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...speech full of criticism for President Barack Obama's stimulus plan, Louisiana Governor Bobby Jindal singled out one program for particular scorn. "Instead of monitoring volcanoes, what Congress should be monitoring is the eruption of spending in Washington," Jindal said, deriding the $140 million appropriated to the U.S. Geological Survey (USGS) for "something called volcano-monitoring" as one of the most egregious bits of pork to lard up the $787 billion stimulus package. But to those who live under the looming threat of flowing lava, it was a poor punch line. "Does the governor have a volcano in his backyard...

Author: /time Magazine | Title: What Do Volcano Monitors Do? | 2/27/2009 | See Source »

...Rand once said there is no such thing as a selfless act, and it turns out that this phenomenon is no exception. My own highly scientific, super official survey showed that a number of people abstaining from liquor were doing it to cut calories and get in shape for spring. Move over Beyoncé, Jesus has the newest diet trend to sweep the campus...

Author: By Charleton A. Lamb | Title: Trend Alert: No Alcohol for Lent | 2/27/2009 | See Source »

...family of four), it does not define what it means to be middle class. The U.S. Census Bureau says the median income in the U.S. is about $51,000 a year, but how far does the "middle" stretch? According to a 2008 Pew Research Center survey, half of Americans self-identify as middle class. (See pictures of Americans at home...

Author: /time Magazine | Title: The Middle Class | 2/27/2009 | See Source »

...swing an election because - duh - there are so many of them. They went for Bush in 2004 and Obama in 2008. When Ronald Reagan asked Americans in 1980, "Are you better off than you were four years ago?" he was speaking to the middle class. A 1979 public-opinion survey found a rising number of middle-class Americans felt that their lives were getting worse, and it was with those people that his words resonated. In 1997, in the middle of the dot-com bubble but before Monica Lewinsky, middle-class optimism hit a record high - 57% felt they were...

Author: /time Magazine | Title: The Middle Class | 2/27/2009 | See Source »

...Except, that is, in China. Some economists and investors have turned mildly bullish on the Chinese economy. A February survey conducted by Merrill Lynch saw the number of fund managers who believed China's growth would be lower in the next 12 months shrink drastically. Jing Ulrich, chairman of China securities at JPMorgan in Hong Kong, noted after client meetings that "attitudes toward China's efforts to counter the economic slump seem to have turned more positive." The happy mood also showed up in Chinese stocks. By mid-February, the Shanghai stock market had surged more than 30% since...

Author: /time Magazine | Title: China's Economy: Rare Signs of Optimism | 2/27/2009 | See Source »

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