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...other alarming information that no one was discussing as part of the self-congratulatory announcement of a victory over the recession was what will happen if the economy continues to lose jobs at the rate it did in January. A total of 3.5 million people could be out of work between the beginning of this year and the end of June. The stimulus package will probably not have even kicked in by then. So, with the job losses from January 2009 through the end of June at 600,000 a month, the entire $789 billion will be spent filling this...

Author: /time Magazine | Title: The Math for 3.5 Million Jobs | 2/12/2009 | See Source »

...everyone. That goes from the man at the Black Jack table who has been up 48 hours drinking Scotch and trying to win a few hundred dollars back, to the person who is too afraid to bet a portion of his income on buy a house because it may lose some of its value...

Author: /time Magazine | Title: The Depression Hits Las Vegas | 2/12/2009 | See Source »

...course, discounts present their own dangers for all sports fighting the recession. Unless the price entices a sufficient amount of extra customers, you lose revenue. And those who do come to the track may expect a lower price in the future. So you risk alienating those fans when you try to boost the bottom line down the road. "It's a slippery slope," says David Carter, executive director of the Sports Business Institute at the University of Southern California. "If the consumer lowers the threshold, it's harder to get back to the true market price. It's a decent...

Author: /time Magazine | Title: Daytona Drag: NASCAR Tries to Outrace the Recession | 2/12/2009 | See Source »

...firm believer in the war in Afghanistan, Defense Secretary Robert Gates' grim assessment last month of what lies in store for the U.S. might have made you shudder. "If we set ourselves the objective of creating some sort of Central Asian Valhalla over there, we will lose, because nobody in the world has that kind of time, patience and money, to be honest," he said...

Author: /time Magazine | Title: Can Robert Gates Tame the Pentagon? | 2/12/2009 | See Source »

...leave in disgust. The Arab parties, which have a total of 11 seats, are also unlikely to join a Livni-led coalition because they remain angry over the Gaza invasion. Israeli Arabs voted in big numbers after Lieberman insisted that all Israeli Arabs take a loyalty oath or else lose their citizenship. Jamal Zahalka, leader of the Arab party Balad, said Israel's assault in Gaza also rallied voters. "The Zionist parties all supported what happened in Gaza, so Arab voters reacted by voting for us and not the Zionist parties...

Author: /time Magazine | Title: Israel's Election Dashes Hopes for Peace | 2/11/2009 | See Source »

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