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...next big wave of layoffs will begin in the retail industry where there is still too much store capacity to be supported by a moribund consumer. GM has already signaled its intention to cut additional employees and, based on the rate of the drop in its sales, Chrysler will be forced to eviscerate its employment base further...

Author: /time Magazine | Title: A Double Dip Layoff Economy | 2/9/2009 | See Source »

...Suleman was already a mom, six times over. So the first wave of anger was aimed at her doctor, for implanting so many embryos in a woman who was already anything but childless. She says she used the same doctor, but in an interview Sunday with RadarOnline.com, Suleman's mother Angela, a retired teacher, said she and her husband pleaded with Nadya's doctor not to help her get pregnant again - so Nadya went and found a new one, who implanted six more embryos (two split and became twins). The California Medical Board is reportly investigating whether there...

Author: /time Magazine | Title: Calling a Truce on the Octuplets Mom | 2/9/2009 | See Source »

...next wave of anger hit her, as though she should have been content with her first one or two or three miracle babies rather than going on to mass-manufacture them. Maybe this is why she is vilified for having 14 children, while the Duggars, members of an Evangelical movement called Quiverful that views children as God's special blessing, are celebrated for having 18 the old-fashioned...

Author: /time Magazine | Title: Calling a Truce on the Octuplets Mom | 2/9/2009 | See Source »

...dollar bonuses, corporate retreats, and profligate spending in corporations either receiving or courting federal bailout money. Then it was confirmed that Wall Street employees had received $18.4 billion in bonuses for 2008, in spite of dismal performance for banks as a whole. Meanwhile, the Obama administration, riding on a wave of high ethical expectations, has faced embarrassing criticism for political appointees accused of tax evasion and misuse of corporate privileges. Between declining consumer confidence and flagging expectations, it was a prime moment for the Obama administration to demonstrate a proactive, ethically driven engagement with the so-called...

Author: By The Crimson Staff | Title: CapEx | 2/8/2009 | See Source »

...only gives cities their shape; it also molds their self-image. Since 1941, when London emerged from eight months of bombing with many of its landmarks pulverized but its resilience intact, the British capital has regarded itself as indomitable. But at 9 a.m. on a wintry Monday, a shock wave cracked that image, much as a V-2 rocket hitting a house would damage neighboring properties. Londoners learned that the city's entire fleet of buses had been recalled to its depots, defeated not by bombs - the service had run quixotically but without interruption throughout the Blitz - but by snow...

Author: /time Magazine | Title: The Moment: London | 2/5/2009 | See Source »

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