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...That feeling of impending doom is speeding the collapse in sterling's value, and prompting renewed discussion about whether Britain should ditch the pound for the euro, which this month celebrated its first 10 years...

Author: /time Magazine | Title: The Proud Pound's Fall from Grace | 1/27/2009 | See Source »

...changed the stocks around a lot throughout the year. In July, when the banks were cratering, we bought Bank of America at 18 [dollars a share], and it jumped right back up to the 30s, and we sold it there. That's not something you usually do within a month's time. Last year was really opportunistic. In a month's time you went from cheap to fairly valued - and in many cases back down to cheap...

Author: /time Magazine | Title: Tom Forester, 2008's No. 1 Stock Picker | 1/27/2009 | See Source »

...Economists were alarmed that unemployment was increasing by 500,000 to 550,000 people a month in the last four months of 2008. The rate at which that pace is quickening since the beginning of the year is nearly beyond imagining. Will one million people lose jobs in January? The anecdotal evidence would support a number much nearer to that than the 500,000 or so that most analysts have forecast. (See pictures of a city battered by unemployment...

Author: /time Magazine | Title: Creating Jobs Trumps Building Bridges | 1/27/2009 | See Source »

...economic stimulus bill which should get to the president's desk in a month is meant to save or create 3 million to 4 million jobs over the next 2 years. That is impossible. The unemployment hole is getting too big too fast...

Author: /time Magazine | Title: Creating Jobs Trumps Building Bridges | 1/27/2009 | See Source »

January is a big month for winter sports and post-Christmas sales. It's also - as people who treat substance abuse know - a big month for drinkers who want to quit. The holidays are over and bank accounts are thin, but addicts can't stop partying. Many choose January to ask, at long last, for help. But what sort of help is the most useful? (See "The Year in Medicine 2008: From...

Author: /time Magazine | Title: Battling Addiction: Are 12 Steps Too Many? | 1/27/2009 | See Source »

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