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Every December throughout my childhood, my father would rise from the couch on a Sunday afternoon and tell us that it was time to chop down the Christmas tree. But the Walsh men are not outdoorsmen; firmly suburban, we're at most screened-in-porch men. So by cutting down the yule tree, my dad meant climbing into the attic and bringing down the tinsel-covered bits of plastic and tubing, then assembling them into something resembling Tannenbaum form. Yes, though it shames me to say it now, we were a faux-fir family...

Author: /time Magazine | Title: O Christmas Tree | 11/26/2008 | See Source »

...world’s demand for biofuel can be attributed to several factors including the European Union’s alternative energy targets, American fear of dependence on the Middle East, and the rise in the price of fuel. As fuel prices skyrocketed up to $145 a barrel this summer, biofuel became an increasingly appealing and economically viable solution to our oil addiction. But we are really addicted to oil, and what little ethanol the U.S. produces domestically (made from surplus corn that we used to donate as food aid) has not been able to cut it. In order...

Author: By Megan A. Shutzer | Title: Only in America | 11/25/2008 | See Source »

Greenstein's center released a new study on Monday projecting a sharp rise in the number of people living below the poverty line, which is roughly $21,200 annually for a family of four, according to the Department of Health and Human Services. An estimated 36.5 million Americans currently live below the poverty line, but those numbers will probably increase by as many as 10.3 million if current projections for the depth and duration of the recession hold true. According to the center's analysis, the number of poor children will grow by as many as 3.3 million...

Author: /time Magazine | Title: Left Out of the Bailout: The Poor | 11/25/2008 | See Source »

Signs of the recession's impact on America's impoverished are increasingly apparent, Greenstein says, pointing to a dramatic rise in food-stamp caseloads in recent months. The number of people using food stamps has risen 9.6%, or roughly 2.6 million people, from August 2007 to August 2008, the last period for which data are available. Food banks around the country are reporting longer lines even as donations are falling...

Author: /time Magazine | Title: Left Out of the Bailout: The Poor | 11/25/2008 | See Source »

...historical comparison, the expected rise in the number of impoverished in this recession is relatively normal. During the recession years of the 1980s, the number of people in poverty rose by 9.2 million, an increase of more than a third. The recession of the 1990s was not quite as deep but still increased the number of people in poverty by 6.5 million. But those falling into poverty now face harder prospects and need more government help, Greenstein says, because many social safety nets have been cut away since past economic downturns. (See pictures of the recession...

Author: /time Magazine | Title: Left Out of the Bailout: The Poor | 11/25/2008 | See Source »

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