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The part of the GM request for money that is very clear is that, in exchange for $16.6 billion, the company will fire 47,000 people. It may be the only example in U.S. history where the government will pay to put tens of thousands of its own citizens out...

Author: /time Magazine | Title: GM Bailout: Billions to Put People Out of Work | 2/18/2009 | See Source »

A consortium of government organizations including NASA, NORAD and even the FCC keeps track of all the planet's high-flying rubbish, and so far, its running count is flat-out scary. There are currently at least 17,000 objects measuring 4 in. or greater circling the Earth - and in...

Author: /time Magazine | Title: How Much Is Too Much Space Junk? | 2/13/2009 | See Source »

The plaintive "Voices from the Rubble" are clearly symptomatic of denial by the Gaza residents of their own culpability for civilian deaths. Gazans elected Hamas and enthusiastically supported and lauded the relentless bombardment of traumatized and beleaguered Israeli civilians by tens of thousands of deliberately targeted rockets and mortars. It...

Author: /time Magazine | Title: Inbox | 2/12/2009 | See Source »

In no country is the effort to save jobs more widespread than in China. The government recently estimated that 20 million migrant workers have lost their jobs as the global slowdown forces tens of thousands of factories to close. The response has been a government-led effort to prevent even...

Author: /time Magazine | Title: Asian Corps, Govs Scramble to Save Jobs | 2/11/2009 | See Source »

Even if they can work together, Tsvangirai and Mugabe must revive an economy - and a country - in a coma. Unemployment is near universal. The currency is worthless and all but abandoned. More than half the country needs food aid. Cholera has killed more than 3,000 and infected tens of...

Author: /time Magazine | Title: Does Zimbabwe's Unity Government Stand a Chance? | 2/11/2009 | See Source »

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