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...Armstrong's website, Dooce.com, might very well be the most popular personal blog on the Internet. Dooce began in 2001 and rose to infamy after Armstrong became one of the first bloggers fired for writing about her employer on the Internet. But now that she is a self-employed, stay-at-home mother, most of her entries are about her family. In 2004 Armstrong gave birth to her first child, a daughter named Leta, and she used her blog to chronicle her pregnancy, postpartum depression, and all the little things that no one bothers to tell new mothers until...
...factory-utilization rate is less than 60%. That's abysmal - the rate needs to be in the 80s for the company to be successful - and it's one reason GM is hemorrhaging cash. "We don't believe the rest of '09 will be strong. We are going to stay soft through the rest of the year," says Lars Luedeman, director of analytics at Grant Thornton, which follows the industry. Dealer inventories are approaching a 100-day supply; 60 days is more typical...
...Observers warn of greater social traumas now facing migrant workers marooned at the foot of the global socio-economic ladder. Because the economic situation is even worse in their native countries, many decide to stay on in their adopted homes even though they have lost their jobs and their work visas are no longer valid. "They will settle to be illegal," says Manolo Abella, a Bangkok-based expert on regional migration for the International Labor Organization. "Migrants workers often tolerate all sorts of abuse and deprivation just to stay and earn a wage, to avoid being sent home." Recent cases...
...first place. Since the late 1990s, the U.S. has been spending far more than it has earned, sending huge sums of capital overseas, a dynamic measured as the current account deficit. This "giant pool of money," as the radio program This American Life described it, did not stay in low-spending surplus countries like China or oil-producing states. Instead, much of it came back to the U.S. in the form of cheap credit. "Like water seeking its level, saving flowed from where it was abundant to where it was deficient, with the result that the United States and some...
...hardly mentioned at all. But as former Treasury Secretary Hank Paulson said in November, it cannot be left untreated over the long term. "The pressure from global imbalances will simply build up again until it finds another outlet," he explained. (Read "The G-20 Summit: Obama Can Stay Home...