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...lengthy productivity slump beginning in the early 1970s that created concern among economists such as Krugman. Low productivity growth explained much of what had gone wrong with the U.S. economy: stagnant wages, high inflation, ground lost to Japan. But what caused it? The most convincing explanation came from Northwestern University's Robert J. Gordon. In the early and mid-20th century, he argued, the U.S. benefited from a spectacular confluence of technological innovation involving electricity, the internal combustion engine, petrochemicals and communications. By the 1970s the economic impact of innovation in these fields had waned, and nothing came along...

Author: /time Magazine | Title: The Economy Really Is Fundamentally Strong | 10/16/2008 | See Source »

...you’ve been disappointed with the New England autumn’s rainy days and glum weather, you’ve probably just been focusing of the wrong things. FM has scoured the region for the perfect fall experiences that will make you appreciate New England before the first snowstorm: Blue Hills Reservation Located off of I-93 and accessible through the Commuter Rail, the Blue Hills Reservation is the most convenient place for an October foliage hike. From the summit hikers can see 7,000 acres of trails and trees combined with a splendid view of Boston...

Author: By Mark J. Chiusano, CONTRIBUTING WRITER | Title: A Cheap Date: Dead, Falling Leaves | 10/15/2008 | See Source »

...surprisingly, Klein and the city's Department of Education have not backed down. General Counsel Michael Best contends the policy doesn't violate any constitutional right and that it is the educators wearing campaign buttons who are in the wrong. "Schools are not for politics, they're for education," Best says. "Teachers can espouse any political view they want outside school hours, but they can't use school as a vehicle to do so." Both sides expect a judge to rule on the matter by week...

Author: /time Magazine | Title: Classroom Politics: Should Teachers Endorse a Candidate? | 10/15/2008 | See Source »

...that Feeney's relationship with Abramoff-which Feeney maintains doesn't go beyond that one trip-is symbolic of the culture of corruption in the nation's capital. "I think this issue is an example of him being what I refer to as a poster boy of what's wrong in Washington, where it's a focus on things that have much more to do with politics, power and cronyism than it is on really taking a hard look at what's important to the people that he's been sent to Washington to represent...

Author: /time Magazine | Title: A Florida Republican Tries to Survive Abramoff | 10/15/2008 | See Source »

This is the first election in our lifetimes, and maybe ever, when almost 9 out of 10 people think the country is going in the wrong direction. We have bridges falling into our rivers and children dropping out of our schools and an abiding sense that the American Century that let us shine as a beacon to the world is giving way to one in which we can't afford the electric bills. And yet the historians sitting around the table are more comfortable with ambiguity than is a voter heading into the booth. Even in crisis, they say, there...

Author: /time Magazine | Title: The Temperament Factor: Who's Best Suited to the Job? | 10/15/2008 | See Source »

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