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...have been coping with the recession. The region's unemployment rate had risen only modestly, from 4.5% to 6.2%, between November 2007 and November 2008. Home sales had fallen slightly, but far less than the state's average. So news of Caterpillar's crisis landed with a painful thud in the city of roughly 113,000, which counts the company as its largest employer. Caterpillar hasn't disclosed how many of its displaced workers live in this region, but about one-quarter of its global workforce is based in Illinois, mostly around Peoria. As light snow fell late Tuesday afternoon...

Author: /time Magazine | Title: Caterpillar Layoffs: How They're Playing in Peoria | 1/29/2009 | See Source »

...parachute - a contraption resembling an oversized umbrella, which he had invented to help people escape burning buildings. On February 2, 1912, in much the same spirit, 35-year-old Frederick Law jumped off the Statue of Liberty's observation platform. He and his 100-pound parachute landed with a thud on Liberty Island's stone coping, a few yards from the water. A Russian man named Vladimir Ossovski performed a similar stunt a year later when he jumped from a bridge in Rouen, France into the river Seine. In 1975, a member of the CN Tower's construction crew parachuted...

Author: /time Magazine | Title: BASE Jumping | 10/17/2008 | See Source »

...Barack Obama has cited it as a role model. "The whole education world is watching right now," James Guthrie, a public-policy-and-education professor at Vanderbilt and NCPI's executive director, says of the high-profile contract negotiations. "If Denver founders, it will be with a giant thud...

Author: /time Magazine | Title: A Merit-Pay Standoff in Denver | 8/19/2008 | See Source »

...make lots of noise, and yell, and everyone contributes creative ideas,” Lauren E. Bray ’08 says. What is this dynamic mixture of noise, yelling, and creativity? None other than The Harvard Undergraduate Drummers (THUD), a percussion ensemble that performs on both standard percussion instruments and household items like trash cans and cups. Bray, who has been a member since her sophomore year, will be performing with THUD in Lowell Lecture Hall today. Bray says that her top priority is the audience. “With everything we do, we just think: Is that entertaining...

Author: NO WRITER ATTRIBUTED | Title: SPOTLIGHT: Lauren E. Bray '08 | 4/17/2008 | See Source »

Against the dull thud-boom of rocket hits and ascending plumes of black smoke, Baghdad's fortified Green Zone rumbled with running soldiers and intermittent cries of "duck and take cover!" The area, where the U.S. embassy compound is located, is taking the worst bombardment in almost nine months. The American-backed Arabic news network al-Hura reported 18 rocket hits in and around the Green Zone on Thursday alone. Since Sunday, dozens have rained down on the compound, which houses both government and diplomatic offices...

Author: /time Magazine | Title: Baghdad Trembles as Basra Bleeds | 3/27/2008 | See Source »

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