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...universities, K-12 schools and two-year community colleges get whacked, losing $2.4 billion in funding. And it remains unclear how prison costs can be contained. Schwarzenegger wants to privatize the prisons, but to do so, he will have to defeat the powerful prison-guard union. After years of stiffer sentences supported by politicians and voters, California's prison population has exploded to 170,000 inmates. Overcrowding is so severe that federal judges have ordered the state to reduce the prison population by 40,000 over the next two years. Health expenses for an aging prison population are the fastest...

Author: /time Magazine | Title: California Deficit: Arnold Has to Make 'Sophie's Choice' | 1/9/2010 | See Source »

...Avatar faces a quicker, stiffer challenge from the debuts of a big romantic comedy (It's Complicated, with Meryl Streep, Steve Martin and Alec Baldwin), a big action picture (Sherlock Holmes with Robert Downey Jr. as the martial-arts sleuth) and Alvin and the Chipmunks: The Squeakquel, plus the long-awaited wide release of Up in the Air. The competition of that imposing lineup suggests a cloudy forecast for Avatar, with or without snow...

Author: /time Magazine | Title: Snow Job for the Avatar Opening? | 12/21/2009 | See Source »

Amazon's hot digital reader will also face stiffer competition over the holidays. Barnes & Noble, for example, just unveiled its new entry into the market, the Nook. But Kindle sales are still strong. "Kindle has become the No. 1 best-selling item by both unit sales and dollars - not just in our electronics store but across all product categories on Amazon.com," Amazon founder and chief executive Jeff Bezos recently said. Amazon's profit soared 68%, to $199 million, for the quarter that ended Sept. 30. The book discounts could draw traffic to the site and tempt shoppers to pony...

Author: /time Magazine | Title: Walmart, Target, Amazon: Book Price War Heats Up | 10/27/2009 | See Source »

After opening the season with a strong 3-0 start, the Crimson dropped seven out of eight as conference play and stiffer competition presented itself. With Harvard’s next contest against Ivy League-leading Princeton (11-2, 4-0), a decisive victory couldn’t have come at a better moment...

Author: By Colin Whelehan, CONTRIBUTING WRITER | Title: Crimson Snaps Losing Streak With Win Over Cornell | 10/19/2009 | See Source »

...There's evidence that this dire scenario is uncomfortably possible. Although China's economy is growing relatively strongly, the government is so concerned about excess capacity that it recently banned investments in aluminum production and imposed stiffer conditions on new projects in the steel, coal and petrochemical sectors. Without such controls, "it will be hard to prevent vicious market competition and increase economic benefits, and this could result in facility closures, layoffs and increases in banks' bad assets," a government statement said...

Author: /time Magazine | Title: A Threat to Global Recovery: Too Many Factories | 10/6/2009 | See Source »

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