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...community forum in Des Moines on Jan. 2, several activists warned that the ranks of middle-class Iowans were shrinking while the number of poor was rising. Iowa?s seasonally adjusted unemployment rate in November was 4.3%, compared with 3.8% a year earlier, according to the latest report from Iowa Workforce Development. (By comparison, the U.S. jobless rate was 6.7% in November.) Close to 800 families sought help from a Des Moines emergency food pantry in October, up from 600 to 650 families the same month a year earlier. Sales of Iowa's existing homes for the third quarter fell...

Author: /time Magazine | Title: Hard Times: From Wall Street to Elm Street | 1/7/2009 | See Source »

...Wednesday marked the second straight day that many European nations received but a trickle of Russian gas pumped via Ukrainian pipelines. Ukraine is pivotal to Europe's gas supply; about 80% of Russian gas normally flows through Ukraine, and Russia provides 25% of Europe's gas. The latest cuts are the result of a dispute between Russia and Ukraine over the price Ukraine should pay for gas. Russian energy monopoly Gazprom says the per-unit price of $179 that Ukraine pays is a subsidized relic from the Cold War-era and that it is no longer offset by Ukrainian pumping...

Author: /time Magazine | Title: Russia's Gazprom Diplomacy: Turning Off Europe's Heat | 1/7/2009 | See Source »

...study in the latest issue of the British Medical Journal found that modern thin-faced titanium golf clubs produce a noise loud enough to damage the sensitive hairs of the inner ear. Provocatively titled "Is Golf Bad for Your Hearing?" the study focused on the case of a 55-year-old man who developed tinnitus and hearing loss in his right ear after playing golf three days a week for 18 months with a thin-faced titanium driver, the King Cobra LD. After ruling out age-induced hearing loss and damage from exposure to other loud noises, the patient...

Author: /time Magazine | Title: Golfer's Ear: Can Big Drives Hurt Your Hearing? | 1/5/2009 | See Source »

Iraq is still a war zone, where approximately 9,000 Iraqi civilians and more than 300 U.S. soldiers lost their lives this past year, according to independent monitoring organizations Iraq Body Count and icasualties.org. As the country enters its latest incarnation, it remains difficult to speculate on whether the relative stability will last. What is certain, however, is that Iraq is far more secure than it was two years ago or even six months ago. And I have a recovered suitcase and new pink tracksuit to show...

Author: /time Magazine | Title: Baghdad Bag Claim: A (Happy) Tale of Lost Luggage | 1/5/2009 | See Source »

...improved across all levels of government, legal reforms implemented, and borders made more secure. In addition to overseeing a rapid recovery from the 2001 recession due to tax cuts and shrewd economic policy, the administration has made consequential efforts to shore up America’s economy in this latest financial crisis. As the largest buyers of sub prime mortgages from 2004 to 2007, Fannie Mae and Freddie Mac helped fuel the housing bubble and exacerbate the burst. The Bush Administration tried no fewer than 18 times, publicly and on the record, to push Congress to agree to reform these...

Author: By Caleb L. Weatherl, CRIMSON STAFF WRITER | Title: A Legacy to be Proud of | 1/4/2009 | See Source »

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