hahn and Antonio Villaraigosa moved only...

Author: /time Magazine | Title: Joel Stein on California's State of Insanity | 6/8/2009 | See Source »

...According to Gautier, stallholders on Sukhumvit are not the main beneficiaries of transactions like mine. Criminal gangs are behind Asia's black market in fake goods, and misguided shoppers like me inadvertently support child labor, human-trafficking and other nefarious undertakings by indulging in the cheap goods. The directness of the revelation is sobering. "Money spent on counterfeits is easy profit for criminal organizations," the soft-spoken French native insists, "and supports other activities like prostitution and drugs...

Author: /time Magazine | Title: Knock It Off: A Thai Museum for Counterfeit Goods | 6/8/2009 | See Source »

...Chinese border got worse on Monday: Euna Lee, 36 and the mother of a 4-year-old, and Laura Ling, 32, were each sentenced to 12 years in prison by North Korea's highest court. Their crime: illegal entry into the country and "hostile acts." The sentence - "reform through labor" - raises the prospect that the two could be sent into North Korea's notorious system for political prisoners - the so-called kwan li so, which are infamous for their mistreatment of prisoners...

Author: /time Magazine | Title: Jailed U.S. Reporters: Business As Usual for North Korea | 6/8/2009 | See Source »

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