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...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 before they can market to investors in the region. The legislation - tabled for discussion in late April in an effort to shore up investor protection while reducing risk - has attracted growing criticism. London-based AIMA, a global hedge-fund industry group, calls proposed disclosure requirements bureaucratic. Kinetic Partners, a consultancy for the U.K. hedge-fund industry, reckons meeting stricter capital requirements and risk-management rules could cost British funds...

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

...study, Lyubomirsky found that people who did the same acts of kindness day after day for 10 weeks actually got less happy. But those who systematically varied their good deeds, got a boost. And, logically enough, effort counted. Letters of gratitude that reflected serious effort brought more satisfaction than those that seemed written routinely or out of duty. On the other hand, Lyubomirsky has also found that people who are clinically depressed "got less happy writing gratitude letters," perhaps because the effort was too much...

Author: /time Magazine | Title: The Science of Happiness Turns 10. What Has It Taught? | 7/8/2009 | See Source »

...three weeks after the earthquake that left tens of thousands homeless, Prime Minister Berlusconi announced that the meeting would be moved to L’Aquila. He said the purpose of the change was to divert funds away from preparing the lavish accommodations in Sardinia and towards the relief effort, as well as to bring international attention to the tragedy. Berlusconi’s critics suggested that the real reason for the move was that the convention buildings in Maddalena were nowhere near finished. Either way, the G8 countries all agreed to the change of location...

Author: By Sofia E. Groopman | Title: Berlusconi’s Hubris | 7/7/2009 | See Source »

...outburst punctured a tightly orchestrated effort to show the media the extent of the destruction wrought by the city's small Uighur community on July 5. Reporters were given a CD that showed several minutes of footage of the mostly Uighur rioters attacking civilians and destroying property. Unlike the official response to the deadly unrest last year in Lhasa, the Tibetan capital, when the region was closed to outsiders for several months, journalists in Urumqi were given relatively free rein...

Author: /time Magazine | Title: After Deadly Riots, Ethnic Tensions Heat Up in Urumqi | 7/7/2009 | See Source »

...Sphere of influence" is a term of diplomatic art, which is often invoked by the Russian government and Western nations in discussing plans for a NATO expansion and the European Commission's Eastern Partnership effort. In his speech, Obama distinguished between Europe's efforts to grow its diplomatic relations with former Soviet bloc countries and Russia's efforts to keep significant influence over its neighboring nations. "America will never impose a security arrangement on another country. For any country to become a member of an organization like NATO, for example, a majority of its people must choose to [join]," Obama...

Author: /time Magazine | Title: Obama Treads Lightly on Democracy in Russia | 7/7/2009 | See Source »

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