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As if the fallout from financial meltdown wasn't enough, there's another stiff challenge facing the world's investment-fund industry. Only this time it's from Brussels. Fresh E.U. proposals would require hedge funds, private equity and a host of other alternative investment funds to meet tougher regulation...

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

Watch a video on the challenge for the U.S. military in Afghanistan.

Author: /time Magazine | Title: TIME's Interview with General Stanley McChrystal | 7/8/2009 | See Source »

But for all his boldness and experimentation, F.D.R. never got too far out ahead of public opinion. He was pushed by some of his advisers to move further to the left on the economy and more aggressively toward getting into the war in Europe--but in both cases, he ultimately...

Author: /time Magazine | Title: Learning from FDR | 7/6/2009 | See Source »

1 | Washington Voting Rights Act Stays Alive In a highly anticipated Supreme Court ruling, the 1965 Voting Rights Act survived a legal challenge that many analysts expected to topple the landmark civil rights law. The court's 8-to-1 decision sidestepped the core constitutional issues in question, keeping intact...

Author: /time Magazine | Title: The World | 7/6/2009 | See Source »

Bottom line: the dollar faces a longer-term challenge, and the big players know it. Echoing a call made by Zhou Xiaochuan, its governor, in March, China's central bank advocated a new global reserve currency in its annual financial-stability report released last Friday. Raising concerns of a move...

Author: /time Magazine | Title: Outlook for U.S. Dollar Darkens | 7/2/2009 | See Source »

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