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...second quarter in a row that Citi had announced a profit, after many critics said the company was done for. In a press release, Citigroup CEO Vikram Pandit triumphantly said, "Our financial results today reflect the incredibly dedicated efforts of all of our people around the world and their success in implementing our plan...

Author: /time Magazine | Title: Can Citi Ever Turn It Around? | 7/23/2009 | See Source »

...global economy moves out of recession and into recovery," says Dean Best, executive director of Just-Food, a U.K.-based news and information website for the global food industry. "Consequently, Barry Callebaut's industrial customers will be intrigued by this latest piece of innovation. But Vulcano's success will ultimately depend on whether these customers really believe this no-melt chocolate will tantalize the taste buds of chocolate lovers." (See nine kid foods to avoid...

Author: /time Magazine | Title: Sweet! Swiss Invent a No-Melt, Low-Cal Chocolate | 7/22/2009 | See Source »

Until recently, Spain was one of the European Union's great success stories. In 1992, Spain's per capita GDP was 70% of the E.U. average; by 2006 it was 90% of that of the 15 pre-2004 members. Growth helped cut unemployment, which had hovered near 20% for decades, to 8.3% in 2007, and drew hundreds of thousands of immigrants to a country that had, in the '50s and '60s, sent its own desperate citizens abroad. (Read: "Bitter Harvest in Spain's Olive Country...

Author: /time Magazine | Title: The Broken Hopes of a Spanish Generation | 7/20/2009 | See Source »

...budget cuts have led to enrollment caps at some community colleges. And if there aren't enough seats in classrooms, students can't get certificates or degrees, and skilled jobs remain unfilled. In short, as the Center for American Progress concluded in a February report, "America's future economic success may well depend on how we invest in two-year institutions...

Author: /time Magazine | Title: Can Community Colleges Save the U.S. Economy? | 7/20/2009 | See Source »

...community-college students to take intensive remedial courses if they aren't prepared to do college-level work. Begun in 2007 with the goal of getting at least half of the study's 1,000 participants to graduate from college in three years, it's showing initial signs of success. Other colleges are redoubling their retention efforts. And last fall, the Bill & Melinda Gates Foundation announced up to $500 million in grants, aiming to double college-completion rates by 2025. As Sara Goldrick-Rab, an assistant professor at the University of Wisconsin at Madison and co-author of the Brookings...

Author: /time Magazine | Title: Can Community Colleges Save the U.S. Economy? | 7/20/2009 | See Source »

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