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Dates: during 2000-2009
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Unemployment is going to be a problem even though many economists view the current economic crisis on the whole as a rough patch with a foreseeable end. Some optimistic forecasts show GDP growth slipping until sometime in the latter part of 2009, when it is expected to inch upward again. But even an uptick in broad economic indicators after next year is unlikely to ease unemployment. The high unemployment rates taking shape now are likely to hover near record levels for some time, because economic recoveries in recent decades have tended to go forward without generating many jobs...

Author: /time Magazine | Title: Unemployment: The Problem That May Linger | 10/27/2008 | See Source »

...billion industry hasn't been around long enough for other recessions to provide a guide as to how it will fare. (People got through the Great Depression just fine without Grand Theft Auto). But, as a bang-for-your-buck form of entertainment, gaming seems likely to maintain its upward trend. "It's cavalier for me to say games won't be impacted at all, but games won't be impacted at all," says Pachter. "Maybe it will dent growth a little...

Author: /time Magazine | Title: How Will Recession Affect the Entertainment Biz? | 10/24/2008 | See Source »

...though, might be borrowed from the Quakers, say, rather than the Catholic Church. At present, we offer occasional confessional attempts at self-correction—from Room 13 counseling to the Writing Center, and other very worthy resources—aimed at slowing an errant skid off our prescribed upward track...

Author: By James M. Larkin | Title: We’re Talking About Practice | 10/19/2008 | See Source »

...leading banana importer, sees the boom in sales as largely due to Morning Banana Diet - bananas don't normally sell well during summer, and this year's summer has been especially hot. Still, over the past 4 months, demand has driven Dole Japan to increase its banana imports by upward of 25%, and even then supplies could not keep pace with demand. "In a way this is an emergency," explains Ohtaki. "We've been importing bananas from the Philippines for the past 40 years, but this is the first time something like this happened to us, and we find...

Author: /time Magazine | Title: Japan Goes Bananas for a New Diet | 10/17/2008 | See Source »

...this year, according to Colliers International. Prices have skyrocketed, with new buyers from India, South Korea and even Central Asia driving up demand. At the Trisara residential complex, for instance, a sea-view, fully furnished two-bedroom villa managed by the boutique hotel of the same name goes for upward of $4 million for a 120-year lease. A first phase of 18 villas perched over a secluded bay has already sold out, with one three-bedroom property having changed hands four times, its sale price more than tripling to $10 million earlier this year. "It's amazing...

Author: /time Magazine | Title: A Tale of Two Islands | 10/16/2008 | See Source »

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