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...jobs on the chopping block in Europe - 10% of AB InBev's total European workforce - may be a mere ripple compared with the tidal wave of layoffs around the world in the past year. But the proposed cuts - about a third of which would be in Belgium - follow the company's announcement of profits of $1.55 billion in the third quarter of last year. This has angered the Belgian unions, which are taking a stand against what they see as an affront to the country's beer-making tradition. "This is the ugly face of capitalism," says Roger Van Vlasselaer...

Author: /time Magazine | Title: Running Dry: Belgium's Looming Beer Crisis | 1/21/2010 | See Source »

...what may set the service apart is independent films. Alongside the rental program, YouTube is launching a program called "Filmmakers Wanted" that provides a platform for independent filmmakers to handle their own marketing and distribution via YouTube without relying on studios. According to the blog post that announced the plan, "They can decide the price of their videos and the rental duration; they can decide when and where their content is available; and they can keep 100% of their rights...

Author: /time Magazine | Title: YouTube's Next Venture: Movie Rentals | 1/21/2010 | See Source »

...Advocates of independent cinema say that low-cost option is sorely needed. "We are looking at what filmmakers need - and more and more, that means alternative distribution," Sundance director John Cooper told TIME. YouTube has already produced dozens of Internet stars. This new venture may end up launching the career of cinema's next great filmmaker...

Author: /time Magazine | Title: YouTube's Next Venture: Movie Rentals | 1/21/2010 | See Source »

...time, as a tourist, that an old man stopped you in the street just to say hello? In a time of overnight city breaks and sequestered spa retreats, shaking hands with old-timers in straw hats with names like Joao Baptista (who turns out to be the local historian) may seem like a simple pleasure, but it is an increasingly rare one. Then again, Ibo Island in the Indian Ocean off northern Mozambique is a very rare place. (See pictures of luxury private islands...

Author: /time Magazine | Title: Next Time You're in ... Mozambique | 1/20/2010 | See Source »

...Ozawa has had many run-ins with the Prosecutors Office over the course of his career, as have many of Japan's political élite. Last May, then DPJ president Ozawa stepped down from that post following the arrest of his top aide, Takanori Okubo, who is now on trial for accounting irregularities and illegal donations from a large construction company that allegedly wanted to win contracts in areas where Ozawa has political influence. Ozawa bowed to cries for his resignation from within the party just months before August's Lower House elections. That move, however, did not satisfy...

Author: /time Magazine | Title: New Scandal Hits Japan's Ruling Party | 1/20/2010 | See Source »

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