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...auto-industry bailout, not to mention every gasp from the housing market. And then there's the elephant in the room: the downward spiral of economic activity, including last week's chilling November employment report, which showed 533,000 more people out of work - "one of the worst ever," according to Morgan Stanley economist Ted Wieseman. As the various industry bailouts - banks, auto companies, credit unions and, next, states - seek to reassure investors, collectively they confirm just how bad things...

Author: /time Magazine | Title: Stocks Say Recession, but Bonds Say Depression | 12/11/2008 | See Source »

...compromise package. Democrats, scrambling late Wednesday to find a way to get a bill passed, were also considering allowing votes on amendments. "We're trying to see if there's any flexibility out there," a top Democratic aide said of the search to scrounge enough votes. (See the 50 worst cars of all time...

Author: /time Magazine | Title: Another Bailout Blowout? Why the Auto Deal May Crash | 12/11/2008 | See Source »

...worst cars of all time...

Author: /time Magazine | Title: Another Bailout Blowout? Why the Auto Deal May Crash | 12/11/2008 | See Source »

...This was hardly the worst fate for an artist of the time, of course. During the Cultural Revolution academies were shut and aspiring artists were sent to the countryside while lesser talents, with better party credentials, were given high-profile assignments. Established painters often saw their work destroyed or were themselves subjected to "struggle sessions" of abuse and public humiliation...

Author: /time Magazine | Title: Seeing Red | 12/11/2008 | See Source »

...obvious reason: the abysmal record of the Bush Administration. With George W. Bush gone, Republicans will return, after a period of reflection, as a viable force in the U.S. In the meantime, Barack Obama has a great deal of work to do to repair the damage done by our worst President. Bill Gottdenker, Mountainside...

Author: /time Magazine | Title: Inbox | 12/11/2008 | See Source »

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