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...other words, economic woes that have long plagued those at the lower fringes of the American middle class are now hitting people near the heart of it (the median household income was $50,233 in 2007, according to the latest data from the Census Bureau). And they're hitting fast...

Author: /time Magazine | Title: Credit Problems Are Climbing the Income Scale | 3/9/2009 | See Source »

...market stop its drop is in many ways misplaced. Investors still have an excessive desire to see the market change direction while it is still too early. Getting money back into the market will require that a perception of value has returned in the form of lower prices in relationship to earnings and assets. That seems a long way off. And, it is, but the length of this stagnation depends on the violence and rapidity of the correction. The market is going down, probably much further. It can get there at a trot or a gallop. The process, in either...

Author: /time Magazine | Title: The Market Can't Keep Going Down | 3/6/2009 | See Source »

...celebration of the state's heritage. This year, the greatest threats posed to the race come from other directions. A heavy snow recently blanketed parts of the Alaska, burying the trail in deep drifts and forcing mushers to break out their snowshoes. And just as it has in the Lower 48 states, the economy has cast a pall over the Land of the Midnight Sun. Due to higher operating costs, entrance fees have spiked 33% to $4,000 despite a shrinking prize pool; between food, supplies and preparation, the cost of running the race can reach $30,000. Meanwhile, mushers...

Author: /time Magazine | Title: The Iditarod | 3/6/2009 | See Source »

...privately run Center for Employment Opportunities in lower Manhattan helps hundreds of inmates each year acquire basic skills and find employment while earning an income doing maintenance work on public buildings; close to 13,000 former inmates have found jobs through the organization, and simply enrolling there cuts the chances of landing back in prison by half. "Our people are usually in the back of the line for jobs, but [in the current economy] that line just got a lot longer," says CEO and executive director Mindy Tarlow, who notes that it is taking twice as many calls these days...

Author: /time Magazine | Title: Another By-Product of the Recession: Ex-Convicts | 3/6/2009 | See Source »

...address the cost of his care going forward. Pat's kidney function, which was 48% when Smolens first saw him last summer, has fallen to between 35% and 40%. And there are now outward, obvious signs of Pat's illness: he is lethargic, his eyes are puffy, and his lower legs and ankles are swollen to twice their normal size...

Author: /time Magazine | Title: The Health-Care Crisis Hits Home | 3/5/2009 | See Source »

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