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...debt, a debacle that was preceded by the subprime-fueled demise of a hedge fund run by Swiss bank UBS. Basis Capital, an Australian firm with more than $2 billion in assets, was forced in August to liquidate its Basis Yield Alpha Fund, which had previously been one of Australia's best-rated hedge funds. Numerous quant funds, which use computerized analysis to make investment decisions, posted big losses as stock markets reeled from the subprime mess...

Author: /time Magazine | Title: Which Way Out? | 11/1/2007 | See Source »

...Australia, where many of the world's top racing horses are sired, syndicate schemes allowing investors to put up as little as $5,400 are growing in popularity. Australian organizations such as Dynamic Syndications act as a kind of online matchmaking service, helping to put would-be ownership groups together with promising thoroughbreds through a website that features photos and video clips of horses, detailed reports on their medical fitness, and results from time trials and races. "Our website is like a mini-TV station," says Dynamic Syndications managing director Dean Watt. "If you could put a smell through...

Author: /time Magazine | Title: Hobby Horses | 11/1/2007 | See Source »

...cancer incidence; sadly, these practices are spreading to the developing world. Key strategies for combating breast cancer worldwide will be promotion of the current World Health Organisation recommendation that mothers breastfeed for two years or more, and support for them in achieving this goal. Dr. Julia Moore, Perth, Western Australia...

Author: /time Magazine | Title: Inbox | 10/26/2007 | See Source »

...quite complex in the staging and physical layers—but the weakest and least interesting parts of the production often was the text, which frustrated me,” she says.Her first play, “My Vicious Angel,” received critical acclaim in her native Australia. Following the success of “My Vicious Angel,” Evans decided to pursue an MFA in playwriting and a Ph.D. at Brown University. She has written five full-length plays and multiple short plays, all of which have been produced.‘SENSE OF VERTIGO?...

Author: By Katherine L. Miller, CONTRIBUTING WRITER | Title: Harvard Playwright Spins Social Parable in Providence | 10/25/2007 | See Source »

...Jobs in Europe's high education sectors are growing at 3% per year, compared to 1% in other sectors. However, the percentage of foreign skilled workers in the E.U.'s overall market is just 1.74%, far behind other rich economies like Australia (9.9%), Canada (7.3%), the U.S. (3.2%) and Switzerland (5.3%). Frattini said the Blue Card could help build a channel of targeted, legal migration, making Europe more attractive, and more welcoming, to migrants with sought-after skills...

Author: /time Magazine | Title: A Green Light for Europe's Blue Card | 10/24/2007 | See Source »

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