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  • job-retraining-ideas-jobbed-hsmall

    Three Big Ideas for Solving Unemployment

    Even if the Senate passes a bill to provide unemployment-insurance benefits this week, the country still needs to figure out a smart way to create jobs for millions of people whose industries and livelihoods have altogether disappeared. So, how should we put 15 million unemployed Americans back to work? Here’s a quick look at the big ideas for solving the jobs crisis.
  • ceos-ta0404-wide

    Why CEOs Are Never Happy

    After an eight-year slumber, the Environmental Protection Agency is issuing regulations again. Two years after an appalling financial debacle, Congress is finally moving to regulate Wall Street. But to hear our nation’s commercial chieftains tell it, it’s enough to plunge us back into recession.
  • beauty-advantage-lead

    How Looks Affect Your Work, Your Career, Your Life

    In 2010, when Heidi Montag’s bloated lips plaster every magazine in town, when little girls lust after an airbrushed, unattainable body ideal, there’s a growing bundle of research to show that our bias against the unattractive is more pervasive than ever. And when it comes to the workplace, it’s looks, not merit, that all too often rule.
  • secrets-beauty-counter-wide

    Six Ugly Secrets of the Cosmetics Counter

    If you’ve ever set foot in a department store, you’ve probably had to navigate the beauty and fragrance gauntlet—bombarded by salespeople pressuring you to be “made over.” I used to be one of these people.
  • nigeria-oil-spills-ta0504-wide

    We Don't Hear About Africa's Oil Spills

    It was hard to believe BP when it announced oil had stopped gushing into the Gulf of Mexico on Thursday, July 15. It had taken 87 days. There was relief but little jubilation: it will take many years to clean the shores and the birds, and for the sea to begin to repair itself from the onslaught of poisonous oil. Surely we can no longer call it a “spill”—it seems too light and trite a word.
  • oil-spill-profiteers

    Who’s Making Money From the Oil Spill?

    In any catastrophe, there’s money to be made. How entrepreneurs, niche companies, and even potential scam artists are trying to profit from the oil disaster.
  • Britain Asks BP's Browne to Cut Costs

    John Browne knows a thing or two about cost-cutting. As BP’s boss for 12 years starting in 1995, he oversaw an ambitious expansion program that transformed the company’s fortunes while trimming staff. In the words of his successor, Tony Hayward, Browne’s management style “made a virtue of doing more for less.”
  • photos-ceos-golden-parachutes-from-failed-firms

    Goldman's $550 Million Settlement: Its Best Trade Ever

    Goldman Sachs has long been known for being a sharp trader. And the settlement announced with the Securities and Exchange Commission on Thursday seems like a great trade. Goldman agreed to pay $550 million to settle charges that it had misled investors about mortgage-related products. How is this a smart trade for Goldman, its top executives, and its shareholders? Let us count the ways.
  • BP Oil Leak Halted During Test

    For the first time since the accident nearly three months ago, no oil from the Deepwater Horizon well is escaping into the Gulf of Mexico. Officials cautioned that testing is continuing.
  • Business Books You Need to Read Now

    Book authors from the business world talked to NEWSWEEK in an ongoing series of interviews highlighting the best business literature out there. Stop here before (or after) picking up the latest intelligent take.
  • debt-gross-tease

    The Miracle Deficit Cure? Growth.

    On Tuesday, the Treasury reported the federal government's receipts and expenses for June. The upshot: through the first nine months of fiscal 2010 (which started last fall), the federal government has run a $1 trillion deficit.
  • gal-tease-worst-enviro-disa

    With New Cap in Place, What Now?

    Now that the sealing cap has been installed, all eyes turn to the well-integrity test, which BP is starting today. The test will involve completely "shutting in" the well so the full pressure of the oil gusher can be measured, giving the scientists and engineers a read on the structural stability of the piping that lines the 13,000-foot-long well.
  • bp-feature-main

    The Road to Deepwater Horizon

    Company insiders, past and present, say the Deepwater Horizon disaster was not a mystery. They describe a risk-taking culture spanning decades where profits come before safety, and whistle-blowers are intimidated, pressured out, or fired. And though Hayward had promised to make the company safer when he became CEO in 2007, the pressure to cut costs has only intensified under his leadership as the oil company struggled to please shareholders.
  • recession--upscale-samuelson-TA0703-wide

    How the Great Recession Has Changed Us

    It has been the most egalitarian of all the 11 recessions since World War II. In various ways, it has touched every social class. Will optimism return?
  • ov8003-obama-big-business-hsmall

