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...year. That news was followed quickly by unexpectedly poor numbers from the Conference Board which said that its index of leading economic indicators fell .3% in March. The Board was probably reluctant to say what it had to, which is that the index is designed to forecast economic activity six to nine months ahead. That news crumpled the hopes of many that the fourth quarter could be the period when the water of the recession would begin to recede...

Author: /time Magazine | Title: Who Stole the Recovery? | 4/21/2009 | See Source »

...well as a minimum net worth of $2 million). Those prospective readers are so psyched about the wealth-management advice they get in their free bimonthly that they tell their rich but less-favorably-zip-coded friends, who then plunk down the $20 at a newsstand. "If there's six degrees of separation between all of us, there's about one degree of separation between high-net-worth individuals," says Williams. "We think the news will spread pretty fast...

Author: /time Magazine | Title: The $20 Magazine: Worth's Odd Recession Strategy | 4/21/2009 | See Source »

...Turgeau, killing the minister, his chauffeur and two bodyguards. The U.S. then sought, and got, Security Council approval to impose what would amount to a blockade of Haiti. It would not use the word, which Clinton noted historically describes an act of war. But on Friday the President dispatched six warships to stop and search vessels headed for Haiti. He also ordered a reinforced rifle company of perhaps 600 Marines to proceed from Camp Lejeune, North Carolina, to the U.S. naval base at Guantanamo Bay in Cuba, and there to go on alert, ready to fly to Haiti to help...

Author: /time Magazine | Title: In and Out with the Tide | 4/21/2009 | See Source »

...Ironically, events in Somalia last week went quite well from the official U.S. viewpoint. True, it was grating to watch warlord Mohammed Farrah Aidid, whom American soldiers had died trying to capture, hold a press conference with six reporters. Looking dapper in a blue pinstripe shirt and red polka-dot tie and sporting a gold-tipped cane, Aidid congratulated the U.S. on having ''decided to address its past mistakes'' -- meaning its attempts to take him prisoner. The whole point of the U.S. policy shift, however, was to call off the hunt for Aidid, which was widely blamed for converting what...

Author: /time Magazine | Title: In and Out with the Tide | 4/21/2009 | See Source »

...period. On each day, there could only be two "sessions," in which the detainee was strapped to an inclined bench, a cloth placed over his nose and mouth, and water poured over the cloth - to induce a sense of drowning. In each "session," there could be no more than six applications of water to the cloth lasting 10 seconds or longer. No session was to exceed 40 seconds. (See pictures of the aftermath of Abu Ghraib revelations...

Author: /time Magazine | Title: How Waterboarding Got Out of Control | 4/20/2009 | See Source »

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