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...ramping production back up, but demand hasn't fully returned, so they hesitate to hire. The conundrum: demand in the U.S. is overwhelmingly consumer-driven and people need to have jobs to feel like it's once again safe to spend money. It's a classic chicken-or-egg problem. Direct hiring by the government could, theoretically, sidestep the impasse. The question then becomes whether such a program creates more economic benefit than it does economic inefficiency by having the government dictate job creation. Consider that one criticism of the WPA was that it prevented people from moving to jobs...

Author: /time Magazine | Title: Can the Federal Government Really Create Jobs? | 12/8/2009 | See Source »

...jobs. To do that, they need to grow, and to do that, they often need access to credit. While the ability of large firms to borrow has pretty much returned to normal, many smaller firms are still struggling to get the money they need from banks. It's a problem that even Federal Reserve Chairman Ben Bernanke has talked about in recent weeks. The seeming solution: help get small, growing companies loans and the jobs will follow...

Author: /time Magazine | Title: Can the Federal Government Really Create Jobs? | 12/8/2009 | See Source »

...second problem with Obama's agenda is that although he wants to cut deals with regimes like Iran's and movements like the Taliban, he's not in a particularly strong position to do so. Back in 2002 or 2003, when the U.S. looked almost invincible, the Iranians appeared willing to concede a lot simply to forestall a U.S. attack. Now, with the U.S. mired in Afghanistan and Iraq, they are less afraid and thus less willing to deal. Similarly, the Taliban have little incentive to break with al-Qaeda so long as they feel they're gaining momentum...

Author: /time Magazine | Title: Obama Shrinks the War on Terrorism | 12/7/2009 | See Source »

...problem, Dounia Bouzar says, is that "those are two sides of the same coin that only reinforce divisive stereotypes. Rather than subjective attitudes or sensibilities, pragmatism should prevail in determining whether individual religious observance is compatible with professional objectives." (See pictures of colorful religious festivals...

Author: /time Magazine | Title: The Islamic Divide at Work: Advice for French Bosses | 12/7/2009 | See Source »

...film at the City of David visitors' center, narrated by a fictional Israeli Indian Jones-type character named Amos (armed with a "shovel and a Bible"), never mentions Christianity or Islam and ends by proclaiming that "neighborhood by neighborhood, Jerusalem is renewed as the eternal capital of Israel." The problem is that Jerusalem was not always the capital of Israel - the city was ruled for centuries by Christian and Muslim empires. Today, its status remains disputed. The City of David and the Old City are located in predominantly Arab East Jerusalem, which was captured by Israel from Jordan during...

Author: /time Magazine | Title: Jerusalem: A Growing Powder Keg in Mideast | 12/7/2009 | See Source »

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