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...little hard to know what to make of such portentous statements, given that there is no agreed-upon dividing line between recessions and depressions, and no descriptive word in between. "It's a recession when your neighbor loses his job," Harry Truman once quipped. "It's a depression when you lose yours." What Reich and Morici seemed to be groping for - other than media exposure (mission accomplished!) - was a way to express that the current downturn may be a more serious phenomenon than other recessions of the post-World War II era. (See pictures of the recession...

Author: /time Magazine | Title: Don't Say the D Word | 12/11/2008 | See Source »

...these cars offer a better bang for the buck than GM's? The answer is with the United Auto Workers, who receive far higher pay and benefits than non-union workers in comparable jobs. As long as the labor bosses' power remains, Detroit's Big Three are doomed. President Truman stood up to the railroad unions. I hope Barack Obama will stand up to the auto unions. John Bucur, Wellington, Florida...

Author: /time Magazine | Title: Inbox | 12/4/2008 | See Source »

...that all this mayhem and all his powers are fake. He's the star of a TV adventure series, and if he weren't so focused on his Penny-paving mission he might notice the cameras, stunt men and effects technicians. Bolt, in other words, is a canine Truman Show, whose producers think he'll give a more intense performance if he thinks it's real...

Author: /time Magazine | Title: Bolt: Dog Gone Disney | 11/21/2008 | See Source »

...bills in circulation was fake. Though the Secret Service was tasked with guarding President Grover Cleveland's family in the 1890s, presidential security became a formal objective only after the assassination of President William McKinley in 1901. It wasn't until 1951--after a failed attempt on President Harry Truman's life--that Congress codified the agency's permanent protection of the First Family. Its duties also now include candidates for high office and visiting dignitaries. (See the Top 10 secret service code names...

Author: /time Magazine | Title: A Brief History Of: The Secret Service | 11/20/2008 | See Source »

Scanning crowds while the President walks a rope line is a given. But agents have also had to respond to unique security challenges--from rigging traffic lights while Truman strolled through Washington to shielding President Jimmy Carter's daughter, Amy, from a charging elephant at a pet show on Ethel Kennedy's Virginia estate. While the demeanor (sunglasses, earpieces, constant vigilance) and the danger are what captivate the public, monitoring for fiscal malfeasance is still half the job. In August, the Secret Service helped crack what was heralded as the largest identity-theft ring in U.S. history...

Author: /time Magazine | Title: A Brief History Of: The Secret Service | 11/20/2008 | See Source »

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