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...social and cultural traditions rooted in the seventh day being one of rest. They warn that family gatherings, leisure activities and even church attendance will suffer greatly as people are forced to don the dominical yoke of labor. Where will the next Renoir get his inspiration for another Bal du Moulin de la Galette? What would Seurat's Sunday Afternoon on the Island of La Grande Jatte be without the Sunday bit? And how to defend the colors against the neighborhood rival if your goalkeeper and best center forward are down at the mall selling garden furniture...

Author: /time Magazine | Title: Many French Dislike Law Increasing Sunday Shopping | 7/24/2009 | See Source »

Henry Louis "Skip" Gates, Jr., professor and director of the W.E.B. Du Bois Institute for African and African American Studies, was arrested on Thursday at his Cambridge home for disorderly conduct, according to a Cambridge Police Department report...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Renowned Af-Am Professor Gates Arrested for Disorderly Conduct | 7/20/2009 | See Source »

...themselves of unusual lending schemes. In many regions, companies are forced to go around the traditional banking system altogether by borrowing from other businesspeople or even loan sharks. This sort of informal banking, which has a long history in China, has become more popular as the economy slows, says Du Xiaoshan, deputy director of Rural Development Institute at the Chinese Academy of Social Sciences. "It's hard for small and rural businesses to get bank loans, so there's generally more informal lending happening," says Du. (Read "The Argument Over China's Economic Prospects Intensifies...

Author: /time Magazine | Title: In China's Lending Boom, Small Businesses Go Begging | 7/15/2009 | See Source »

...very easy to understand," says Spelich. "Lending to a company that has maybe five employees is not an intuitive thing." Banks consider small businesses poor loan candidates because they have shorter life cycles, often keep spotty financial records and lack significant property or other forms of collateral, says Du, the Chinese Academy of Social Sciences deputy director. Lending to a state-owned enterprise comes with at least the tacit understanding that the government will guarantee the loan, or at least ensure the company doesn't suddenly fold...

Author: /time Magazine | Title: In China's Lending Boom, Small Businesses Go Begging | 7/15/2009 | See Source »

...Some smaller commercial banks have started experimenting with lending to small businesses, says Du. Other initiatives include websites that provide a sort of online credit market, where parties looking to make or take out loans can post terms and find deals online. But so far the volume is low and the terms are prohibitive. "There are many more approaches we have yet to explore, and we shouldn't be limited to one single model," Du says...

Author: /time Magazine | Title: In China's Lending Boom, Small Businesses Go Begging | 7/15/2009 | See Source »

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