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...economic activity spread across the economy, lasting more than a few months." That's the semiofficial definition of a recession, courtesy of the National Bureau of Economic Research, a private think tank that since 1929 has determined the start and end dates of U.S. downturns. A clearer but clunkier standard is two straight quarters of declining gross domestic product. Or there's Harry Truman's classic definition: "It's a recession when your neighbor loses his job; it's a depression when you lose yours...

Author: /time Magazine | Title: The Rites of Recession | 1/17/2008 | See Source »

Which current directors do you admire? -Abigail Hoover, St. Paul, Minn.Usually they are younger directors who are fighting to get good films made-not standard, formulaic Hollywood venal projects. I like [Paul Thomas Anderson] who did There Will Be Blood. I liked him from his earlier movies. I like the films I've seen of Alexander Payne...

Author: /time Magazine | Title: 10 Questions for Woody Allen | 1/17/2008 | See Source »

...would require patients to send in blood or saliva samples to be screened for the variants identified in the study - would complement established methods. "We're devoted to improving the situation," says Xu, estimating that his test would cost a few hundred dollars, and could eventually be included in standard health care. "We want to make this very affordable...

Author: /time Magazine | Title: Genes Increase Prostate Cancer Risk | 1/16/2008 | See Source »

...corn that currently goes to make most biofuel in the U.S., but it does have vast acreage that could be used to raise waste crops for cellulosic ethanol in the future, or biodiesel today. Schweitzer points out that his administration was able to pass a renewable energy portfolio standard, mandating that 15% of the state's power come from alternative sources by 2015. That's exactly the sort of standard - intended to speed the development of renewable power - that Congress wasn't able to keep in the new energy bill, passed last month. (The renewable portfolio was stripped...

Author: /time Magazine | Title: What Washington Can Learn from Montana | 1/14/2008 | See Source »

...Maybe Clinton has been forced to appear robotic and calculated because of the old double standard: Were she to show emotion the same way her husband did (cue lip bite, squint, statement of empathy), voters would discount her as too weak to be president...

Author: By Jarret A. Zafran | Title: She's Not a Robot! | 1/11/2008 | See Source »

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