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Ever since, however, critics and supporters have slugged it out over the minimum wage: some say it destroys jobs by making it too expensive to keep workers. University of California professor David Neumark estimates that the July 24 hike will end up costing some 300,000 jobs for young adults and teens by making their employment prohibitively expensive for enterprises already facing rapidly eroding profit margins...

Author: /time Magazine | Title: The Minimum Wage | 7/24/2009 | See Source »

Bush, George W. • all the gory details of the end of a beautiful friendship between Dick Cheney and • falling rates of teen pregnancies and STDs were sharply reversed during White House years of, so maybe obsessively preaching abstinence at the expense of educating kids about contraception wasn't such a hot idea • 2006 embrace by was sidestepped by Bono, to the delight of then Senator Obama, who said, "Nice work with the hug dodge," a sentence that had probably never before been uttered in the history of humanity...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 7/24/2009 | See Source »

...lawyers who had sought the pardon had once worked in Bush's own counsel's office - exactly the kind of inside favoritism Bush despised. Bush, who had retreated to Camp David for a last family holiday, spent Christmas Eve fielding phone calls about the case. By day's end, he decided to kill the developer's pardon. The experience left him, aides say, even more wary of the process than he was before...

Author: /time Magazine | Title: Inside Bush and Cheney's Final Days | 7/24/2009 | See Source »

Berezovsky is looking for some $3.3 billion from Abramovich. His tangled skein of allegations centers on Sibneft, an energy concern acquired at the end of 1995 by Berezovsky and Abramovich during the privatization of the Russian energy sector, and Rusal, a company formed in 2000 when Abramovich merged his metals businesses with those of Oleg Deripaska, another prominent oligarch. Stakes in Rusal were also held by Berezovsky and a Georgian businessman, Arkady (Badri) Patarkatsishvili...

Author: /time Magazine | Title: Russian Oligarchs Seek English Justice | 7/24/2009 | See Source »

...they have no word for entrepreneur." That quote is probably apocryphal - which is a rather good thing for W. on more than just the linguistic score. French government officials this week reported that the number of new private businesses launched in June set an all-time record. By the end of 2009, they estimate, France will be about half a million new firms better off. In 2008, just 328,000 new firms were created...

Author: /time Magazine | Title: In France, a Government-Led Revolution in Entrepreneurship | 7/24/2009 | See Source »

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