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...Goldman report suggests that over the next year, "lagging" sectors of the economy - like construction, manufacturing, financial services and retail - are likely to incur many of the coming losses. According to the Bureau of Labor Statistics, some of these sectors already have seen deep cuts of late. Reich says all industries that rely on discretionary spending are at risk, while regions where at-risk industries once thrived could be battered. Dwindling housing and construction markets could cripple the Sun Belt; hospitality-heavy regions like Florida could suffer from a lack of tourist spending; and auto-manufacturing states like Michigan should...
...last, then this is no time to scale back. With investors rightly spooked, however, governments on both sides of the Atlantic need to show more leadership. "Seen in the right way, people can learn important lessons from [the crisis]," says Nicholas Stern, the British economist whose 2006 report laid out the financial merits of tackling climate change. "Low carbon growth will be a very important engine of growth over the next 20 years...
...TIME's special report on the environment...
...moccasins, not UGGs and—sorry to report, prepsters—not even a pair of flashy Tory Burch flats. I pushed all of these choices aside, for none of them could have single-handedly saved me from my frumpy...
Whether or not John McCain pulls off a comeback, conservatives will suffer a loss on Nov. 4. Brit Hume, the managing editor of FOX News Channel's Washington, D.C. bureau and the anchor of the network's "Special Report," will step down from those duties after the election. (He will remain on air in a limited capacity.) Hume worked as a correspondent for ABC News for 23 years before moving in 1996 to FOX, where he has been the network's elder statesman and a leading proponent of its "fair and balanced" credo. Hume spoke with TIME about stamping...