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There are certainly other factors at play here besides just a tough job market - more stay-at-home dads, more rich loafers, more prison inmates. But it also may be a sign that these are in fact the worst times for American workers since the 1930s. Which helps explain why there was so little excitement about that drop in the unemployment rate...

Author: /time Magazine | Title: The Real Jobless Rate | 12/21/2009 | See Source »

...deeper meaning to his popularity: During hard economic times, they say, why not celebrate a poor boy who robs from the island vacation homes of Seattle's dotcom gazillionaires? But Harris-Moore apparently steals just as often from Camano's ordinary folk as he does from the rich. (See the top 10 Facebook stories...

Author: /time Magazine | Title: America's Most Wanted Teenage Bandit | 12/21/2009 | See Source »

...weeks this autumn, there were hopes that the long-running civil war in the Niger Delta in southeastern Nigeria might finally be coming to an end. President Umaru Mousa Yar'Adua announced an amnesty deal for rebels and promised billions of dollars of investment in the poor but oil-rich delta, a 10% stake for the local population in the region's oil ventures and a small monthly stipend and re-training for ex-fighters. In return, thousands of militants declared a ceasefire and handed in their weapons, while their leaders initiated talks with the government on an eventual peace...

Author: /time Magazine | Title: In Nigeria, an Ailing President and Peace Process | 12/21/2009 | See Source »

Nigeria matters. As oil-rich nations from Russia to Venezuela to Iran become ever more nationalistic and tighten their supplies of fuel, more high-quality oil discoveries are being made off West Africa's coast, giving the world a (usually) reliable new source of oil. The U.S. already imports 16% of its oil from Africa, according to the U.S.-based Energy Information Administration, and wants to raise that to 25% in the future. Nigeria holds by far the biggest reserves in Africa and supplies 8 to 10% of all U.S. oil imports, according to the EIA. But in recent years...

Author: /time Magazine | Title: In Nigeria, an Ailing President and Peace Process | 12/21/2009 | See Source »

Lawyers here cautioned that judges rule according to law, not public opinion, and stressed the correct legal procedures have been followed to the letter, albeit slowly. But that tortuous process has irritated many Brazilians and not just because they feel there is one law for the rich and another for the poor. Many see the Goldman ordeal as a glaring showcase of how molasses-like Brazilian justice operates - of how justice often denied because it's so inexcusably delayed. Moreover, in a nation where family is all important, people have been critical of the spectacle of people fighting so blatantly...

Author: /time Magazine | Title: The Battle for Sean Goldman: The View from Brazil | 12/19/2009 | See Source »

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