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...Reuters poll of economists does not offer much hope for an improvement in the nation's financial condition. Many see unemployment topping 10%. The news service reports that "Median forecasts now assume gross domestic product will shrink an annualized 5.3% this quarter, following a brutal 6.2% decline...

Author: /time Magazine | Title: Unemployment Picks Up Speed While Bailout Slows | 3/12/2009 | See Source »

...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 »

Interviews with three of the police officers who were there reveal the last moments of Qasab's mission. Khan tried to make a U-turn but bumped into a concrete median. The car stopped, and the officers ran toward it. Khan started shooting from the driver's seat and was killed by police fire. Qasab first put up his hands as if to surrender, but when police officers opened the car door, he leaped out and dropped with his back to the ground, guns blazing. An unarmed assistant subinspector, Tukaram Ombale, grabbed the barrel of Qasab...

Author: /time Magazine | Title: The Making of a Mumbai Terrorist | 3/8/2009 | See Source »

...Task Force. That's because no member of the Middle Class Task Force is actually middle class. While defining America's most beloved demographic group has never been an exact science, most academics agree that the term refers to anyone earning between $30,000 and $100,000 a year. (Median household income in the U.S. hovers around $50,000.) Every member of the President's task force - from Biden ($227,000) to Council of Economic Advisors Chairwoman Christina Romer ($172,000) to Energy Secretary Steven Chu ($191,000) - makes well over $150,000, putting them...

Author: /time Magazine | Title: Obama's Middle-Class Task Force Has No Middle Class | 3/4/2009 | See Source »

...place people make their want-it-now neediness known, it's in kindergarten. Psychologist Linda Pagani of the Sainte-Justice University Hospital Research Center and the University of Montreal conducted a longitudinal study that began in 1999, when she assembled a sample group of 163 kindergartners with a median age of 5.5 years. The kids' teachers filled out a questionnaire in which they rated each child's degree of inattentiveness, distractibility and hyperactivity on a scale of 1 to 9. Pagani tallied the scores and then tucked the findings away. (See 10 things to do in Las Vegas...

Author: /time Magazine | Title: Spotting Future Gamblers in Kindergarten | 3/2/2009 | See Source »

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