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Local currency can generate customer loyalty, but not every business feels as though it can offer a discount like the one built into BerkShares. "They just aren't viable for us," says Beth Parsons, whose family owns a grocery store in Lenox, Mass. But as a consumer, she likes the idea. Parsons recently drove to a nearby town to buy some shoes instead of getting them online. Afterward, she says, she passed a BerkShares sign "at the bank and thought, 'Oh, I should've bought BerkShare bucks to save money on these...

Author: /time Magazine | Title: Tough Times Lead to Local Currencies | 7/13/2009 | See Source »

...Trinidad, the President elaborated on his thinking, describing the more collaborative approach to diplomacy as one that can clear away "old preconceptions or ideological dogmas." "Countries are going to have interests," he said, sounding very much the community-organizing theorist. "And changes in foreign policy approaches by my Administration aren't suddenly going to make all those interests that may diverge from ours disappear. What it does mean, though, is at the margins, they are more likely to want to cooperate than not cooperate...

Author: /time Magazine | Title: The Five Pillars of Obama's Foreign Policy | 7/13/2009 | See Source »

...profile is "very much in line with her colleagues." The study gives a brief overview of the term "judicial activism" and explains how it has been saddled with negative connotations since Marbury v. Madison established the court's power of judicial review in 1803. Specifics of the cases reviewed aren't available in the report, but the study nonetheless paints a good statistical portrait of what might be expected if Sonia Sotomayor is confirmed as a Supreme Court Justice...

Author: /time Magazine | Title: Judging Sonia Sotomayor's Record | 7/13/2009 | See Source »

...Worthless is precisely what the entire New Fabris plant will be become, warn the firm's 336 former employees, if their demands aren't met by July 31. Dozens of gas canisters have been strung around the factory in the central town of Châtellerault, and fears are rising that, with nothing to lose, the thwarted workers might actually explode them. "If we don't get what we're asking for, there will be nothing left of the factory for them to recover," say Guy Eyermann, a New Fabris staffer and delegate of the General Confederation of Labor union...

Author: /time Magazine | Title: French Workers Facing Layoffs Threaten Explosive Action | 7/13/2009 | See Source »

...gives a sense that the market is starting to stabilize in these hardest-hit areas, that sellers are having more reasonable expectations," says Trulia CEO Pete Flint. Though with the percentage of markdowns increasing in most other parts of the country, the deals aren't likely to go away anytime soon...

Author: /time Magazine | Title: Housing Woes: Price Reductions Are Proliferating | 7/11/2009 | See Source »

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