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...There is a diversity of thinking about where America's next large wave of employment will come from. It may be alternative energy businesses. One hundred and twenty years ago no one would have believed that the oil industry would be one of the largest employers in the country. The biotechnology industry may grow large enough to be the size of the pharmaceutical industry was a few years ago. Or, the next large opportunity to create jobs may be as improbable as the technology revolution was as recently as the 1960s...

Author: /time Magazine | Title: Despair and the Vision of the New Economy | 5/5/2009 | See Source »

...last. Many people will probably make less this year than they did in 2008, although the government figures are not precise enough to show that. Anecdotally it is almost certainly true. Earning a higher wage with unemployment more than 10% has to be nearly impossible in some of the largest states including Florida, Michigan, and California...

Author: /time Magazine | Title: Despite Signs to the Contrary, Real Estate Will Get Worse | 5/5/2009 | See Source »

...more bluntly, Harvard has the largest university endowment in the world, and it should not be afraid of using this capital to sustain itself during the current recession. Perhaps the deans and the Corporation should release more endowment money to schools like FAS in order to ensure that budget cuts can be made without layoffs. Right now, the FAS budget deficit of $220 million comes directly from an eight percent decrease in endowment money being funneled into FAS. Although it would be unsustainable over the long term, Harvard could dip further into its endowment over the next year...

Author: By Megan A. Shutzer | Title: Waffles and Workers | 5/5/2009 | See Source »

...What this indicates is that there are a lot of people jonesing for spiritual information. Steve Waldman, founder of Beliefnet - the world's largest spiritual website, with as many as 3 million unique visitors per month, and the closest thing to a Patheos competitor - says there is room for another spiritual site. "Religion until recently has been something major media companies have been scared of," says Waldman, whose company was acquired by News Corp. in late 2007. And the recession could deepen interest in spiritual sites. "People are seeking religious support or guidance to help them get through financial crises...

Author: /time Magazine | Title: What Do Religions Believe? A Website with Answers | 5/5/2009 | See Source »

...most likely scenario for the coming days - in addition to street protests led by Maoists and their sympathizers - is for the next largest party to form a government. "Nepal cannot afford another election," says Nayak, "The government has not even completed one year. The President may ask the Nepali Congress [the second biggest party] to form a government, or may ask Prachanda to revoke his decision." A coup is almost ruled out: Nepal's army has no history of seeking political power, furthermore it knows it has the support of the President and the other political parties. "All other parties...

Author: /time Magazine | Title: Nepal's PM Resigns, in New Crisis for Maoists | 5/4/2009 | See Source »

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