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...financial meltdown has turned into global economic crisis, the human cost in terms of lost jobs and displaced workers is growing at a terrifying pace. The International Labor Organization (ILO) predicts that 38 million people around the world could lose their jobs this year alone, sending unemployment rates in Europe and the U.S. into double digits for the first time in years and slowing - or in some places reversing - the massive jobs growth of recent years in Asia. Alarmed by the social and political consequences, governments, companies and labor unions in countries across the globe are scrambling...

Author: /time Magazine | Title: Can These Jobs Be Saved? | 4/2/2009 | See Source »

Lone Star Losses Nowhere has the pace been more punishing than inside the Houston Recruiting Battalion. One of every 10 of the Army's recruits last year came from Texas - the highest share of any state - and recruiters in Harris County enlisted 1,104, just 37 shy of first-place Phoenix's Maricopa County. The Houston unit's nearly 300 recruiters are spread among 49 stations across southeast Texas. Since 2005, four members recently back from Iraq or Afghanistan have committed suicide while struggling, as recruiters say, to "put 'em in boots." TIME has obtained a copy of the Army...

Author: /time Magazine | Title: Why Are Army Recruiters Killing Themselves? | 4/2/2009 | See Source »

...there have been five great waves of extinction in the planet's history--the most recent being 65 million years ago when the dinosaurs bit the dust. Now, he suggests, we may be entering the sixth. Some 1 in 4 mammals are under threat, and conservationists estimate that the pace of extinction is up to 1,000 times as great as it was before humans walked the earth. The great difference this time is that the cause is man-made. Climate change, according to some conservationists, could contribute to the dying out of 20% to 30% of all species...

Author: /time Magazine | Title: Life Cycle | 4/2/2009 | See Source »

...comments were filled with economic jargon but pregnant with meaning. "If there's going to be renewed growth, it can't just be the United States as the engine. Everybody is going to have to pick up the pace," Obama continued. He went on to say that the world would have to shift away from the situation where other nations are "only exporting and never importing" to a "balance in how we approach these issues...

Author: /time Magazine | Title: The G-20's Hidden Issue: A Global Trade Imbalance | 4/1/2009 | See Source »

...based on 651,000 people being pushed out of their jobs during the month. With the March jobs report only a few days away, the debate is whether the rate at which the economy is causing people to lose work will stay on a 600,000 to 700,000 pace or whether the job loss is slowing and whether the U.S. will avoid a nationwide unemployment rate...

Author: /time Magazine | Title: What New Unemployment Numbers Mean | 3/31/2009 | See Source »

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