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...Citroën factory opened in Vigo in 1958; by 2007, it was manufacturing 547,000 cars a year and had become the company's highest-producing plant in Europe. It was also the largest company in the region of Galicia, directly employing more than 10,000 locals. Those steady, well-paid jobs helped transform what was once a rough-and-tumble port into a pleasant seaside city, complete with manicured boulevards, a contemporary-art museum and plenty of Zara outlets. By 1990, there were enough ambitious young people in Vigo to support a university...

Author: /time Magazine | Title: The Broken Hopes of a Spanish Generation | 7/20/2009 | See Source »

Thwarted ambition is not the only problem. One of the dirty little secrets of Spain's boom years was the number of people Spanish firms employed on casual contracts. In an effort to make its labor market more flexible, the country has the highest rate of temporary jobs in the European Union: one in three. The great majority of those "trash contracts," as they're called by locals, go to the young, making them the easiest (read: least expensive) workers to fire. None of this is new. Young people have complained of being mileuristas since Europe adopted the common currency...

Author: /time Magazine | Title: The Broken Hopes of a Spanish Generation | 7/20/2009 | See Source »

...misread how bad the economy was.' Vice President JOE BIDEN, reacting to news that the national unemployment rate had reached 9.5%--the highest figure in 26 years--despite the Obama Administration's $787 billion economic-stimulus package...

Author: /time Magazine | Title: Verbatim | 7/20/2009 | See Source »

...Delhi A Watershed Gay-Rights Ruling Gay Indians are no longer legally confined to the closet. In a landmark decision, New Delhi's highest court struck down a 150-year-old law that prohibited "carnal intercourse against the order of nature." Though it applies only to the nation's capital, the ruling is likely to prompt India's government to appeal to the Supreme Court or to change the law nationwide. Advocates say the decision could pave the way for better sex education in a country with one of the world's highest populations of people with HIV/AIDS...

Author: /time Magazine | Title: The World | 7/20/2009 | See Source »

Half-Blood began by breaking The Dark Knight's Tuesday-midnight-screenings record ($22.2 million to $18.5 million), then from Wednesday through Saturday calmed down and notched daily grosses in the mid-$20 millions. It will finish Sunday night with the year's second highest opening frame, after Transformers 2. Over the five days, Half-Blood Prince didn't come near Revenge of the Fallen's opening $200 million bonanza. But in North America, at least, HP6 may have been seen by nearly as many people; they're just not paying as much to see it. As Nikki Finke notes...

Author: /time Magazine | Title: Box-Office Wizardry: Harry Potter's Wand-erful Week | 7/19/2009 | See Source »

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