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...than $2 a day. Public schools are ineffective: 40% of enrolled 8- to 11-year-olds cannot read a page. More than 440 million Indians, 40% of the population, are under 18, and it is not clear how India will generate enough jobs over the next two decades to employ them. Facing those hard realities, the global corporate world has begun to see terrorism the way many Indians do - as one of those utterly shocking and yet immovable problems, such as child labor, unsafe drinking water and filthy streets, that become part of the background of living and working...

Author: /time Magazine | Title: India: After the Horror | 12/4/2008 | See Source »

...safe to assume that it will remain a top priority for the agency. And Napolitano is far from liberal on immigration: she was the first governor to call for the National Guard to protect the border at federal expense, and she has worked to penalize businesses that employ illegal immigrants...

Author: /time Magazine | Title: Napolitano: A Safe Pair of Hands for Homeland Security | 11/25/2008 | See Source »

...seems like a natural progression that will add to the breadth and scope of biotech here in Cambridge,” Mayor E. Denise Simmons said of the project. Simmons said the labs will benefit the city by attracting more people with highly specialized talents and employing many more. She said she will ask the company to reach out to Cambridge when looking for employees. The new unit will be located in Cambridge, Mass., as well as Cambridge, England. Between the two facilities, Pfizer plans to employ about 70 researchers. With the new unit, Pfizer will contribute to local efforts...

Author: NO WRITER ATTRIBUTED | Title: Pfizer Plans New Stem Cell Lab | 11/20/2008 | See Source »

...turmoil has some questioning not just hedge-fund performance of late, but also the industry's essential business model. Hedge funds employ a dizzying array of investment strategies, from reliance upon superstar managers who preside like Delphic oracles to the use of byzantine computer algorithms that pick out minute pricing discrepancies and take advantage of them. The profits on these transactions may be small, but funds multiply them many times over by leveraging their investors' capital. This strategy can go awry - as it did spectacularly in 1998 when Long Term Capital Management, a giant U.S. fund whose founders included...

Author: /time Magazine | Title: Pruning Season | 11/13/2008 | See Source »

...inflicted on virtually all asset classes, there are fewer pricing discrepancies for hedge funds to take advantage of. Then there's the short-selling - betting on falling stock prices - that funds use to hedge against losses and theoretically make money whether equity markets rise or fall. Funds that employ long/short strategies have been hampered by government bans on short-selling intended to calm unsettled markets. Indeed, shorting strategies have been widely blamed for exacerbating volatility. On Oct. 28, German automaker Volkswagen briefly became the world's most valuable company when hedge funds that had shorted the company's stock...

Author: /time Magazine | Title: Pruning Season | 11/13/2008 | See Source »

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