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...hemorrhaged jobs, manufacturing continued to erode, and housing prices failed to recover from the previous year's crash. Unemployment rose to 10.2%--the highest rate in 26 years--despite the Obama Administration's stimulus efforts, which pumped billions into the economy. Detroit was hit especially hard: Ford saw a steep drop in sales, Chrysler was taken over by Italian firm Fiat, and GM briefly entered bankruptcy. One bright spot was Wall Street, where stocks reversed much of 2008's decline. The economy showed encouraging growth in the third quarter, but with jobs still scarce, the impact of the Great Recession...

Author: /time Magazine | Title: The World | 12/28/2009 | See Source »

...Hannah Arendt Institute for Research on Totalitarianism, in Dresden, found close links between the NPD and far-right radicals in the eastern state of Saxony, where the NPD entered the regional parliament after winning 9.2% of the vote in a 2004 election. Researchers said there was a steep rise in the number of clashes between far-right groups and left-wing activists after the vote. "The NPD has successfully recruited young people from the violent far-right subculture and the neo-Nazi Kameradschaften [Brotherhood] groups," Uwe Backes, deputy director of the institute and author of the report, tells TIME...

Author: /time Magazine | Title: In Germany, a Disturbing Rise in Right-Wing Violence | 12/23/2009 | See Source »

...insidiously, can overcome the world's best pilots. That's what happened on July 18 over eastern Afghanistan, when two Air Force officers stumbled into a series of missed signals and blown procedures. The errors combined to send their F-15E screaming into a dark mountainside in a steep, controlled dive at 550 m.p.h., according to an Air Force investigation released last week. (See the top 10 most expensive military planes...

Author: /time Magazine | Title: Behind an Afghanistan Plane Crash: Missed Signals | 12/9/2009 | See Source »

Jacob Gedleyihlekisa Zuma was born in April 1942 in the dirt-poor town of Nkandla among the deep gorges and steep ridges of the Zulu heartland in the southeastern province of what is now called KwaZulu-Natal. Unemployment in South Africa hovers at around 40% but in Nkandla it is 90%. Tarred roads, electricity and running water are a novelty if they exist at all, a quarter of the population is infected with HIV and only 3% graduate from high school. Though he grew up before AIDS, bad health was rife - his father, a policeman, died when...

Author: /time Magazine | Title: Could Zuma Be What South Africa Needs? | 12/7/2009 | See Source »

...falling too far. The Sandra Bullock vehicle dropped 49% from last weekend, to $20.4 million, while New Moon fell 70%, to $15.7 million. All the other holdovers among the top dozen films - A Christmas Carol, Old Dogs, 2012, Ninja Assassin, Planet 51, Fantastic Mr. Fox and Precious - took a steep tumble, from 52% for A Christmas Carol to 67% for Precious...

Author: /time Magazine | Title: Box-Office Weekend: Blind Side Sacks New Moon | 12/6/2009 | See Source »

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