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...South, long synonymous with hyper economic growth, is going through a harrowing recession. Currently, 8 of the 15 states with the highest unemployment rates are in the South: North and South Carolina, Georgia and Florida are all reporting the highest rate in their state's history. South Carolina posted the nation's third-highest unemployment rate for March - 11.4%, after Michigan and Oregon. (Read "When Joblessness Becomes Homelessness...
Atlanta's growth bolstered the aspirations of cities and towns across this region. But the recession is delivering a dose of sobriety, and stoking fears in places like Allendale County, S.C., 200 miles away. Allendale County's unemployment rate stands at 23.4%. Ronnie Jackson, the mayor of the town of Allendale, population barely 3,700, says the town's decline started in the 1970s, when the old Route 301 was replaced by I-95 as the main connector to Florida. The town lost motels and restaurants, says Jackson, the mayor since last November. But the more recent closure...
...million. When Whitney asked CEO Jamie Dimon if the business would return to profitability this year, his answer was a succinct "No." At Citi, "credit-card losses seem to be breaking their historical correlation with unemployment," CFO Kelly said. That is, credit-card losses normally rise with the unemployment rate. Now they're rising faster...
...Green has explained, the real impetus behind Africa’s pandemic, as opposed to other localized AIDS outbreaks, is the prevalence of multiple and concurrent sexual partners. HIV spreads at a markedly more efficient rate within the first few weeks of infection. As a result, if those infected reduced the frequency with which they changed partners or are linked to existing partners—let alone practiced abstinence—the disease could not continue to proliferate at its current prodigious levels...
...village of La Reforma in eastern Guatemala doesn't seem like the kind of place that would have a first-rate hospital and a handful of mansions. There's no bank, no grocery store and more than 70% of the inhabitants of the municipality that includes La Reforma, called Huite, are poor. But officials tell TIME they suspect a few locals are making a handsome profit by assuring that Colombian cocaine makes it safely through Guatemala to Mexico and then...