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The IBM news is troubling because labor costs in the U.S., even among highly educated adults, are falling. American workers should be available for employment at salaries much lower than they were two years ago. But, it appears that IBM has elected to move jobs offshore rather than keep them...

Author: /time Magazine | Title: IBM and the Rebirth of Outsourcing | 3/26/2009 | See Source »

With more viewers drifting to cable and going online, the formerly mass networks are losing money and cultural clout. Next fall NBC will give Jay Leno five hours of prime time a week because he's cheaper than producing Medium. Programmers and cultural critics are warning of the end of...

Author: /time Magazine | Title: Here's to the Death of Broadcast | 3/26/2009 | See Source »

Purists may say that in an era of niche hits, we are losing our cultural lingua franca, our national watercooler. In the New York Times, SUNY Buffalo American-studies professor Elayne Rapping wrote that the fracturing of TV has created a "craving for the culture that used to unify us...

Author: /time Magazine | Title: Here's to the Death of Broadcast | 3/26/2009 | See Source »

We haven't come to the end of ideology, as Daniel Bell asserted in 1960 and Francis Fukuyama restated in 1992, but the familiar polarities of right and left are losing their salience. For a while, America will be in a state of ideological flux - which means we'll be...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

"Everyone," of course, is an aggregate. One difficulty with trade, and the reason that it becomes controversial at times of economic hardship, is that while its benefits are widely spread and difficult to measure, its costs are concentrated and often easy to see. The gains manifest themselves, for example, in...

Author: /time Magazine | Title: Global Trade: The Road to Ruin | 3/26/2009 | See Source »

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