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...Randy Phillips, CEO of promoter AEG Live, was directing events offstage when Paris took the microphone. "I lost it," he told TIME afterward. "I almost short-circuited my walkie-talkie crying into it. That made the whole thing personal...

Author: /time Magazine | Title: Paris Jackson's Heartfelt Goodbye | 7/8/2009 | See Source »

...regulatory equivalence between the United States and European countries does not exist," says Andrew Baker, CEO of AIMA. "As of the date of introduction of that measure, you would have a lock out of all American managers from the European Union." That limits investors' choice, Baker says, especially since almost all E.U.-based managers market funds domiciled outside the region. (Read: "Is the Stock Market Cheap or Expensive...

Author: /time Magazine | Title: Should Hedge Funds Face Harsher Regulation? | 7/8/2009 | See Source »

...Amid strident criticism from industry and national governments, the proposals - currently being scrutinized by both the European Parliament and European Council, which represents national governments at the E.U. level - will almost certainly be amended. Sweden's Odell insisted the legislation was "a raw diamond that needs to be polished more." Myners, the British Minister, has vowed to "fight tooth and nail" to get the draft revised. Industry groups, meanwhile, have mounted keen lobbying campaigns. With nothing likely to enter into force before 2011, "there's one safeguard against it being introduced as it is," says AIMA's Baker...

Author: /time Magazine | Title: Should Hedge Funds Face Harsher Regulation? | 7/8/2009 | See Source »

...mentioned how "You Are Here" signs can actually make people feel more lost. Can you explain why that is? For a "You Are Here" map to work, it's almost universally true that the upwards direction on the map has to translate to the direction in front of you. And if it's not, it's worse than...

Author: /time Magazine | Title: Why We Get Lost | 7/8/2009 | See Source »

These protests strain the ear, but they vent conservatives’ frustration with liberals—now in almost complete control—who want to extend government’s reach over larger swaths of our lives. Unfortunately, middle-class conservatives assume that if you’re a member of the “elite,” you’re liberal. When I revealed that I wrote for The Harvard Crimson, one man asked me, “Are you going to write about how dumb we are?” A second warned that...

Author: By Brian J. Bolduc | Title: The Hartford Tea Party | 7/8/2009 | See Source »

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