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...logistics officer says the militants now have the capacity to launch ambushes on supply routes year round. The Taliban are also widening the scope of their attacks so that convoys rumbling across two-thirds of the country are now prey to attack, usually by roadside bombs or a well-laid ambush in which rocket-propelled grenades are fired at the lead vehicle, forcing the convoy to a deadly standstill...

Author: /time Magazine | Title: Taliban Stepping Up Attacks on NATO Supply Convoys | 10/7/2009 | See Source »

...your studies sifted through 30 years of Social Security records following the 1982 recession and determined that earnings losses for folks laid off amid a downturn are not only high but very long lasting. Upon getting new jobs, they took, on average, annual pay cuts of 25% to 30% and even 15 to 20 years later were earning around 20% less. Why? What can happen is that workers often cannot find another job in their same industry. If a worker had accumulated skills that were specific to that industry, then can't find a job in that industry, those skills...

Author: /time Magazine | Title: Economist Till Marco von Wachter | 10/6/2009 | See Source »

...Clearly, a recession can shred the spending power of millions for many years. Doesn't that have negative repercussions for a U.S. economy underpinned by consumer spending? In the short run, laid-off workers or graduates will consume much less, but so will most other people. That will stall the recovery process because everyone is waiting to see what happens. But in the long run, roughly three things help the economy improve. First of all, those not laid off - the majority - start consuming again. Second, a new cohort comes into the labor market and is likely to benefit from...

Author: /time Magazine | Title: Economist Till Marco von Wachter | 10/6/2009 | See Source »

...recent study found that mortality rates don't increase during a recession. But your research of earnings and death records in Pennsylvania found that when high-seniority males, especially those around age 40, are laid off, their mortality rate initially jumps 50% to 100% and that while the risk abates over time, a job loss can shave 1 to 1½ years off their life expectancy. Are these studies in conflict? No. For these people [in our group], being laid off in a recession was important because they experienced a big and long-lasting shock to their lives, including large...

Author: /time Magazine | Title: Economist Till Marco von Wachter | 10/6/2009 | See Source »

...August, President Obama laid out the rationale for stepping up the fight in Afghanistan: If left unchecked, the Taliban insurgency will mean an even larger safe haven from which al-Qaeda would plot to kill more Americans. So this is not only a war worth fighting. This is fundamental to the defense of our people. Obamas Af-Pak plan is, in essence, a countersanctuary strategy that denies safe havens to the Taliban and al-Qaeda, with the overriding goal of making America and its allies safer. Under Obama, the Pentagon has already sent a surge of 21,000 troops...

Author: /time Magazine | Title: Two Arguments for What to Do in Afghanistan | 10/5/2009 | See Source »

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