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...from the government into the financial and credit system will not arrive until the second half of the year, unemployment may well be over 9% before aid can support job creation. The retail industry is bleeding jobs. Circuit City has just liquidated, leaving 30,000 people out of work. Unless these newly and soon-to-be unemployed have special skills that will allow them to work in areas other than retail, the economy has no place to employ them...

Author: /time Magazine | Title: The Economy: A Portrait Of The 2012 Inauguration | 1/20/2009 | See Source »

...arcing out of Gaza. Hamas' Gaza leader Ismail Haniyeh claimed a "popular victory" over Israel. Up until the last minute before Israel declared its cease-fire, Hamas was firing rockets. Five hit the ports of Ashkelon and Ashdod as well as the inland towns of Beersheba and Sderot. And unless Hamas is obliged by Egypt and other Arab states to sign a truce with Israel, rather than following Israel's example of declaring its own, it may be only days or weeks before the Islamists or any of the myriad militant groups in Gaza decide to take revenge...

Author: /time Magazine | Title: Will the Gaza Cease-Fire Last? | 1/18/2009 | See Source »

...JPMorgan Securities in Tokyo. "More importantly, you could argue that it's too risky to hold the stocks." Kanno says people have lost a sense of what's fair value for financial assets, including stocks and other risky assets; they prefer time deposits, risk-free investments and cash. "Unless investors can have a positive outlook on corporate profits, there is no hope that stock prices will go up," Kanno says...

Author: /time Magazine | Title: Japan's Stock Market Waits on a US Recovery | 1/16/2009 | See Source »

...sports, this is not even a matter of genuine talent breaking down the floodgates. Plenty of white or white-sounding actors could say "THIS [pause] is CNN" as well as Jones. Most people who have heard that phrase a hundred times don't know whose voice it is and - unless the question is raised specifically - they aren't even consciously aware that the person is black. They relate to the voice on a subconscious level, and they associate it with power and authority...

Author: /time Magazine | Title: Barack Obama and the Voice of God | 1/15/2009 | See Source »

...ready transportation projects that are dramatically skewed toward out-of-the-way sprawl roads. Missouri's list was all roads, none of them in St. Louis. Obama has vowed to reject earmarks, but if Congress simply passes cash to the states according to the usual formulas - and it will unless Obama intervenes - America is in for yet another festival of asphalt. There is even talk of waiving the regular cost-sharing requirements for local and state governments, an excellent way to make sure they green-light oinkers they would never pay for themselves. (See the top 10 financial-crisis buzzwords...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

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