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...subtext. The Great Recession has struck museums and performing-arts groups with a vengeance. No one expects the Federal Government to bail them out. But the people who run these organizations--and the people who care about them--were eager to see in the First Lady's appearances a sign that the White House knows just how bad things have gotten for them...

Author: /time Magazine | Title: Culture Crunch: The Recession and the Arts | 6/8/2009 | See Source »

Americans relied less on borrowed money in April than they did in March-a sign that the pullback on debt-fueled spending continued into the spring. New data from the Federal Reserve shows that outstanding consumer credit which includes credit cards, auto loans and tuition financing, but not mortgages, fell by $15.7 billion to $2.52 trillion, an annualized drop of 7.4%. That marks the second-largest dollar drop on record, following March's $16.6 billion decline...

Author: /time Magazine | Title: Consumer Borrowing Is Down, But For How Long? | 6/6/2009 | See Source »

That's to say, before you run out to start an import-export business, take a look at some other numbers in the shipping world that are far less robust. Shipping by container, typically finished goods, remains troublingly cheap, a sign that consumer products are still not flowing between continents. The price for a 20-foot equivalent unit (TEU) container on an East Asia-to-Europe voyage is reportedly currently maxing out at a paltry $500. Though the pace of the drop in rates has slowed, there are signs that charter prices have still not bottomed out, having dipped below...

Author: /time Magazine | Title: The Least Known Key Economic Indicator | 6/5/2009 | See Source »

...751h netbook, which features an 11.6-in. screen and a standard-sized keyboard. Campbell Kan, Acer's VP of Mobile Computing, says the device, which debuted in April, is selling particularly well in Europe, where telecommunications companies are selling the Aspire One for one euro to customers who sign two-year contracts for 3G service. "We can't deliver enough to meet demand," Kan says. (See 3 netbooks worth owning...

Author: /time Magazine | Title: New Netbooks Debut at Taiwan Computer Show | 6/5/2009 | See Source »

...determined insistence upon the ideals at the center of America's founding. This same story can be told by people from South Africa to South Asia; from Eastern Europe to Indonesia. It's a story with a simple truth: that violence is a dead end. It is a sign of neither courage nor power to shoot rockets at sleeping children, or to blow up old women on a bus. That is not how moral authority is claimed; that is how it is surrendered...

Author: /time Magazine | Title: Full Text: President Barack Obama's Speech to the Muslim World | 6/4/2009 | See Source »

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