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...Army suicides, which have steadily increased over the past five years, reached an all-time high in 2008. An Army report released on Jan. 29 confirms that at least 128 soldiers took their own lives last year--the first time since the Vietnam War that the military suicide rate has surpassed the civilian rate. Army officials point to the mental stress of the ongoing conflicts in Iraq and Afghanistan as a primary factor in the rising rate and have proclaimed a commitment to addressing the issue with an increase in mental-health resources and access to counseling...
...real estate meltdown, Americans have become more careful with their money, spending less and saving more. While good for individuals, such mass saving is disastrous for the economy--less shopping means fewer retail jobs; less home-buying means fewer construction jobs. According to the Commerce Department, the personal savings rate in 2008 was nearly three times as high...
...steel factory idled two of its blast furnaces. The government estimates that companies laid off about 200,000 workers in December and January, but that's probably an understatement. Yevgeny Gontmakher, an economist who heads the Russian Academy of Sciences' Social Studies Center, expects that Russia's official unemployment rate, long below 6%, will be twice that level...
...Sold the World” is about all this. Either that or David Bowie. It could go either way.Eight in the BoxBy Raffi YessayanThe book focuses on a handsome, intelligent, witty college student who falls victim to a diabolical price gouging scheme. After years of paying the reasonable rate of 85 cents for his two-packs of brown sugar Pop Tarts, he one day discovers that the vending machine deities have betrayed this long-standing tradition, raising the fee to an outrageous price of one American dollar. Our hero falls to his knees in front of the behemoth nutrient dispenser...
...relatively free-flowing trade and movement of workers of the past few years. The extent of that could be determined by just how bad the region's economies get. "We've already seen the rescue of finance sectors bleed into industries like automakers and construction at an extremely rapid rate - one that's accelerating further as frightened publics demand protection from national leaders," says Karel Lannoo, CEO of the Centre for European Policy Studies in Brussels. "This is undermining something the world learned in the past two decades, and a lesson the European Union learned in particular: everyone benefits when...