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...unemployment rate is still well below the 10.8% peak of late 1982, but this doesn't signify much. The rate is what economists call a "lagging indicator," and it will still be rising well after the economy has started growing again. It's also misleading, in that it excludes from its calculations people who would really like to have a job but have given up actively looking. As a result, economic forecasters tend to look more closely at payroll data, which come from a survey of 150,000 businesses and government agencies. (The unemployment rate is derived from a Census...

Author: /time Magazine | Title: Unemployment Rise Shows Recession Far from Over | 4/3/2009 | See Source »

According to MEFA spokeswoman Jessica L. Belt, the authority was unable to provide student loans last year because it could not raise enough money until September of 2008, when it was too late for the 2008-2009 academic year...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: Mass. Students Get $300 Million | 4/3/2009 | See Source »

...late 1960s and early 1970s, New York legislators faced a drug problem they feared was growing out of control. Federal statistics showed as many as 559,000 users nationwide and state police saw a 31 percent increase in drug arrests by 1972. In response Gov. Nelson Rockefeller, a liberal-leaning Republican who was said to have had presidential aspirations, created the Narcotic Addiction and Control Commission in 1967, aimed at helping addicts get clean. After the program proved too costly and ineffective, New York launched the Methadone Maintenance Program, which similarly caused little reduction in drug...

Author: /time Magazine | Title: New York's Rockefeller Drug Laws | 4/2/2009 | See Source »

...From the late 19th century onward, when waves of poorer and hungrier Hokkien- and Teochew-speaking immigrants began washing up in Singapore, the dominance of the early Peranakans began to slowly decline. But their culture hasn't vanished, and those who want a glimpse of the Peranakan legacy should begin on foot in the residential Emerald Hill neighborhood of Singapore. The houses that wealthy Peranakan families built there are still adorned with the fretted arches and colorful ornamental tiles they borrowed partly from colonial Portugal. (See pictures of Singapore...

Author: /time Magazine | Title: Touring Singapore's Gastronomical Heritage | 4/2/2009 | See Source »

...unpopular opinion. The job is a popular and lucrative post in a country where unemployment hovers around 42%, and his announcement spurred vehement street protests late last year from old, new and future Gurkha recruits. Dahal promptly reneged, announcing in a February meeting with a visiting delegation of British parliamentarians that the recruitment of Nepali men into their forces had bolstered ties between the two nations, and that he was not in favor of stopping recruitments. But behind closed doors, Nepalese officials still squirm at the thought of their countrymen being paid for fighting another nation's war. "This...

Author: /time Magazine | Title: The Talk of Nepal: The Future of Its Gurkhas | 4/2/2009 | See Source »

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