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...Last year (the most recent year available) it was $50,303. And given that the unemployment rate has climbed to 10.2%, income will almost certainly drop again this year. Low-income Americans fared even worse. In 2000, 11.3% of Americans were living below the poverty line. By 2008, that number had risen to 13.2%. Meanwhile, the percentage of Americans without health insurance increased from...

Author: /time Magazine | Title: The '00s: Goodbye (at Last) to the Decade from Hell | 11/24/2009 | See Source »

...national psyche has been damaged as much as our national economy by the record number of corporate bankruptcies, many of them household names: Kmart, United Airlines, Circuit City, Lehman Brothers, GM and Chrysler. The price of oil more than tripled this decade, settling at more than $70 a barrel, straining our economy...

Author: /time Magazine | Title: The '00s: Goodbye (at Last) to the Decade from Hell | 11/24/2009 | See Source »

...students at Virginia Tech in 2007 and the recent slaughter at Fort Hood, than in any other decade. There were more large-scale terrorist bombings and attacks in countries like England, Spain, Pakistan, Indonesia, Russia, Jordan, the Philippines, Turkey, India and of course the U.S. The absolute number killed was not great, but the idea that terrorists can attack anytime and anywhere is new and profoundly unsettling...

Author: /time Magazine | Title: The '00s: Goodbye (at Last) to the Decade from Hell | 11/24/2009 | See Source »

...well in internal Republican focus groups: "arrogant," which is how they repeatedly described the Democratic approach. On Sunday, minority leader Mitch McConnell was at it again, telling CNN that he does not believe Democratic moderates will allow the bill to pass without significant changes: "I believe there are a number of Democratic Senators who do care what the American people think and are not interested in this sort of arrogant approach that everybody sort of shut up and sit down, get out of the way, we know what's best...

Author: /time Magazine | Title: Republicans Plot Their Health Care Attack Strategy | 11/23/2009 | See Source »

...truth is, now that the bill is on the Senate floor, it will be very difficult for anyone to make any significant changes, unless they can muster 60 votes for them. Although there will be a number of skirmishes - over abortion funding, illegal immigrants' access to the new insurance marketplace, a government-run public option and whether to help pay for the whole enterprise by raising taxes on the rich or taxing high-end, so-called Cadillac insurance plans, just to name a few - everyone knows that the real test will be the moment, weeks from now, when Reid attempts...

Author: /time Magazine | Title: Republicans Plot Their Health Care Attack Strategy | 11/23/2009 | See Source »

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