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...fallout from financial meltdown wasn't enough, there's another stiff challenge facing the world's investment-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...

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

...vampire love story, Point Break the all-time surfer-heist movie. She loves to locate affinities in people with opposite agendas, and vice versa; so James is often isolated from his comrades, while he gets into recklessly close contact with the Iraqis. Bigelow is also a whiz at discovering fresh talent, and in Renner she hit the jackpot. The actor is ordinary-looking, pudgy-faced, quiet; can he carry a big film? Oh, yes. He soon reveals the strength, confidence and unpredictability of a young Russell Crowe...

Author: /time Magazine | Title: The Hurt Locker: Iraq, With Thrills | 7/6/2009 | See Source »

...wasn’t really so bad. Our dormitory has a small courtyard so we could get some sunlight and fresh air. We organized daily activities like yoga, dinner on the rooftop, and a soccer tournament to keep things lively. But daily I would mope for a bit by my window facing the street, once making eye contact with some passersby and gleefully chatting with them using only gestures, until one of the policemen, who stand on every corner with AK 47s, yelled at us to stop. Evidently I might have passed the swine flu just by grinning at them...

Author: By Anna E. Boch | Title: Under Quarantine | 7/6/2009 | See Source »

...Palin's platform looked much more Democratic than Republican. She picked up on Dem calls for ethics reform and backed Democratic stands against oil- and gas-company interests. She made limited mention of abortion and other social-conservative issues. She would also visit the legislative offices, sometimes bringing fresh baked cookies and bagels. "I'm sure she visited some Republicans, but mostly the people she visited were Democrats," says Alaska representative Harry Crawford, an Anchorage Democrat who has known Palin for more than a decade. "With Sarah, we were able to do things that we'd been trying...

Author: /time Magazine | Title: Why Sarah Palin Quit: The Five Best Explanations | 7/6/2009 | See Source »

...under the Bush Administration, with tension developing over issues such as Russia's refusal to recognize the statehood of Kosovo and America's proposal to build an antimissile shield in Eastern Europe. People like Yevgeny Abashin, 40, who works in the travel industry, see Obama as a breath of fresh air after George W. Bush. "For me and for most of my friends, color doesn't make a difference," he says. "We think, if anything, it makes him more original." But when it comes to just how differently Obama will deal with Russia, Abashin, like so many others, is taking...

Author: /time Magazine | Title: Obama, Russia and the Question of Color | 7/6/2009 | See Source »

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