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That may sound promising, but the truth is, drumming up new jobs on short notice isn't exactly in the government's wheelhouse. In the long term, what the government does and doesn't do is incredibly important to the health of the labor market. Trade policy, corporate tax rates, the structure of health care - these things all have a real impact on economic growth. But Washington's tool kit doesn't work nearly as well in the short run. Right now companies aren't hiring for a very specific reason: there's not as much demand for their products...

Author: /time Magazine | Title: Can the Federal Government Really Create Jobs? | 12/8/2009 | See Source »

...polling group Rasmussen Reports found that 52% of Americans polled believe there remains significant disagreement within the scientific community over global warming, and that 84% of Americans believe it is at least somewhat likely that some scientists have falsified data to support their theories on global warming. Unfortunately, scientific truth matters less than public perception - a doubtful public is that much less likely to support tough caps on greenhouse-gas emissions...

Author: /time Magazine | Title: Has 'Climategate' Been Overblown? | 12/7/2009 | See Source »

...Still, for all the controversy surrounding the influx of Chinese money in Africa, Latin America and Asia, the truth is that the vast majority of Chinese working abroad aren't going to go home rich. Driving up to the Ramu mine site, I stopped the car at an incongruous sight: against a backdrop of rain forest, a lone Chinese man perched on a piece of cardboard overseeing a crew of local workers struggling in the sun to sheath a pipeline with insulation tape. There was a feudal tinge to the scene, but the life of Chen Ming, the Sichuan-born...

Author: /time Magazine | Title: The World of China Inc. | 12/7/2009 | See Source »

...renewal ... paying attention to [the ANC's] principles [but] talking about ... how we have to do things differently." A presidential adviser underlines the new tone. "The big difference today is that now we have a leadership that says, 'Guys - we've got big problems,'" he says. "Because the truth is, we can't afford another 15 years like this." (See pictures of Johannesburg's preparations for soccer's World...

Author: /time Magazine | Title: Could Zuma Be What South Africa Needs? | 12/7/2009 | See Source »

...deals that don't look like abject American defeats. It's a risky strategy, since there's no guarantee that the bigger sticks will work, and if they don't, pulling back will be even harder. But it's a gamble Obama may have to take. The harsh truth is that the U.S. is significantly weaker in the Middle East now than it was in 2002. For close to a decade, our adversaries have not only survived our efforts to destroy them; they've also realized that conflict with the U.S. has its advantages. Now Obama wants to call...

Author: /time Magazine | Title: Obama Shrinks the War on Terrorism | 12/7/2009 | See Source »

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