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...options and commission payments. Some workers are even taking cuts in base salaries. Many employers and economists believe this newfound flexibility in pay may help keep unemployment a bit lower than it has been in previous downturns. But even as it cushions the blow, it is also spreading the pain to far more Americans. Robert Reich, Labor Secretary in the first Clinton Administration and now a professor of economics and social policy at Brandeis University, observes that "the biggest problem people will face this time around will be not the loss of jobs but the loss of income...

Author: /time Magazine | Title: Paying To Keep Your Job | 10/15/2001 | See Source »

Most important, and perhaps ironic, a downturn in the bonus economy could cause a wider ripple effect than traditional layoffs. "The pain is now spread through more people in the company," notes Steven Gross, a compensation expert with the firm William M. Mercer consulting. "The drop in bonus pay will have an effect on consumer spending. And it could be dramatic." Just how dramatic? Thanks to cutbacks in variable pay, personal income in the first quarter of next year could drop as much as $30 billion, according to a study by economist John Youngdahl of Goldman Sachs...

Author: /time Magazine | Title: Paying To Keep Your Job | 10/15/2001 | See Source »

...sleep. I don't want to talk about it anymore. A Chicago psychotherapist goes to church in search of calm and respite. "I had to listen to 100 different versions of how horrendous an event this was," he says. "I didn't want to hear any more pain, to have more emotions thrown at me. The pastor felt that he needed to talk about whether people are being too patriotic and too gung-ho. That's fine. But that was not what I went there...

Author: /time Magazine | Title: The Argument For Arguing | 10/15/2001 | See Source »

...like to interview all these characters that give Cambridge its distinctive personality—the homeless woman on Mass Ave, the saleswomen in Mudo, the Spare Change man in front of Au Bon Pain, the guy at the smoothie stand in the T. I have always wondered who they are, how long they’ve been around and, perhaps most baffling of all, where they come from...

Author: By Sue Meng, CRIMSON STAFF WRITER | Title: Our Town | 10/11/2001 | See Source »

...whose love for them was so great that He came to earth to live, suffer and die so that they’d know how valuable they are, so they wouldn’t have to remain separated from Him by the guilt of a lifetime of mistakes and pain...

Author: By Benjamin D. Grizzle, CRIMSON STAFF WRITER | Title: there are no atheists in foxholes | 10/11/2001 | See Source »

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