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...People think that Americans are notorious consumers and will shift very quickly back to their old habits, but we're not so sure about that," says Eshelman. He speculates that because of the number of jobs that would need to be added each month, it will likely take five to 10 years for employment to return to 2007 levels. In December 2009, the country's seasonally adjusted employment was at 129.5 million, down 8.5 million jobs from its peak in December 2007. Even if 150,000 jobs were added every month, it would take five years to return...

Author: /time Magazine | Title: A Hopeful Economic Sign: February Retail Sales Jump | 3/12/2010 | See Source »

...seen a fundamental shift in human behavior - people living more within their means - and I think that's going to be a permanent shift," says Faucher. "The go-go attitude of borrowing against your house to buy a big-screen TV is largely going to be a thing of the past...

Author: /time Magazine | Title: A Hopeful Economic Sign: February Retail Sales Jump | 3/12/2010 | See Source »

However, Michael Niemira, chief economist at the International Council of Shopping Centers, is more bullish. He sees the February sales numbers as the beginning of a cyclical recovery. "I think the picture is overwhelmingly one of a retail recovery," he says. While he acknowledges that the sales increase is off weak 2009 numbers, he's nevertheless optimistic. "A broad retail recovery is in play," he contends. "There is a fair amount of pent-up demand ... and we're only seeing the beginning of that...

Author: /time Magazine | Title: A Hopeful Economic Sign: February Retail Sales Jump | 3/12/2010 | See Source »

...This finding gives us a strong inkling of what [A-beta] is doing and can provide us with some clues, not only about the origin of the disease, but also how to think about it therapeutically,” said Lee E. Goldstein, one of the study’s co-authors and a professor at the Boston University School of Medicine. “It’s likely that A-beta plays an important protective role in our health, in addition to being what was once considered a ‘bad peptide...

Author: By Shalini Pammal, CONTRIBUTING WRITER | Title: New Role Found For Disease Protein | 3/12/2010 | See Source »

...have heard about Teach For America, and a lot of people I think at the College are interested in joining,” said Alice Xiang ’13, who attended the event...

Author: By Sirui Li, CRIMSON STAFF WRITER | Title: Teach For American Founder Shares Passion | 3/12/2010 | See Source »

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