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With Agriprocessors' future uncertain, so too are the prospects for farmers who are owed money for cattle and workers owed back wages. Postville's faltering small businesses have lost customers. The town, already facing over $300,000 in unpaid property-tax and utility bills, could be liable for millions more if Agriprocessors completely shuts down, because the town is responsible for paying the balance of a federal loan used to build a sewage-treatment lagoon for the meatpacker...

Author: /time Magazine | Title: Iowa: What Happens When a Town Implodes | 1/28/2009 | See Source »

...fashioned way: carefully selected and edited, and presented in a bespoke, art-directed paper package. But below that there will be a vast continuum of other options: quickie print-on-demand editions and electronic editions for digital devices, with a corresponding hierarchy of professional and amateur editorial selectiveness. (Unpaid amateur editors have already hit the world of fan fiction, where they're called beta readers.) The wide bottom of the pyramid will consist of a vast loamy layer of free, unedited, Web-only fiction, rated and ranked YouTube-style by the anonymous reading masses...

Author: /time Magazine | Title: Books Gone Wild: The Digital Age Reshapes Literature | 1/21/2009 | See Source »

What do you do when business is down? Tell your employees to take a vacation - an unpaid one. That's how Taiwanese companies are handling the tough economic times as they try to avoid layoffs and retain skilled workers...

Author: /time Magazine | Title: Forced Vacations for Taiwan Tech Workers | 1/20/2009 | See Source »

...third of Taiwanese companies are ordering employees to take unpaid leave as the global economic downturn worsens, according to a recent survey by Yes123, a Taiwanese employment website. Especially hard-hit is the Hsinchu Science and Industrial Park, Taiwan's version of Silicon Valley, where more than 90% of the world's notebook computers, motherboards and cable modems, to name a few leading products, are made. It's also where most U.S. companies turn to subcontract manufacturing of their high-tech goods. (See the worst business deals...

Author: /time Magazine | Title: Forced Vacations for Taiwan Tech Workers | 1/20/2009 | See Source »

...settles in, California isn't quite the Golden State anymore. School districts are expected to lose billions of dollars in financing for improvements and development, and health-care services for the elderly, infirm and poor will most likely deteriorate. State employees are facing payroll cuts, unpaid leaves and a hiring freeze. Money for firefighting in parched Southern California is drying up, as is financing for levees in flood-plagued northern environs of the state. And that's just for starters as California faces a budget deficit of more than $41 billion over the next 18 months. (See pictures...

Author: /time Magazine | Title: The Great California Fiscal Earthquake | 1/8/2009 | See Source »

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