Word: marketeers
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...having watched his own tenure as president of Harvard cut short by a phrase that slipped too nimbly from brain to mouth, Summers, director of the President's National Economic Council, has become a restrained public man. Gone are the days when he would glibly compare flailing financial markets to jet crashes, as he did to TIME in 1999. He is mindful of how ill-considered asides by policymakers can cause financial-market angina. So you can probably imagine the ripple that ran through the Peterson Institute for International Economics in Washington in July when Summers looked up from...
...America now faces the direst employment landscape since the Depression. It's troubling not simply for its sheer scale but also because the labor market, shaped by globalization and technology and financial meltdown, may be fundamentally different from anything we've seen before. And if the result is that we're stuck with persistent 9%-to-11% unemployment for a while - a range whose mathematical congruence with that other 9/11 is impossible to miss - we may be looking at a problem that will define the first term of Barack Obama's presidency the way the original 9/11 defined George...
...pictures of the stock market crash...
Hershey, which makes candy under such brands as Hershey, Reese's, Kit Kat, Bliss, Twizzlers and Ice Breakers, has long been touted as an ideal partner for Cadbury. A marriage would combine the Hershey, Pa., company's dominant position in the U.S. candy market with Cadbury's stellar role overseas to create an international powerhouse. The two have been involved in merger talks off and on for more than a decade, with Cadbury being the suitor. However, Hershey has always been the reluctant bride, with the company's Hershey Trust, which controls more than 75% of the company's voting...
...Canberra has been in damage-control mode for months - to little effect. Hundreds of students took to the streets of Sydney and Melbourne again on Sept. 3 to protest not just the earlier attacks but substandard private colleges and courses that market to South Asian students, as well as poor-quality housing, exploitative work conditions and the need for local benefits like travel concession cards which, they say, will improve safety. The protests were timed to coincide with Deputy Prime Minister Julia Gillard's trip to India at the start of September, in which she aimed to calm the diplomatic...