    Jeffrey Garten on Obama's Antibusiness Attitude

    As job creation and an economic growth stall, the Obama administration is being criticized not just from all parts of the political spectrum in the U.S. but also from big business, which increasingly believes that the president harbors a thinly camouflaged antibusiness bias.
  • back-to-work-sc5003-small

    How Innovation Breeds Success in Manufacturing

    In the U.S. and the U.K. in particular, there’s a sense that overreliance on dodgy financial services is no way to create decent jobs for the masses or to build a more stable economy. In these and many other countries, like France and Germany, influential voices are calling for a return to the business of producing real goods.
  • electric-cars-investment-sc6003-hsmall

    Investors Hit the Brakes on Electric Cars

    When Tesla Motors went public June 29, it was hailed as the first IPO by an American automaker since Ford in 1956. Shares spiked 41 percent, raising $226 million for the electric-car company. But buyers quickly hit the brakes: within a week, Tesla’s stock was below its offering price.
  • rewards-credit-cards-sc6203-hsmall

    Three Rewards Cards Worth Owning

    With onerous terms, complicated formulas, and measly returns, some reward cards just don’t cut it. Here are three pieces of plastic actually worth owning.
  • The Dangers of Investing in Your Company Stock

    As the economy recovers and workers begin contributing more cash to their retirement accounts, employees should be wary of investing too much in their company stock—be it out of loyalty, optimism, or some predesignated company plan.
  • wri-diary-very-bad-year-book-vl

    Confessions of a Hedge-Fund Manager

    They were once masters of the financial universe; then they were derided as money-grubbing malcontents. But are they really as evil as they're made out to be?
  • Evaluating Time Magazine's New Online Pay Wall

    Like second marriages, Time's new, extra-confusing pay wall is the triumph of hope over experience. For several reasons I think this is destined to, if not fail, to at least not provide, shall we say, the optimal outcome for Time Inc.
  • higher-postal-rates-gross-tease

    Why a Higher Postal Rate Is Good for the Economy

    When the U.S. Postal Service loses money, it's effectively subsidizing inefficient business models and operations. And less mail would be better for the economy, better for businesses and consumers, and better for the environment.
  • congress-jobs-benefits-jobbed-hsmall

    What Should Obama and Congress Do About Jobs?

    The atrocious jobs numbers released Friday have added new fuel to the already heated debate over what the government should be doing to help unemployed Americans. But for the time being, it remains mostly an academic spat among wonks. The fact is that any real progress on solutions for unemployment has screeched to a halt on Capitol Hill and won’t get back on track until at least next week.
  • gal_women-timeline

    Why Are Retailers Ignoring Female Consumers?

    It may be a man’s world, but in the new millennium, it’s the women who are controlling the wallets. Yet mainstream retailers continue to largely ignore female consumers.
  • women-ov25-recovery-wide

    Women Will Rule the World

    When historians write about the great recession of 2007–08, they may very well have a new name for it: the Mancession. It’s a term already being bandied about in the popular media as business writers chronicle the sad tales of the main victims of the recession: men.
  • khuzam-FE10-hsmall

    The Man Who Would Convict Goldman Sachs

    A prosecutor best known for putting terrorists behind bars is about to take on one of the biggest challenges of his career—proving Goldman Sachs committed fraud.
  • fe04-euro-banks-crisis-wide

    European Banks Are Worse Off Than Wall Street

    Blaming foreign speculators for the continent’s troubles may be a popular sport in Paris and Berlin, but most of those problems are entirely homegrown. Europe’s dirty secret is that its banking sector is sicker than Wall Street.
  • tease-netflix-top-movie-rentals-list

    Netflix's (Surprisingly) Most-Rented Films of All Time

    Americans' taste in movies is--how to put this delicately?--not so demanding. But the list that Netflix publishes of its all-time most-rented movies is a delight, and a surprise. Of the top six films, three won the Oscar for Best Picture, and a fourth was nominated. See the full list here.
  • gross-ta04-deflation

    Why We Don't Need to Fear Deflation

    The talk about the economy in recent weeks has been somewhat deflating. There's the ongoing crisis in Europe, disappointing jobs numbers, a falling stock market-and the prospect of deflation itself.
  • Are Investors Turning the Page on Barnes & Noble?

