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...largely predicated on a successful restructuring of GM and Chrysler and a rebound in consumer confidence in Canada and the U.S. If these prickly issues do not show signs of real improvement, it's likely that the Canadian and U.S. economies will continue to shrink, or at best move sideways. (See pictures of retailers that have gone out of business...

Author: /time Magazine | Title: Just When Canada Thought It Was in Recovery... | 7/20/2009 | See Source »

...parents, just as their parents did better than the generation before them. The realization that Nikes, Wiis and cell phones are not their birthright comes as a hard lesson. With credit tight, young Spaniards are finding it virtually impossible to buy their own homes. Many have been forced to move back in with their parents or put off plans to move out. "A whole generation is having its ambitions thwarted," says Daniel Lostao, president of the Youth Council of Spain...

Author: /time Magazine | Title: The Broken Hopes of a Spanish Generation | 7/20/2009 | See Source »

...When the ? 23-year-old started her university studies in sociology at the University of A Coruña in 2005, her parents could afford to rent her a dormitory room and, later, an off-campus apartment. But when their budget became tighter last year, she had to move back home. Now she commutes to school, a 90-minute train ride away. Fernández doesn't see any end in sight to her dependency. "My father worked as a machinery operator, my mother is a housewife. They put me through school so that I'd have a better...

Author: /time Magazine | Title: The Broken Hopes of a Spanish Generation | 7/20/2009 | See Source »

...memorial is a poor medium for objective assessment, which we needed after Jackson's death, and will need if and when there is more news in its aftermath. But in a perfect world, it would provide the media with an end point, a reason to pause and move...

Author: /time Magazine | Title: Michael Jackson: Goodbye, or See You Soon? | 7/20/2009 | See Source »

Leadership, to Americans, is a familiar concept. Go into any bookstore, and the number of tomes with the word in the title--Total Leadership, The Leadership Code, Leadership for Dummies (of course)--can make you think it has replaced dieting as a way to move merchandise. Listen to politicians' stump speeches, and it will be seconds before you hear them extol their unique leadership qualities...

Author: /time Magazine | Title: No Charisma? Don't Worry, You Can Still Be a Leader | 7/20/2009 | See Source »

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