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Dates: during 2000-2009
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...year ago today, the venerable investment-banking firm Lehman Brothers filed for bankruptcy protection after the Federal Reserve and the Treasury Department pointedly refused to bail the company out, and no other Wall Street outfit was willing to step into the breach. It was the largest bankruptcy ever in the U.S., but the really big news was what happened afterward. First came a financial panic that threatened to shatter the global capitalist order, then came an unprecedented, and unprecedentedly expensive, effort by governments on both sides of the Atlantic to patch things...

Author: /time Magazine | Title: Three Lessons of the Lehman Brothers Collapse | 9/15/2009 | See Source »

...official figures. Earlier this year, they petitioned the National Institute of Statistics and Geography to include the Afro-Mexican population as a separate category in the next census, in 2010. Official statistics do not recognize blacks as a separate ethnic group (56 indigenous groups are officially accredited, the largest ones being the Nahuatl and the Maya, numbering more than 2 million each). As a result, Afro-Mexicans say they have been left out of institutional programs and are without a cultural identity. The group Mexico Negro A.C. is linking with similar Afro-descendant organizations in Latin America that have achieved...

Author: /time Magazine | Title: Blacks in Mexico: A Forgotten Minority | 9/15/2009 | See Source »

...losses. The idea of an economy of worker cooperatives may seem utopian, and the notion of using the tools of modern finance to do so absurd. But Bloom and his mentor at Lazard, Eugene Keilin, helped prove it possible—and did so with no less than the largest airline in the nation: United...

Author: By Dylan R. Matthews | Title: Common Equity | 9/14/2009 | See Source »

...government of Pakistan, and the average Pakistani citizen, looks at Iran as a friendly nation," Pakistan's Deputy Foreign Minister, Malik Amad Khan, told TIME in an interview. After Iran, Pakistan has the second largest Shi'ite Muslim population; its 33 million Shi'ites constitute nearly double the number in Iraq. Before the 1979 Islamic revolution, both countries were members of the anti-Soviet CENTO security pact, and despite the Islamic Republic's aggressive anti-U.S. stance, Pakistan became one of the first countries to recognize Ayatullah Khomeini's regime. (See the top 10 players in Iran's power...

Author: /time Magazine | Title: Iran Sanctions: Why Pakistan Won't Help | 9/14/2009 | See Source »

...Last month, A.Q. Khan briefly emerged from his hillside villa in Islamabad after the Lahore High Court lifted restraints on his movement. (Those restrictions have since been discreetly reimposed.) Unrepentant about his role in leading the world's largest proliferation network, Khan appeared in a rare television interview to cheer Iran's nuclear program. "If Iran succeeds in acquiring nuclear technology, we will be a strong bloc in the region to counter international pressure," Khan told the interviewer. "Iran's nuclear capability will neutralize Israel's power," he added, adopting the pan-Islamist rhetoric that has endeared him to conservative...

Author: /time Magazine | Title: Iran Sanctions: Why Pakistan Won't Help | 9/14/2009 | See Source »

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