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...growth since the BEA began keeping track of quarterly numbers in 1947 have been -7.8%, in the second quarter of 1980, and -10.4%, in the first quarter of 1958. But those were both temporary setbacks engineered by the Federal Reserve to crack down on inflation, and growth resumed soon afterward. All indications so far this year are that the downturn has continued and possibly worsened...

Author: /time Magazine | Title: A 6.2% Drop in GDP: Is the Worst Yet to Come? | 2/27/2009 | See Source »

...left nameless—falls ill with tuberculosis, exacerbated by malnutrition, Yong-soo makes the difficult decision to attempt an illegal crossing into China to obtain the medicines his wife so desperately needs. In traditional tragic form, Joon is left alone to care for his ailing mother, but she soon dies while Yong-soo is in China. Joon departs to find his father, not knowing that Yong-soo has already been relocated to South Korea by a relief organization. Certain scenes of the movie elicit real emotion—horror, disgust, pity—but these...

Author: By Isabel E. Kaplan, CONTRIBUTING WRITER | Title: Crossings | 2/27/2009 | See Source »

...down and reconcile their differences,” says Owen J. Clements, a member of the Law Review under Kagan’s leadership. “She struck me as wise beyond her years.”D.C.-BOUNDNominated to the post of solicitor general, Kagan may soon have the opportunity to exercise her diplomatic skills in the political arena, returning to a realm she left in 1999 after working for several years as an adviser in the Clinton White House.Though critics point to her lack of experience arguing before the Supreme Court—a key duty...

Author: By Elias J. Groll and Athena Y. Jiang, CRIMSON STAFF WRITERS | Title: Kagan's Legal Legacy | 2/27/2009 | See Source »

...bigwigs from the Association of Southeast Asian Nations (ASEAN) began gathering at a seaside resort near Bangkok on Feb. 26 for an annual summit, thousands of anti-government protesters wearing crimson shirts congregated at the Thai Prime Minister's office, demanding that Abhisit Vejjajiva hold elections soon. Thursday marked their third day of protest, and the red-hued demonstrators vowed not to cease until their demands for fresh polls were met. (See pictures of last year's protests...

Author: /time Magazine | Title: How Not to Make a Political Fashion Statement in Bangkok | 2/26/2009 | See Source »

...headquarters at Pilkhana. They gathered to protest low wages, among other grievances, and the meeting grew increasingly heated as some of the rank-and-file soldiers accused their superiors of failing to bring their long-standing demands to the government. The jawans started firing at the guards and soon took full control of the headquarters. "Nearly 50 people have been killed in sporadic fighting," Mohammad Quamrul Islam, State Minister for Law and Parliamentary Affairs, said on Wednesday. But after the Prime Minister's address Thursday, the rebels who had detained several hundred officers and their family members for the past...

Author: /time Magazine | Title: Military Mutiny Challenges New Bangladesh PM | 2/26/2009 | See Source »

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