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...American economy should be so lucky. Buried among the Fed's most recent comments on the economy were concerns about the financial and credit markets as well as employment and spending. Since the minutes are distilled before being sent out to be reviewed by an anxious public, the actual concerns among the Fed governors has probably been significantly understated. (See pictures of the Top 10 scared traders...

Author: /time Magazine | Title: The Lost Decade May Only Last Three Months | 4/9/2009 | See Source »

Here's why. At no other time in recent history has it been easier or cheaper to start a new kind of company. Possibly a very profitable company. Let's call these start-ups LILOs, for "a little in, a lot out." These are Web-based businesses that cost almost nothing to get off the ground yet can turn into great moneymakers (if you work hard and are patient, but we'll get to that part of the story...

Author: /time Magazine | Title: The New Internet Start-Up Boom: Get Rich Slow | 4/9/2009 | See Source »

...time to start a company that depends on automotive advertising. But he knew that going in. "I wanted to launch into the dip so that by the time advertising improves, MotorMouths will be sitting pretty," he told me a few days ago. He said he was optimistic, based on recent figures that show auto ads are on the upswing. "If our current growth trends hold and the ad trends hold, MotorMouths could be a $250,000-revenue company within 18 months...

Author: /time Magazine | Title: The New Internet Start-Up Boom: Get Rich Slow | 4/9/2009 | See Source »

Local contractor Wayne Mayo, 54, has watched this long slump up close. Like many other people in St. Helens, he used to work in the timber industry, as a lumber broker. But his more recent turn, as a general contractor, brought him face-to-face with an economic force he felt he could influence: illegal immigration. Although St. Helens has a relatively small Hispanic community - some legal, some illegal - the town is just 30 miles (about 50 km) from major population centers like Portland and Beaverton, close enough that out-of-town contractors with crews of underpaid, underdocumented construction workers...

Author: /time Magazine | Title: Despite Backlash, Illegal Immigrants Stay Put | 4/9/2009 | See Source »

Zardari's U.S.-backed government is continuing to struggle. The recent political turmoil has settled but has left the already unpopular President in a weaker position, making it even more difficult for him to influence the army and a skeptical public. "The ISI is run by the army and will do what [Army chief] General [Ashfaq] Kayani wants," says Sethi...

Author: /time Magazine | Title: In the War Against Militants, U.S. and Pakistan Remain at Odds | 4/8/2009 | See Source »

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