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...Goldman report suggests that over the next year, "lagging" sectors of the economy - like construction, manufacturing, financial services and retail - are likely to incur many of the coming losses. According to the Bureau of Labor Statistics, some of these sectors already have seen deep cuts of late. Reich says all industries that rely on discretionary spending are at risk, while regions where at-risk industries once thrived could be battered. Dwindling housing and construction markets could cripple the Sun Belt; hospitality-heavy regions like Florida could suffer from a lack of tourist spending; and auto-manufacturing states like Michigan should...

Author: /time Magazine | Title: Corporate Layoffs: The Worst is Yet to Come | 11/4/2008 | See Source »

...United Association of Plumbers and Pipefitters (UA) (which has endorsed Obama) don't keep statistics on how much members take home, or on industry earning standards. But a representative at the UA says that owners of plumbing businesses would likely take bigger hits in economic hard times because they incur the production costs of keeping a company running. Paul Abrams, a spokesman for Roto-Rooter, the nation's largest plumbing and drain service provider, says he has seen evidence of that. "We've had some people who owned businesses close up shop and come work for us," Abrams says...

Author: /time Magazine | Title: How Much Do Plumbers Really Make? | 10/17/2008 | See Source »

...meet at a bar in a far away city who (hopefully) tells you a story interesting and strange enough to fill your evening and make you drink more than you originally intended.THC: What do you think is the key to your popularity? JC: One of the great losses we incur growing up is the sense of wonder. When was the last time you said a word like “Wow!” out loud and in total astonishment? Children live in a sense of wonder all the time, but as we grow older we learn saying loud wow?...

Author: By Rebecca A. Schuetz, CRIMSON STAFF WRITER | Title: Carroll Doesn’t Give Up ‘Ghost’ | 10/13/2008 | See Source »

...Some states have tried to establish their own standards for truth in political advertising, but with little success. Washington State passed a law in 1984 that made it illegal to sponsor campaign commercials that knowingly "make a false statement of material fact." Violations could incur fines of up to $10,000 for each instance, and could also result in election outcomes being voided. After 14 years, the Washington State Supreme Court ruled the law unconstitutional, prompting one of the dissenting justices to complain that it was "the first court in the history of the Republic to declare First Amendment protection...

Author: /time Magazine | Title: Truth in Advertising? Not for Political Ads | 9/23/2008 | See Source »

California's largest publicly owned utility filed for bankruptcy after deregulation led the company to incur billions of dollars in debt from the rising cost of wholesale energy. Wholesale prices eventually dropped, and the day the company emerged from bankruptcy in 2004, its stock was worth three times as much as when it filed for protection...

Author: /time Magazine | Title: Pacific Gas & Electric Company | 9/15/2008 | See Source »

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