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A full three weeks before the July 31 deadline, there's little indication that the money needed to defuse the situation will be handed over. New Fabris was ordered into liquidation by a court in April, meaning its owners are in no condition to pay up. That's why workers...

Author: /time Magazine | Title: French Workers Facing Layoffs Threaten Explosive Action | 7/13/2009 | See Source »

The plan to close off Europe to managers or funds outside the E.U. that aren't subjected to equivalent regulation - a provision that would kick in three years after the rest of the legislation, giving jurisdictions and managers time to adapt - promises the most significant change. The E.U.'s approach...

Author: /time Magazine | Title: Should Hedge Funds Face Harsher Regulation? | 7/8/2009 | See Source »

"There are unhappy lottery winners, but generally if a poor person wins the lottery, they are a little happier with their life," noted Diener, who is known as "Dr. Happiness" for his foundational work in the field and who holds the aptly named Smiley chair in psychology at the University...

Author: /time Magazine | Title: The Science of Happiness Turns 10. What Has It Taught? | 7/8/2009 | See Source »

As an American and a Latina (a woman of Spanish-speaking, Latin American ancestry), I am outraged at the hurtful, opportunistic, and abusive insults recently leveled at Judge Sonia Sotomayor. Innocent remarks made by Judge Sotomayor about her wisdom and ability as a judge of Latino ancestry have been twisted...

Author: By Maritza I. Reyes | Title: Latina Experience and Wisdom Welcomed | 7/8/2009 | See Source »

Dru Gladney, a professor of anthropology at Pomona College in California and an author of numerous articles and books on the region, said it was particularly notable that Sunday's protests took place in Urumqi, where Uighurs make up a tiny proportion of the population. "Urumqi is the center of...

Author: /time Magazine | Title: China: At Least 140 Dead in Xinjiang Province Clashes | 7/6/2009 | See Source »

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