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...Enter fellow Canadian, John McCall MacBain, a self-made billionaire who founded the Auto Trader classified-advertising empire, but in 2006 sold it and set up a foundation to promote health and the environment in the developing world. In April 2008, McCall MacBain bought 90% of BRE's stock. Strickland invested $1 million of his own money, and quit the hedge fund to become BRE's president...

Author: /time Magazine | Title: Rebuilding Liberia | 7/13/2009 | See Source »

...will almost certainly be amended. Sweden's Odell insisted the legislation was "a raw diamond that needs to be polished more." Myners, the British Minister, has vowed to "fight tooth and nail" to get the draft revised. Industry groups, meanwhile, have mounted keen lobbying campaigns. With nothing likely to enter into force before 2011, "there's one safeguard against it being introduced as it is," says AIMA's Baker. "It's mumbo jumbo...

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

...considered myself old enough to choose to do things. I saw that it was my decision, and mine only,” she said, when I asked her whether or not she retrospectively resented the fact that she was able to easily enter the sex trade as a minor...

Author: By Ahmed N. Mabruk | Title: Red Light | 7/8/2009 | See Source »

Among the people opposing an age increase, most voice reasons echoing those of Janssen, who added that she actually supports lowering the minimum age standard to work in prostitution. These advocates say that young girls in dire economic circumstances, like Majoor was years ago, should be allowed to enter the get-rich-quick industry—as long as the minors are not forced...

Author: By Ahmed N. Mabruk | Title: Red Light | 7/8/2009 | See Source »

...these girls not forced into prostitution, I wondered, sometimes aloud, oftentimes visibly frustrated, during the course of my interviews. I couldn’t understand the logic of people like Majoor and Janssen, who argue that minors can make the informed decision to enter the sex industry—even when their choice is, quite literally, between indigence and significant wealth. Isn’t the fact that Majoor decided to become a prostitute principally because she wanted a pet dog reason enough to conclude that minors, particularly those living in extreme poverty, can’t make a rational...

Author: By Ahmed N. Mabruk | Title: Red Light | 7/8/2009 | See Source »

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