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...jobs are created - and what sorts of jobs Americans want to do. The most likely sources of job growth in the next few years are going to be confined to health care, education and restaurant/hospitality services. But we can't nurse, teach and barista our way to real national power. Service jobs alone can't support growth and innovation - which will be essential as we struggle to pay off a historic national debt and fund the retirement of the baby boomers. So in addition to a retraining push, a sensible set of policies would shift the landscape of job creation...

Author: /time Magazine | Title: Jobless in America: Is Double-Digit Unemployment Here to Stay? | 9/11/2009 | See Source »

...world's biggest oil reserves. Saudi Arabia cut its production last year in order to prop up world oil prices and is easily the bigger potential oil producer. But oil analysts say that by ignoring OPEC's calls for production cuts, Russia has shown OPEC how little power it wields over non-OPEC producers. Although Russian officials told an OPEC summit last December that they too would cut production, the country "has repeatedly failed to do so, and the Russian government has done absolutely nothing to exert its influence" on oil companies, says Julian Lee, senior analyst at the Center...

Author: /time Magazine | Title: Oil Prices Stabilize; Can OPEC Keep Them That Way? | 9/11/2009 | See Source »

...jobs for car-part makers. It means less government spending on infrastructure and other public services, including economic development. The sum effect is less available work for job seekers - a perfect vicious circle. For a well-educated job loser like Whitfield, it can mean a permanent drop in earning power and standard of living - a reversal of the American Dream...

Author: /time Magazine | Title: The Ripple Effect: What One Layoff Means For A Whole Town | 9/11/2009 | See Source »

...With folks forgoing vacations, Hyco Lake, 10 miles north of Roxboro, was a busier place this summer. It's a man-made lake that actually serves a business purpose. The south end of Hyco Lake feeds cooling water to a massive power plant owned by Progress Energy. The plant employs 268 people and generates up to 2,425 MW of electricity. In January, just after he was laid off, Whitfield called human resources at Progress to see about a job. The Roxboro power plant employs six supply-chain analysts, says Harry Sideris, the plant manager, but he doesn't need...

Author: /time Magazine | Title: The Ripple Effect: What One Layoff Means For A Whole Town | 9/11/2009 | See Source »

...nation's capital is naive enough to think that President Barack Obama's address before Congress Wednesday evening, Sept. 9, was somehow, in one fell swoop, going to overcome all the opposition to health-care reform, the power of his rhetoric winning over skeptics like a latter-day Mr. Smith Goes to Washington. But after the President's impassioned, 47-minute speech drew thunderous applause and improved poll ratings, even some of the most jaded Democrats may have allowed themselves to think that maybe Obama's oratory really was a "game changer," as Senate majority leader Harry Reid...

Author: /time Magazine | Title: After Obama's Speech, It's Back to Wooing the Skeptics | 9/11/2009 | See Source »

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