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...that Latin America now expects action to back it up. Honduras is Obama's first hemispheric crisis. There are obviously higher White House priorities right now, and Obama insists he's diligently working for a negotiated solution. But diplomats from Brasília to Mexico City say they fear he's only half-heartedly pressuring Honduras' new government to let Zelaya back in to finish his term, a perception that could squander the trust he's built. That might create problems down the road - for America and the Americas alike. (See pictures of violence during Honduran protests...

Author: /time Magazine | Title: President Obama's Latin Challenge | 8/24/2009 | See Source »

...mother's worst fear, Pant says, was that he would be a victim of violence. "She was terrified," he recalls. After the Supreme Court ruling in 2007, such incidents are rare, although his parents still get upset when his political opponents make derogatory comments. Those are among the few intrusions into his otherwise ascetic life. His longtime partner recently moved to Bangkok, so he lives with his parents and grandmother in Kathmandu, spends time with his nieces and nephews, and visits his village regularly...

Author: /time Magazine | Title: Why Asia's Gays are Starting to Win Acceptance | 8/24/2009 | See Source »

...some exchanges that allows high-volume traders the advantage of posting orders for up to half a second and then removing them - have drawn the ire of the authorities. Related revelations about the high-speed, almost fully computerized nature of modern stock markets have occasioned no small amount of fear and loathing. (See pictures of a Madoff family album...

Author: /time Magazine | Title: Bernie Madoff's Other Legacy | 8/24/2009 | See Source »

...fear may be justified, the loathing less so. Stock-trading in the U.S. was long dominated by a cartel (the NYSE) that charged exorbitant fees and stifled competition. That cozy arrangement began to fall apart in the early 1970s with the birth of the Nasdaq electronic exchange for small stocks. The rapid growth of Nasdaq companies like Intel and Microsoft, coupled with Madoff's poaching of orders from the NYSE in the 1980s and '90s, brought more direct competition. Now things have broken wide open. Nasdaq and the NYSE are still the biggest players, but they must do daily battle...

Author: /time Magazine | Title: Bernie Madoff's Other Legacy | 8/24/2009 | See Source »

...Beyond sweat, inspiration sells too. When legendary rocker Axl Rose told the world that his epic Guns N' Roses music video "November Rain" was inspired by a short story he read by a little-known writer named Del James in 1995, sales of the book,"The Language of Fear," took off. When the book went out of print two years later, it became a rock collector's must-have, with copies of the $5.50 book fetching between $150 and $400 on eBay for years. Last year, the publisher decided to re-release the book with a new cover...

Author: /time Magazine | Title: Michael Jackson, Woodstock Spark Surge In Memorabilia | 8/23/2009 | See Source »

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