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...current recession is the longest since WWII and continues for another year, one of its most frightening characteristics is that the number of people whose jobless benefits run out is going to be large and will almost certainly grow substantially beginning relatively soon. This means that even though giving financial support to the unemployed may be an unbelievable expense, it may actually cost more to remove their government safety net and in some cases allow them to become indigent...

Author: /time Magazine | Title: When Joblessness Becomes Homelessness | 4/6/2009 | See Source »

...raging recovery. These analysts may be right, but nearly everyone is frightened by the prospect of the carnage which would go along with the economy "improving itself" without government intervention. If unemployment gets worse much faster and the government's plans for making the economy right are shattered soon, the free market movement will get its wish by default...

Author: /time Magazine | Title: Why the Stimulus and Bailout Hit the Government | 4/6/2009 | See Source »

...actually that different except that you don't have the size issue. Once you have the concept, then very soon you have to get down to the details like what's the material like, what's the finishing like, what's all the metalwork like. When you do clothes, often it's made up of so many small decisions that in the end, they are like one very big decision...

Author: /time Magazine | Title: Q&A: Viktor and Rolf | 4/6/2009 | See Source »

...Whether it is Wagoner’s fault or not, however, GM’s current position is financially untenable. The auto company is dependent on government handouts, and there are no signs that its status will be able to stand on its own any time soon. Thousands, even millions, of jobs and a significant part of the American economy (especially the battered manufacturing sector) depend on GM remaining afloat. Whether or not pulling GM out of the red is possible at this point, though, it is clear that Wagoner is not the person for the job. By urging...

Author: By Ellen C. Bryson | Title: He’s Leaving, But Not on a Jet Plane | 4/6/2009 | See Source »

...Twitter can be effective if you have many, many followers and they’re in tune to your company.”And although the service has provided a valuable new mode of informal communication, Welch said it is not going to replace their traditional print advertising anytime soon. The plus side?“It doesn’t cost us anything to tweet,” he said.—Staff writer Lingbo Li can be reached at lingboli@fas.harvard.edu...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Square Shops Embrace Twitter | 4/6/2009 | See Source »

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