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...large banks that fail, an issue that has split not just the two parties but the Administration and top regulators. Senators Chuck Schumer and Mike Crapo are tackling new regulation for corporate governance that would try to impose checks on risk-taking CEOs and their weak boards. And Rhode Island's Jack Reed and New Hampshire's Judd Gregg have the thorny issue of regulating the complex derivatives trades that some blame for excessive leveraging that helped precipitate the market collapse...

Author: /time Magazine | Title: Senator Dodd's Bipartisan Push on Financial Reform | 11/27/2009 | See Source »

Even for a country long hardened to election violence, the massacre of at least 57 defenseless civilians on the main southern island of Mindanao, many of them relatives and supporters of a local politician and a large group of journalists, sets a new low. This troubled corner of the Philippines usually makes headlines for its long-running Muslim separatist rebellion. But the killings starkly exposed a nationwide malaise: the fierce competition for regional power among the country's small élite of a few hundred families and clans that control an inordinate amount of the national wealth - and the desperate...

Author: /time Magazine | Title: Behind the Philippines' Maguindanao Massacre | 11/27/2009 | See Source »

...whip snakes. But although this enclave bursts with color, the land beyond is becoming increasingly monochromatic. Massive palm-tree plantations are destroying Borneo's habitats. The proboscis-monkey population has dropped between 50% and 80% in the last three generations and now stands at about 7,000 across the island. Junaidi Payne, the chief technical officer of the WWF's Borneo Malaysia Program, says that we owe a moral responsibility to the animals. "The human species has come to a sorry, wretched and unsustainable state," he declares, "if the main reason to do or not do something is based...

Author: /time Magazine | Title: Monkey Business in Borneo's Rain Forests | 11/26/2009 | See Source »

...been worked over so thoroughly at Paramount that it was practically unrecognizable. "It had Bella as a track star," Hardwicke remembers. "Then there were FBI agents - the vampires would migrate south into Mexico every year, and FBI agents in Utah were tracking them. They ended up on an island chasing everyone around in jet skis." (See the top 10 Sundance film festival hits...

Author: /time Magazine | Title: It's Twilight in America: The Vampire Saga | 11/23/2009 | See Source »

Perhaps it's a case of life imitating bad art. In this year's mirthless Hollywood comedy Couples Retreat: Return to Eden, eight Americans attempt to recharge their foundering marriages by undergoing counseling on a tropical island. At about the same time the movie was disappointing U.S. audiences, a handful of Indian travel agents began pushing "divorce tourism" - package deals designed to help clients salvage their vows while getting away from it all. Six months ago, Viresh Hirjee, chief executive of KV Tours & Travels in Mumbai, pioneered the field by sending customers on holiday with marriage counselors...

Author: /time Magazine | Title: A New Indian Travel Fad: "Divorce Tourism" | 11/20/2009 | See Source »

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