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...businesses see a need for their own iPhone app. Iris Rakovitzky, a manager at Hummus Place in New York City, says customers who can already access websites won't want an app for each restaurant or business they frequent. Rather than apps catering to existing customers, Rakovitzky says, the more useful apps may be those that aggregate and filter area restaurants or businesses, introducing them to new consumers who are nearby. And though Apple sold more than 5 million iPhones in the second quarter of 2009, 4 out of 5 Americans still don't have a smartphone. Apps aren...

Author: /time Magazine | Title: New Ways to Create iPhone Apps on the Cheap | 8/18/2009 | See Source »

Desperate times in one especially hard-hit Tennessee county stirred Governor Phil Bredesen to get creative. As first reported in the New York Times, the result is a "novel use of stimulus money." In remote, tiny Perry County, where the unemployment rate had soared to 27% with the closure of an auto-parts factory, Bredesen decided a New Deal-style WPA program was the order of the day. Some of the jobs are with the state parks and transportation department, but two-thirds of them are new jobs in private sector businesses - including a pie company, a hotel...

Author: /time Magazine | Title: The U.S. Economy: Time for a Real Jobs Stimulus? | 8/18/2009 | See Source »

...Fairfield Greenwich, a tony hedge fund that funneled more than $7 billion into Madoff's pockets, and J. Ezra Merkin, a major-league Manhattan investor who received a staggering $470 million in fees from Madoff. Merkin vacuumed up $2.4 billion from a veritable Who's Who of Jewish New York, including Holocaust survivor and Nobel Prize winner Elie Wiesel and Yeshiva University. "You were nothing more than a glorified mailbox," one of Merkin's investors fumed...

Author: /time Magazine | Title: Bernie Madoff — Publisher's Best Friend? | 8/17/2009 | See Source »

...headlines and news coverage coming out of the Aug. 16 shows may have seemed to mark a major turn in the debate over health-care reform. "White House Backs Away From Public Health Care Option," cried Politico.com. The New York Times led its story with a declaration that the Administration had "sent signals" that it was moving away from "its once-firm vision of a government organization to provide for the nation's 50 million uninsured and was now open to using nonprofit cooperatives instead." And the Drudge Report, predictably enough, was running a big photo of a white flag...

Author: /time Magazine | Title: Health-Care Reform: Obama Finesses the Public Plan | 8/17/2009 | See Source »

...twice now about whether a person is reliable or not." Janakiraman briefly considered moving back to India to look for a good match, but he's been lucky so far, at least in the professional department. He received his green card recently and is considering a move to New York...

Author: /time Magazine | Title: In India, the NRI Groom Goes Out of Style | 8/17/2009 | See Source »

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