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...reached this level of prominence with 55 paid staffers, including Huffington. Twenty-eight of them are editorial, compared with more than 1,000 at the New York Times. Open the site on any given day and you will be greeted with copy from the Associated Press, contributions from unpaid writers, stories whose legwork was done by other news outlets and a smattering of entries from the site's five reporters. In terms of traditional newspaper content, that's about the level of a solid small-town daily...

Author: /time Magazine | Title: Arianna Huffington: The Web's New Oracle | 3/19/2009 | See Source »

...budget cuts will be less drastic for offices within Harvard, such as OCS. Currently, six OCS staffers would be devoted to counseling undergraduate students on an individual basis in July, among other duties. These employees—and additional OCS staffers—may be expected to take extended unpaid vacations in July, while OCS is in “sleep mode,” according to Mount. In past years, OCS employees have tended to take their vacations during July, in part because they are in high demand during the academic year, the interim director said. But Mount also...

Author: By Bita M. Assad and Ahmed N. Mabruk, CRIMSON STAFF WRITERSS | Title: OCS May Cut July Advising | 3/16/2009 | See Source »

...would buy more TVs, computers and cars forever. Those expectations have been dashed, leaving the tigers with excess manufacturing capacity and a burgeoning army of unemployed workers. At Taiwan's Hsinchu Science and Industrial Park, home to many of the island's flagship tech firms, most workers are taking unpaid leave at least one day a week. Ryan Wu, chief operating officer of the job-search website 1111 Job Bank, says conditions at Hsinchu have never been so dire. "There's extreme panic right now," Wu says...

Author: /time Magazine | Title: The Tiger Trap | 3/12/2009 | See Source »

...like this, he said: his pension pays him a little more than $50,000 before taxes, out of which he pays about $800 a month for medical insurance. That leaves some $2,400 a month, he said, for his mortgage and other expenses. He has about $15,000 in unpaid medical bills and a similar amount in missed house payments. He has no significant assets; his home equity is gone. Houses comparable to his in more desirable neighborhoods are selling for less than the amount he owes to the Bank of New York Mellon. As the saying goes, Zachery...

Author: /time Magazine | Title: House of Cards: The Faces Behind Foreclosures | 2/27/2009 | See Source »

...Even at cut-rate prices, there will still be fewer chickens to fry. At the Hsinchu Science and Industrial Park, home to many of Taiwan's flagship technology companies, more than three out of four workers are currently taking unpaid leave at least one day a week. Ryan Wu, chief operating officer of job-search website 1111 Job Bank, says that conditions at Hsinchu have never been so dire in the park's 29-year history. Wu says that two years ago, the companies that job hunters most often sought out using his service were microchip makers and electronics manufacturers...

Author: /time Magazine | Title: Losing Traction | 2/26/2009 | See Source »

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