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...night or in regular evening drinking fests, than with their own husbands and wives. Layoffs were considered unseemly. In Japan, a social contract of "lifetime employment" guaranteed full-time employees they would have jobs until retirement. In China, communism brought the "iron rice bowl" and institutionalized cradle-to-grave employment with state-owned companies...

Author: /time Magazine | Title: Asian Corps, Govs Scramble to Save Jobs | 2/11/2009 | See Source »

...further horrors. More than 750 homes have been razed and over 770 sq. mi. (2000 sq. km.) in the southeastern state of Victoria have been burned. "We know tragically many lives have been lost," Victorian premier (governor) John Brumby said in a television address to the state. "We have grave concerns for many more. Out there it has been hell on earth. It's one of the most tragic events in Victoria's history...

Author: /time Magazine | Title: Horror and Tragedy in Australia's Worst Wildfires | 2/9/2009 | See Source »

...first company on the list is The New York Times (NYT). It has been clear for over two years that the newspaper industry is in grave trouble even though internet initiatives have had some modest success. But, the New York Times chose to keep a number of newspaper properties which have been in trouble, notably The Boston Globe. Investors should want to know why the board did not demand a plan for restructuring the company. The easy answer is that the founding Sulzberger family controls enough of the voting power of the board so that actions by other members could...

Author: /time Magazine | Title: Boards Refuse to Act Despite Poor Governance | 2/5/2009 | See Source »

Margherita Boniver, an Italian Member of Parliament and longtime foreign policy advisor to Prime Minister Silvio Berlusconi, chastised the "French radical-chic" efforts to block extradition. "The fact that Carla Bruni [helped] Petrella avoid extradition to Italy is something grave," adding there appeared to be "a sort of convergence" with the Battisti case. "It's all unprecedented," Boniver told reporters...

Author: /time Magazine | Title: France's First Lady Carla Bruni: A Traitor to Italy? | 1/30/2009 | See Source »

...that Washington and its allies are undermining the Afghan government by ignoring its authority, and accusing them of patronizing warlords and overlooking the corruption and waste in their own aid programs. Earlier this month, Karzai's ambassador to the U.N., Zahir Tanin, told the Security Council of Afghanistan's "grave concern" over coalition military tactics there, calling on the coalition to minimize use of air strikes and coordinate its actions with the Afghan government...

Author: /time Magazine | Title: Will the U.S. Stick By Karzai in Afghanistan? | 1/30/2009 | See Source »

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