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Pittsburgh knows all about recessions. This city was left for dead when steel and heavy manufacturing were smothered by globalization that started some 20 years ago. Pittsburgh never had a housing boom. How could it, when a quarter of the population evaporated when the jobs did? Pittsburgh's finances were so awful that it became a virtual ward of the state in 2003. Is your burg afraid of losing airline service? USAir's business crashed here in 2002. The spacious airport is half empty on a Sunday...

Author: /time Magazine | Title: Finding One Economic Bright Spot on Main Street | 10/9/2008 | See Source »

...total yards against a Leopards defense that had led the nation in scoring defense coming into the game. Senior quarterback Chris Pizzotti threw for 231 yards and a touchdown, and junior tailback Cheng Ho steadied the ground game with 108 yards and a touchdown, including a 51 yard fourth quarter run that helped seal...

Author: By Dennis J. Zheng, CONTRIBUTING WRITER | Title: Crimson Faces Big Red Test | 10/9/2008 | See Source »

After the 1929 collapse, which at its worst left a quarter of the workforce jobless, the U.S. instituted safeguards to ensure liquidity, confidence and trust in the U.S. financial system. There were four pillars: insuring the bank deposits of everyday Americans, allowing access to government funds in case of a panic, providing a regime for the orderly failure of badly run companies and limiting how much credit could be leveraged off a particular asset...

Author: /time Magazine | Title: Are Paulson and Bernanke Running Out of Options? | 10/8/2008 | See Source »

...arrested and expelled in the summer of 2000, and later, of shadowing a marine battalion during the invasion of Iraq. Filkins likened the aftermath of the American army’s successful march into Baghdad to a winning football team’s loss in the fourth quarter of the game, saying that “in the space of just a couple hours, you could feel the wind go out.” At the end of the lecture, audience member Michelle A. Payne, whose brother served in Filkins’s unit, asked Filkins about an episode...

Author: By Noah S. Rayman, CONTRIBUTING WRITER | Title: War Reporter Engages Bookstore Audience | 10/8/2008 | See Source »

...have again made North Korea a ward of the international community. At the request of Pyongyang, the World Food Program (WFP) has stepped up its relief effort in recent months. The agency plans to provide food in the coming weeks for more than 6 million North Koreans - about a quarter of the population. In certain parts of the country, particularly the northeast, the situation is "reaching a level of humanitarian emergency," says Jean-Pierre de Margerie, the WFP's country director for North Korea in Pyongyang...

Author: /time Magazine | Title: The Real Crisis in North Korea? Food | 10/6/2008 | See Source »

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