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...Duma leadership supported him, but that he met with Perminova's father - and Elena - and that eventually they started seeing each other. "We've been together since she was 19 or 20," he says. Perminova is a model and an economics student at Moscow State University. Throughout our two-hour breakfast, she alternately serves as waitress - doling out espressos, porridge, and pastries stuffed with black caviar - and as significant other, sampling the kiwi fruit and playing on her laptop. (See pictures of Russia celebrating Victory...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

...days from March 28 through June 26--ending its financial quarters on the last day of the month, as most other companies do, would be too pedestrian--Goldman Sachs made more than $3.4 billion. That staggering profit--$1.6 million per hour, $117,000 per employee--is the most the firm has ever earned in a quarter. After Goldman reported the news on July 14, everyone from Wall Street to Wasilla struggled with a basic question: Should we be happy about this...

Author: /time Magazine | Title: The Moment | 7/27/2009 | See Source »

Duncan, as the nation's educator in chief, has repeatedly plugged a longer school day and year. He views today's standard six-hour, 180-day calendar as way too old school, a holdover from not only 19th century agrarian society but also mid-20th century Donna Reed-style parenting. "Our children are no longer working in the fields," Duncan says. "And Mom isn't waiting at home at 2:30 with a peanut-butter-and-jelly sandwich. That just doesn't happen in many American families anymore." (Read an interview with Duncan...

Author: /time Magazine | Title: Summer School: What? No More Vacations? | 7/27/2009 | See Source »

Educators have been eyeing more class time for decades. The landmark 1983 federal report A Nation at Risk, which highlighted the growing achievement gap between the U.S. and other countries, recommended that school districts "strongly consider" a seven-hour day and a 200- to 220-day academic year, which would hew more closely to the schedules in higher-performing Europe and Asia. Although the practice has yet to go mainstream, there's a big push to add school hours in underperforming urban districts. One champion of this movement is Massachusetts Senator Ted Kennedy, who on July 8 introduced the Time...

Author: /time Magazine | Title: Summer School: What? No More Vacations? | 7/27/2009 | See Source »

...over 14 and under 65 who's actually set foot on the "subway," a Metro-run underground train that is approximately one-twentieth the length of any other metropolitan rail system in America. Starting at age 16, I worked three summers in L.A. without a license, which meant daily hour-and-a-half-long commutes (and that's just one-way). On subsequent visits home, having to beg for a car ride from a friend never seemed as bad as those mind-numbing hours on public transportation...

Author: By Lena Chen | Title: The View from the Passenger Seat | 7/27/2009 | See Source »

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