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...most important warning sign that the economy is sliding again is when the media seeks out the pessimists among the bureau for famous analysts and financiers. Wilbur Ross and George Soros are getting too much air time. They rarely have good things to say about the future. They may be making bets in the market that key economic measurements will deteriorate so their motives are suspect. But, they are probably right anyway. Billionaires have proven track records for prescience. Once they begin to circle, it is almost certain that something is about...

Author: /time Magazine | Title: The Lost Decade May Only Last Three Months | 4/9/2009 | See Source »

...just one sign that long before there was an immigration crisis in St. Helens, there was a globalization crisis. "This is a timber town that never came out of the recession in the 1980s," says Marcy Westerling, a longtime resident and pro-immigrant activist. Blessed by an abundance of Douglas fir and hemlock, the town once hummed with pulp plants, stud mills and palletmakers. A few decades ago, though, the mighty Columbia began delivering logs from Canada, then ready-made office paper from Asia. The financial swoon of 2008 was just a final insult to what remained of the town...

Author: /time Magazine | Title: Despite Backlash, Illegal Immigrants Stay Put | 4/9/2009 | See Source »

...Morabito, it was work, a job that he did for nearly two more decades before retiring in 1982. Rocco, as he preferred to be called, returned to his job in 1988 for one final assignment: to photograph the removal of the Journal's sign from its offices when the paper closed for good. No photo award this time, but it did make the front page...

Author: /time Magazine | Title: Rocco Morabito | 4/9/2009 | See Source »

...advocates claim Intellipedia is not just a sign of change at the agency, but that it is also producing results. The first time chlorine was used in an improvised explosive device in Iraq, someone created a wiki page asking what intelligence officers and others in the field should do to collect evidence of the usage. "Twenty-three people at 18 or 19 locations around the world chimed in on this thing, and we got a perfectly serviceable set of instructions in two days," says Tom Fingar, who headed the National Intelligence Council from 2005 to 2008. "Nobody called a meeting...

Author: /time Magazine | Title: Wikipedia for Spies: The CIA Discovers Web 2.0 | 4/8/2009 | See Source »

...couples arriving at the White House with their children ready for the Easter Egg Roll on April 13 should be easy enough to spot. They'll be the ones wearing enormous smiles - and not just because the Obama Administration has put out an inclusive welcome sign for the annual romp on the South Lawn. The couples will likely still be celebrating the past week's major victories in the war over marriage rights...

Author: /time Magazine | Title: Despite Wins for Gay Marriage, Obstacles Remain | 4/8/2009 | See Source »

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