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...sharp drop in demand for Alberta oil, plus auto-plant shutdowns in Ontario, have pushed Canada's trade deficit for May to an all-time high of $1.2 billion. This is in contrast to to a much smaller merchandise-trade deficit of $346 million reported in April and a healthy surplus of $979 million in March, according to the government agency Statistics Canada. (See 10 things to buy during the recession...

Author: /time Magazine | Title: Just When Canada Thought It Was in Recovery... | 7/20/2009 | See Source »

...Citroën factory opened in Vigo in 1958; by 2007, it was manufacturing 547,000 cars a year and had become the company's highest-producing plant in Europe. It was also the largest company in the region of Galicia, directly employing more than 10,000 locals. Those steady, well-paid jobs helped transform what was once a rough-and-tumble port into a pleasant seaside city, complete with manicured boulevards, a contemporary-art museum and plenty of Zara outlets. By 1990, there were enough ambitious young people in Vigo to support a university...

Author: /time Magazine | Title: The Broken Hopes of a Spanish Generation | 7/20/2009 | See Source »

Test results released on July 16 showed that the blob wasn't oil but a plant - a massive bloom of algae. While that may seem less dangerous, people are still uneasy. It's something the mostly Inupiat Eskimo residents along Alaska's northern coast say they cannot remember seeing before. (See pictures of the Arctic...

Author: /time Magazine | Title: Arctic Mystery: Identifying the Great Blob of Alaska | 7/18/2009 | See Source »

...people building the F-22s need the jobs they generate. In the past week, three labor groups whose members help assemble the planes - the AFL-CIO, the International Association of Machinists and Aerospace Workers and the United Steelworkers - have urged lawmakers to keep them in production. With F-22 plants and suppliers spread across 44 states, there's a lot of support on Capitol Hill for keeping it in production. Senator Saxby Chambliss, the Georgia Republican who has thousands of constituents working on the planes at the Lockheed-Martin plant in Marietta, wants to keep those voters employed. He solicited...

Author: /time Magazine | Title: Dogfight Over the F-22: Protecting Jobs or the Nation? | 7/15/2009 | See Source »

...without the clout of Agassi. It's interesting to watch how Tom Casten and his son Sean, who run Recycled Energy Development, can get almost frustrated when they explain how much energy we leave on the table in just about everything we do. They can walk into a steel plant and immediately find 50 megawatts worth of wasted juice and design ways for it to be captured. There aren't many people who can do what the Castens do. As the price of gas goes up and our energy crunch becomes more acute, however, more companies like RED will surely...

Author: /time Magazine | Title: How the Coming Rise in Gas Prices Will Change the World | 7/15/2009 | See Source »

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