Word: recessional
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As co-founder (with George Soros) of the hugely successful Quantum Fund, investment guru Jim Rogers had made enough money by 1980 to retire at age 37. Since then, he has spent his time jaunting around the world, writing books on his travels and investment advice with names like Adventure...
Week after week, we have been focusing on the state of the economy and how it's causing people to change their lives and recalibrate their expectations. For this week's cover story, written by editor at large Nancy Gibbs and designed and produced by deputy art director D.W. Pine...
In designing our poll, we tried to get at people's behavior as well as their attitudes. It's one thing to say you are anxious about the future; it's another to raid your retirement fund to pay the bills. We found interesting differences tied to age and gender...
Fifty years ago, there were 10 family-owned spinning plants in Kings Mountain and hundreds of textile mills across the Carolinas, employing hundreds of thousands of people. You know how that story went. Patrick Yarns is the only family-owned spinning plant still standing in the small mill town, and...
"The blanket-yarn market has disappeared, but we're developing a different yarn that will replace it," says Patrick. "This is unlike any recession we have experienced in most of our lifetimes, and it's cutting across virtually all segments of the economy. So we're doing everything possible to...