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Unemployment is going to be a problem even though many economists view the current economic crisis on the whole as a rough patch with a foreseeable end. Some optimistic forecasts show GDP growth slipping until sometime in the latter part of 2009, when it is expected to inch upward again. But even an uptick in broad economic indicators after next year is unlikely to ease unemployment. The high unemployment rates taking shape now are likely to hover near record levels for some time, because economic recoveries in recent decades have tended to go forward without generating many jobs...

Author: /time Magazine | Title: Unemployment: The Problem That May Linger | 10/27/2008 | See Source »

...shaman inhaled the incense smoke and flicked flower petals into the tropical air. My husband and I were sitting on a patch of earth on the Indonesian island of Bali as the local priest, Ida Bagus Putu Wija, communed with the resident spirits about our vague plans to build a holiday home there. Eventually, the Balinese wise man gave us the news that would literally determine the shape of our future villa. In the parallel spirit world of this devoutly Hindu island, our peaceful stretch of riverbank was actually a bustling spirit town, far bigger than the nearby human village...

Author: /time Magazine | Title: A Tale of Two Islands | 10/16/2008 | See Source »

...With 20 years of work and savings under his belt, Bonduel, 57, feels he'll be able to ride out a bad patch. But he acknowledges that his guests' more modest outlays have forced some changes on him. "For the first time ever, I closed the restaurant in August and went on vacation because no one was coming to eat," says Bonduel. "I do the cleaning myself, and we've stopped sending the tablecloths out for laundering and pressing to save money. I also had to let one of the cooks go ... We'll be fine, but we are having...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

...Despite huge attempts to patch things up they both knew deep down that divorce was on the cards," the source said. "It wasn't a matter of 'if' but 'when...

Author: /time Magazine | Title: Madonna and Guy Ritchie to Divorce | 10/15/2008 | See Source »

...road. "When you're on vacation you have a certain aura about you - you're excited, you're up for fun and open to trying new things. Plus there's no one around to judge you for, say, making out with that cute guy with the eye patch you met on the beach...

Author: /time Magazine | Title: Can't Find Love at Home? Travel | 10/14/2008 | See Source »

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