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...they're talking, it sounds as if many European leaders don't want to give their American peers much choice in the matter. German host Chancellor Angela Merkel said the group-France, Italy, Britain, Luxembourg, Spain, the Netherlands and Czech Republic-had agreed to measures they will insist be adopted at the G20 meeting in London in early April. "All financial markets, products and participants including hedge funds and other private pools of capital which may pose a systematic risk must be subjected to appropriate oversight or regulation," Merkel said in a summit statement. "A clear message and concrete action...

Author: /time Magazine | Title: Europe Calls for Tougher Rules on Global Markets | 2/23/2009 | See Source »

...Gordon Brown, who, in spite of his nominally leftist Labour Party affiliation, has always been a market liberal. As recently as 2007, Brown opposed European calls for better regulation of hedge funds-investment schemes that had helped made London Europe's finance capital. But on Sunday, Brown wrote in Britain's Observer newspaper that finance markets and banks should be obliged to factor the collective interest of long-term economic gain into their activities, an effort he said should serve as "the foundation on which a new system must be based...

Author: /time Magazine | Title: Europe Calls for Tougher Rules on Global Markets | 2/23/2009 | See Source »

...Organizing this unlikely choir is Chreanne Montgomery-Smith, who runs support groups for the Newbury branch of Britain's Alzheimer's Society. On cue, the 40 or so Alzheimer's and dementia patients join hands and begin singing in unison - a tentative rendition of Amazing Grace. They remember most of the words and their chorus fills the hall. Montgomery-Smith is certain that the music helps bring her patients' thoughts - ravaged by dissonance and dislocation - into harmony. (Read how secondhand smoke has been linked to dementia...

Author: /time Magazine | Title: Advances for Alzheimer's, Outside the Lab | 2/23/2009 | See Source »

...There are hundreds of these and similar land-based long-range missiles ready to launch at a moment's notice. Only the original nuclear club countries have them - America, Russia, China, Britain and France. Those who justify the continued existence of these giant arsenals argue that the stability provided by such "deterrents" far outweigh the risk. The launch of one or all of these missiles - whether by design or by accident - would be a highly improbable event. (See pictures of Hiroshima...

Author: /time Magazine | Title: The Nuclear Risk: How Long Will Our Luck Hold? | 2/20/2009 | See Source »

...released U.S. Naval intelligence documents obtained through the Freedom of Information Act that showed that the Russian Navy undertook more underwater ballistic missile submarine patrols in 2008 than it has in a decade. The Russian subs are joined in the word's oceans by nuclear-armed vessels from France, Britain, and China. Under the plains of the American West, and in similar silos in Russia, Air Force missile operators keep constant vigil, launch keys at the ready. Nuclear missiles have no self-destruct button; once launched, they cannot be called back. Twenty years after the end of the cold...

Author: /time Magazine | Title: The Nuclear Risk: How Long Will Our Luck Hold? | 2/20/2009 | See Source »

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