    Stiff competition from Amazon and Apple is one reason for the gloomy income statement the company released this week: Barnes & Noble lost $32 million in the quarter ending May 1, compared with a $2 million loss during the same period last year.
  • gal-tease-blame-junior-fabrice-goldman

    Q&A: Suzanne McGee on Chasing Goldman Sachs

    In the hierarchy of Wall Street, Goldman Sachs has become the top dog: the cool, smart kid who finance geeks want to be. And, although Goldman’s top brass gets dragged down to Washington, D.C., the bank still reigns, at least financially.
  • gal-tease-recession-winners-losers

    Holding On to the Perks

    As we plow through the legislation to figure out the winners and the losers of the new financial rules, it’s worth pondering what Wall Street got out of the crisis. Most of the reaction, in fact, nods to it being a boon to the banks. And some of those benefits will remain intact even after the legislation passages. Here’s a look at the handouts given to Wall Street.
  • flexible-work-9-5-tease

    The Vanishing 9-to-5 Job

    The workplace is a vastly different environment than it was just 10 years ago. A look at how the recession is accelerating a cultural shift in the corporate world toward more flexible workdays.
  • list-tease-stable-jobs

    It’s Casual Friday, Every Day

    Increasingly lax office culture means we have not two wardrobes—work and play—but one. These days, are there any fashions not allowed at work?
  • intro-page-funny-bp-takedowns

    Top 10 Funny Video Takedowns of BP

    BP company leaders can't seem to avoid committing multiple gaffes and missteps, providing endless material for video satirists. Here are our picks for the best takedowns.
  • stable-jobs-intro2

    12 Secure Jobs for the Next Decade

    Despite the volatility in many sectors, there's still hope for job seekers across the spectrum of education and skills. NEWSWEEK consulted the Bureau of Labor Statistics and career counselors to predict the most stable professions for years to come.
  • greenberg-bear-sterns-hsmall

    The Rise and Fall of Bear Stearns

    Alan “Ace” Greenberg, the defiant former CEO of Bear Stearns, discloses his regrets, his beef with mortgage brokers, and why he thinks financial reform isn’t necessary.
  • gal-tease-fuel-efficient-cars

    Obama's Energy Pipe Dreams

    Just once, it would be nice if a president would level with Americans on energy. Barack Obama isn't that president. His speech the other night was about political damage control: his own. It was full of misinformation and mythology. Obama held out a gleaming vision of an America that would convert to the "clean" energy of, presumably, wind, solar, and biomass. It isn't going to happen for many, many decades, if ever.
  • oil-spill-moratorium

    Trust Us, Asks Oil Industry in Face of Deepwater Drilling Moratorium

    Representatives of several oil companies will stand in front of a federal judge today and ask for a moratorium on deepwater drilling to be lifted. The government argues that more work needs to be done to assess the issues associated with drilling at depth. BP CEO Tony Hayward argues ... well, nothing really. He was busy racing his yacht over the weekend.
  • Gulf Oil Spill,x-default

    BP May Suffer Harsher Treatment Because of Its Roots

    Ever since oil began gushing from the Deepwater Horizon rig in the Gulf of Mexico, BP has become as British as Wimbledon, as foreign as football played with a round ball. As a result, it's possible the company will suffer harsher treatment at the hands of consumers and lawmakers.
  • Telecom Dividends a Nice Buying Opportunity

    After years of mounting customer outrage over its clogged network, AT&T has finally scrapped its unlimited-data plan and raised the price on heavy data users. It’s a wonder it took so long. Since the iPhone debuted exclusively on AT&T in June 2007, Apple stock has risen 110 percent, while AT&T is down 38 percent. The $30-a-month unlimited plan was designed to attract customers, and with 50 million iPhones sold, it did. But AT&T’s network was crippled as a few users hogged bandwidth: 3 percent of AT&T’s smart-phone customers use 40 percent of its data. AT&T now offers a two-tiered system: 200 megabytes for $15 a month; two gigs for $25. Use more than that, and you’ll pay extra. Network strain is likely to ease as a result, and analysts believe others will follow AT&T and that the switch will usher in a new era of (more profitable) metered data-pricing.
  • gal-tease-global-recession

    Global Economy: Is Brazil Finally Booming?

    "Look out for the Brazilians and the Indians," the CEO of a large Fortune 500 consumer products company told me at a lunch a few months ago. And he wasn't talking about the World Cup. He was responding to a question about where the next wave of foreign investors in U.S. assets will come from. A few years ago, dealmakers were abuzz—and many analysts were fearful—about the prospect of sovereign wealth funds from the Persian Gulf and China shifting their strategies from buying U.S. government bonds to purchasing U.S. companies. Since many of those bubble-era deals exploded, the sovereign wealth funds have become much less aggressive about entering the U.S. market.