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Economists predict a contraction in the Canadian economy of between 1.4% and 1.9% this year, followed by tepid growth of 2.4% to 2.7% in 2010. If Canada hopes to get back on the road to recovery, not only will it have to erase its burgeoning trade deficit, but just as important, the country's volume of trade will have to make up for lost ground in 2009. Right now, achieving either looks to be a long...

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

...problem is twofold. First, it's hard to predict the future. Second, it's really hard to predict the future when so many parts of the economy are in flux. "This has been an extraordinarily difficult period for forecasters," says Harvard economist James Stock. "Our models aren't really designed for predicting massive changes." Philip Joyce, a professor of public policy and administration at George Washington University, figures that in normal times, budget projections a couple of years out tend to be pretty reliable, at five years less so and at 10 years not much at all. "But these aren...

Author: /time Magazine | Title: Why Are Economists So Bad at Forecasting? | 7/17/2009 | See Source »

...Even so, some predict the official reaction will come - in time. "I think in the next days and weeks there will be more attention, because it just started in the Arab media," says political analyst Rashwan, adding that Muslim organizations in the Middle East will also start to publicly voice support for the Uighurs. In the most extreme case yet, al-Qaeda in the Islamic Maghreb this week called for attacks on Han Chinese in North Africa in retaliation for Muslim deaths. (See pictures of China after the riot deaths on LIFE.com...

Author: /time Magazine | Title: In the Middle East, Little Outcry Over China's Uighurs | 7/17/2009 | See Source »

...swearing, people have an emotional response, and it's the emotional response that actually triggers the reduction of pain," says Stephens, whose next step is to research the relationship between induced aggression and reduction of pain. (In past studies, the opposite has been found: higher levels of pain tolerance predict heightened aggression...

Author: /time Magazine | Title: Bleep! My Finger! Why Swearing Helps Ease Pain | 7/16/2009 | See Source »

...Administration officials predict that Obama will not weigh in on many of the more contentious issues until a health-care bill passes both houses and reaches a conference committee this fall, much as he has done with other big bills. There are areas where Obama will be needed to help cut a final deal: determining which taxes will be raised and which programs will be cut to pay for the legislation; defining the shape and size of a public plan; deciding what businesses and individuals will be required to do. Between now and then, White House officials...

Author: /time Magazine | Title: Time for Obama to Step In? | 7/16/2009 | See Source »

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