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This economic crisis is widely regarded as the greatest crisis since the Great Depression. Such a crisis dictates leaning toward a stimulus that might be too large, certainly not toward one that is too small. If all goes according to plan, which is a leap of faith in itself, this plan still leaves millions of Americans in the unemployment line. In addition, unemployment statistics present an incomplete picture of unemployment. Job losses are not the only concern, but also the scarcity of job opportunities for people entering the workforce...

Author: By The Crimson Staff | Title: Weak Stimulus | 1/15/2009 | See Source »

...Saturday morning, dozens of the faithful would gather outside Michael Smith's Lower Manhattan store, ready to rush in and claim his latest treasures. (I could name two TIME movie critics, one in New York, one in L.A., whose homes are little museums of Depression Modern pieces.) When a leap in rent shuttered this SoHo landmark, Smith retreated to his other boutique, Adelaide, in the West Village. (Disclosure: Mary Corliss, an occasional contributor to TIME.com and a full-time contributor to my well-being, is the co-owner of Adelaide...

Author: /time Magazine | Title: Richard Corliss's 2008 Entertainment Death Reel | 1/10/2009 | See Source »

...list of cuts and shortfalls is almost apocalyptic. According to the UCLA Anderson Forecast, thousands of lost jobs in the public and private sectors will cause California's unemployment rate to leap to 8.5% by the end of 2009 (it was 6.5% in October 2008). If the state runs out of cash by mid-February, as has been predicted, hundreds of state vendors, such as electrical-supply wholesalers, food-service companies and building- and grounds-maintenance firms, will be sent IOUs from the state government. Deductions for each dependent may drop from $309 to $103 on Californians' 2009 income...

Author: /time Magazine | Title: The Great California Fiscal Earthquake | 1/8/2009 | See Source »

Zune • problems with leap year...

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 1/2/2009 | See Source »

...asked, "Why is this holocaust different from all other holocausts? In raw nightmare numbers, the Nazi extermination of 6 million European Jews ranks below the Soviet Union's systematic starvation of the rebellious Ukraine in 1932-33 (10 million by Stalin's count) and Mao's catastrophic Great Leap Forward into prolonged famine in 1957-62 (at least 27 million). Uganda and Kampuchea have produced more recent evidence" - alas, the examples of Rwanda, Bosnia and Somalia could subsequently be added - "that Hitler's policy of mass murder as an instrument of statecraft was not unique...

Author: /time Magazine | Title: Defiance: Beyond Holo-kitsch | 1/1/2009 | See Source »

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