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...States will include a large number of manufacturing jobs paying wages which are historically low. It is easy to say that manufacturing can never prosper in America because the fixed prices for labor are too high. The recession has broken the grip of expensive labor. Manufacturing can and will return to the United States. American workers will work on assembly lines. They will be employed but their standard of living will go down. They cannot have jobs if it doesn...

Author: /time Magazine | Title: Despair and the Vision of the New Economy | 5/5/2009 | See Source »

...Home prices will not get better until the elements that made housing prices perform so well for almost ten years return. Those elements may not come back with the force that they had in 2003, 2004, and 2005, but they must make a modest recovery for housing to recover. People have to be able to believe that they have some meager job security. A bank has to tell them that it wants their business. And, they have to feel that they can, if only rarely, get a raise...

Author: /time Magazine | Title: Despite Signs to the Contrary, Real Estate Will Get Worse | 5/5/2009 | See Source »

TIME: The H1N1 flu virus could disappear now but return in a more dangerous form in the fall at the start of the next flu season. What should we do to prepare between now and then...

Author: /time Magazine | Title: CDC's Dr. Richard Besser on Swine Flu and Katrina | 5/5/2009 | See Source »

...constitution-making process will be delayed, and the country's economic condition, already serious due to the global downturn, will worsen," says Nihar Nayak, Associate Fellow at the New Delhi-based Institute of Defense and Security Analysis. "There may be street demonstrations, general strikes, road blockades, but no return to the jungle. Whatever action will be taken, will be within the Nepali constitution, and in a democratic...

Author: /time Magazine | Title: Nepal's PM Resigns, in New Crisis for Maoists | 5/4/2009 | See Source »

...able to gain access to the group. Over the Mexican government's objections, China has decided to halt all AeroMexico flights coming into China. On Monday evening, the Chinese Foreign Ministry posted a brief announcement on its website saying that China and Mexico had planned for charter flights to return stranded nationals from the two countries, but no details were provided...

Author: /time Magazine | Title: China and Swine Flu: Are Mexicans Being Singled Out? | 5/4/2009 | See Source »

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