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...economy is entering a two-layoff cycle. Managements examined their 2009 prospects late last year and prepared layoffs based on their knowledge that the current year would be rough. They made their job reductions based on those assumptions. But, many executives were completely wrong about the length and severity of this recession. It is hard to blame them for this mistake. Even well-regarded economists have had trouble giving reasonable forecasts for what will happen to joblessness, consumer spending, and industrial production over the next two or three months. The distance to any reasonable prediction horizon lessens as the downturn...

Author: /time Magazine | Title: A Double Dip Layoff Economy | 2/9/2009 | See Source »

...line on Sex and the City? When Carrie's boyfriend Berger said those six words to Miranda, he liberated her from the expectation that her prospective lover would ever call again. Sex and the City writers Greg Behrendt and Liz Tuccillo then huffed and puffed them into a book-length instructional manual for women. After it became a best seller, there was really no choice but to make it into a movie. It was either that, a line of beauty products or a new religion...

Author: /time Magazine | Title: He's Just Not That Into You, and Neither Are We | 2/5/2009 | See Source »

...Incredibly, India is putting up fencing on the islands, too. On Masalabari, the most stable of the char islands, huge concrete cylinders that will form the base of a 53/4-mile (9.3 km) length of fence are lined up on the sand. The Central Public Works Department carried them out by boat during the summer monsoon, when water levels were high enough to transport heavy equipment, and they will eventually support the fencing that will separate the Indian side of the island from Bangladesh...

Author: /time Magazine | Title: A Great Divide | 2/5/2009 | See Source »

...raised the level of our craft." Garry Shandling recalls how, as a young student at the University of Arizona, he accosted Carlin before a club date, showed him some jokes he had written, and got the encouragement that prompted him to get into comedy. After showing the full-length clip of Carlin's "Ode to a Modern Man," his late-career masterpiece in which he boils every 21st century buzzword into a dazzling three-minute rant ("I've been uplinked and downloaded; I've been inputted and outsourced: I know the upside of downsizing, I know the downside of upgrading...

Author: /time Magazine | Title: George Carlin: The Long Goodbye | 2/4/2009 | See Source »

...into Colombian jungles to mediate between leftist guerrillas and right-wing death squads, and once, while still a bishop, he showed up at the house of cocaine king Pablo Escobar disguised as a milkman. Revealing himself, Castrillón implored Escobar to confess his sins, which, presumably at some considerable length, the vicious gangster did. "Anyone who's had interaction with him will tell you he's an imperious [person] who acts first and worries about the consequences later," says the Vatican official. "Sometimes I don't think he even cares about the consequences...

Author: /time Magazine | Title: The Cardinal Behind the Pope's Lefebvrite Flap | 2/4/2009 | See Source »

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