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...Federal Reserve has said that it now expects unemployment to hit almost 9% by the end of the year. But, the point at which the economy begins to turn around is not when joblessness hits its peak. This inflection comes when the rate of the increase in firings begins to slow. The most important moment in a downturn comes not when the damaging contraction's momentum has come to rest but when its progress has begun to slow. (See pictures of former Fed Chairman Alan Greenspan...

Author: /time Magazine | Title: Why March Will Be the Recession's Tipping Point | 2/20/2009 | See Source »

...unfold inside Tibet, where the 15 days of festivities begin on Feb. 25 in accordance to the Tibetan lunar calendar, tension is likely to rise further. Even Chinese officials have said they can't rule out an outbreak of trouble, blaming the Dalai Lama for fomenting unrest. Tensions could peak closer to March 14, when the bloody demonstrations started last year...

Author: /time Magazine | Title: In Protest, Tibetans Refuse to Celebrate New Year | 2/18/2009 | See Source »

...population of Japan ages - with a peak expected in 2025 when the number of those aged 75 or older will reach 22 million, or about 19% of the projected total population, compared to 13 million today - the situation is not likely to improve anytime soon. The need for emergency transportation jumped 50% between 1996 and 2006, and 108% for the elderly. One solution, Kondo says, is to increase the number of doctors, which, given the fierce competition for medical school slots in Japan, will take time despite the fact that Japan has fewer doctors and nurses than the average developed...

Author: /time Magazine | Title: Are Japan's Emergency Rooms in Trouble? | 2/16/2009 | See Source »

...usual boundaries of a Black Keys album. Part of this expansion involves experimenting with levels of diminished intensity outside of the Keys’ consistently heavy-handed work. The album crafts a clearer arc than anything previously released by the Keys, starting slowly and lifting up to a peak before settling down gently on the delicate Taj Mahal-like final track “Goin’ Home.” The album’s opener, “Trouble Weighs a Ton,” makes clear the new direction Auerbach is taking. He seems to be doing...

Author: By Sasha F. Klein, CONTRIBUTING WRITER | Title: Dan Auerbach | 2/12/2009 | See Source »

...depression, often a prelude to substance abuse and suicides. While people jumping out of buildings during the Great Depression was not nearly as common as Hollywood and cartoonists had everyone believe, suicide definitely spiked during that dark period in the nation's history. Suicides in the U.S. reached a peak in 1933 (increasing to 17 per 100,000, from 14 per 100,000 in 1929), around the same time unemployment had swollen to 25%. By contrast, more recent recessions have not had a marked effect on suicide rates, which in the U.S have been running at about...

Author: /time Magazine | Title: Suicides: Watching for a Recession Spike | 2/9/2009 | See Source »

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