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Dates: during 2000-2009
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...Words On Aug. 31, Turkey and Armenia agreed to establish diplomatic ties for the first time, a rapprochement that could thaw a dispute dating back to World War I. The heart of the feud has been Istanbul's refusal to acknowledge the massacre of up to 1.5 million Armenians by Ottoman Turks as "genocide"--a near unanimous designation among scholars. Turkey prefers a term that means "mass deportation...

Author: /time Magazine | Title: The World | 9/14/2009 | See Source »

More fun and games when a presenter on Private Equity, following Studzinski, shared with us that "When I started in this business 16, 17 years ago, the first time I got to wire $500 million I found that quite exciting." We understood the sentiment: sometimes our moms wire us $200 for books at the beginnings of terms. That's always a heady...

Author: By Christian B. Flow and Joshua J. Kearney | Title: CRIMSON CAREERS: The Blackstone Group — 'Nowhere To Hide' | 9/14/2009 | See Source »

Just in case we needed more evidence of the hardship inflicted by the country's devastating economic crisis, earlier this month we got it: more Americans than ever are receiving food stamps. The Department of Agriculture reported that 35.1 million people relied on government help to buy groceries in June - 713,000 more than in the previous month and a 22% jump from the previous year's figure. The odds are better than ever that when a shopper wheels a grocery cart to the checkout aisle, Uncle Sam is picking up the tab. (Read about the state of homelessness...

Author: /time Magazine | Title: Food Stamps | 9/14/2009 | See Source »

...orange stamps, which could be used for any kind of food, and they were given half that amount in free blue stamps, which could be used to buy designated surplus foods (all but the most destitute had to make some payment to receive food stamps until 1977). About 20 million people made use of the original food-stamp program, but its popularity dwindled as prosperity returned, and the program was stopped...

Author: /time Magazine | Title: Food Stamps | 9/14/2009 | See Source »

...Alderson Muncy of Paynesville, W.Va., inaugurated the Kennedy-era program, buying a can of pork and beans on May 29, 1961, to help feed their 15-person household. The Food Stamp Act, making the program permanent, was passed by Congress in 1964; it swelled to a million recipients by 1966. Program enrollment and benefits continued expanding as national attention focused on the plight of the poor, especially in rural areas, spurred in part by the groundbreaking 1968 TV documentary Hunger in America. By 1975, nearly 20 million people were relying on food stamps. (Read about what George Soros is doing...

Author: /time Magazine | Title: Food Stamps | 9/14/2009 | See Source »

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