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...always thus. "One reads with dismay of Presidents Hoover and then Roosevelt designing policies to combat the Great Depression of the 1930s on the basis of such sketchy data as stock price indices, freight car loadings, and incomplete indices of industrial production," writes the University of North Carolina's Richard Froyen in his macroeconomics textbook...

Author: /time Magazine | Title: When Economic Indicators Aren't Worth That Much | 2/1/2010 | See Source »

...says Gus Speth, particularly at a time when environment sustainability is on many people's minds. He observes: "You tend to get what you measure, so we'd better measure what we want." In other words, to a certain extent we are what we count. (See pictures of the stock market crash...

Author: /time Magazine | Title: Is GDP An Obsolete Measure of Progress? | 1/30/2010 | See Source »

...tales are fleeting. Athletes often come out of nowhere, give you a surprising season or two, then take their rightful place back in obscurity. Just three years after his second MVP award, Warner was steaming down this path, and people barely blanched. "Of course," they said to themselves, "a stock boy could never be Brett Favre." Warner started throwing atrocious interceptions, developed a chronic fumbling problem, suffered a bad concussion. Warner was already in his early 30s, that's octogenarian in quarterback years. The Rams dumped him; he signed with the New York Giants in 2004, only to be replaced...

Author: /time Magazine | Title: Kurt Warner Retires: The Greatest Showman on Turf | 1/30/2010 | See Source »

...headwinds from high unemployment, the battered housing sector and frozen credit markets. "We're well into a jobless recovery, credit lines have been cut, and consumers can no longer use their houses as ATMs," he says. Nevertheless, Canally says, consumers are benefiting from last year's rebound in the stock market and higher consumer savings rate, which makes them stronger financially. "Consumers are feeling a lot better today than they did 12 months ago," he says. (See pictures of retailers that have gone out of business...

Author: /time Magazine | Title: Retail Outlook: More Bargain-Seeking Shoppers | 1/28/2010 | See Source »

Americans deserve better. Proposals such as bank taxes and punitive legislation are gimmicks. Banks will simply pass that tax on to their customers. While the stock market plummets with announcements involving banking regulations, in the end so will lending. And unemployment goes unmentioned. Constitutional checks and balances are up for grabs when the president promises a “forceful response” to rulings issued by the Supreme Court of the United States on campaign finance restrictions. There are three branches of government, not one. Presently, the executive branch is being ruled by a demigod who wants control...

Author: By Kimberly N. Meyer | Title: The Audacity of the Voters | 1/27/2010 | See Source »

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