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...Rather than causing alarm, though, the rising deficit is viewed by policymakers and economists as a necessary evil to keep the economy afloat. "There is a real threat of a serious recession," says Robert Bixby, head of the Concord Coalition, an organization dedicated to eliminating deficits and shoring up the federal budget. "So it's appropriate in those circumstances to loosen fiscal policy, so long as it is done on a targeted and temporary basis...

Author: /time Magazine | Title: Spend, Baby, Spend: US Budget Deficit to Soar Again | 10/20/2008 | See Source »

...Fears of a serious economic decline or even recession in the U.S. and world-wide explain the deep losses markets experienced last week after initially reacting with euphoria to the rash of government efforts to prevent finance and banking systems from imploding. As the week closed out, the global outlook was simply confused, as European indices generally finished higher, the Dow slumped 1.4%, and Asia's national markets featured both gains and losses...

Author: /time Magazine | Title: Markets Cheer Calls to Overhaul Global Finance | 10/20/2008 | See Source »

...that to happen, however, we need serious government policy: smart subsidies for alternative energy and green building, retraining for green-collar jobs, more research money for clean tech - and hopefully a tax on carbon. Both Presidential candidates have gestured at this - though Sen. Barack Obama, who has pledged to spend $150 billion over 10 years on clean tech, is ready to do more...

Author: /time Magazine | Title: Saving the Working Class with Green-Collar Jobs | 10/20/2008 | See Source »

...acknowledges, however, that the days of the easy sell may be over. "People are more educated and calculated about their investments," Ahmed explains. "Now they are asking for a more detailed sales pitch. They want to know about the developer's track record." As it faces the most serious financial challenge in its history, Dubai Inc.'s reputation is now on the line...

Author: /time Magazine | Title: How Wall Street's Bust Threatens Dubai's Boom | 10/19/2008 | See Source »

...Eating disorders are certainly a serious concern. Anorexia has a fatality rate of five to 20 percent according to the National Eating Disorders Association, which is significantly higher than the suicide risk for depression , and it is particularly likely to occur among women of college age. But we have to treat this illness by educating students about risk factors and symptom detection in their peers, not by attempting to keep nutritional information out of sight...

Author: By Adam R. Gold | Title: Bring Back Nutrition Facts | 10/19/2008 | See Source »

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