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...course, another way to make ends meet is to reduce spending. For Teri Austin, the mother of a newborn when her husband lost his advertising-agency job in February, that means eliminating the family's monthly mortgage payments by selling their Richmond, Va., home and moving into her parents' house near Los Angeles. To make matters worse, their Richmond house has lost so much value, the only option appears to be a short-sell to a bank or foreclosure. (See how Americans are spending...

Author: /time Magazine | Title: As Men's Job Losses Mount, Wives Feel the Impact | 7/8/2009 | See Source »

...fallout from financial meltdown wasn't enough, there's another stiff challenge facing the world's investment-fund industry. Only this time it's from Brussels. Fresh E.U. proposals would require hedge funds, private equity and a host of other alternative investment funds to meet tougher regulation before they can market to investors in the region. The legislation - tabled for discussion in late April in an effort to shore up investor protection while reducing risk - has attracted growing criticism. London-based AIMA, a global hedge-fund industry group, calls proposed disclosure requirements bureaucratic. Kinetic Partners, a consultancy...

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

...both Zelaya and provisional Honduran leader Roberto Micheletti had agreed to Arias' involvement, called on "all parties to refrain from acts of violence" - on Sunday a teenaged Zelaya backer was shot dead by soldiers - "and to seek a peaceful, constitutional and lasting solution." Zelaya and Micheletti say they'll meet together with Arias on Thursday in San Jose, Costa Rica...

Author: /time Magazine | Title: Clinton Pushes Honduran Foes to Negotiations | 7/8/2009 | See Source »

...into the specific dos and don'ts, that they understood the framework and the concept behind it. And the concept behind it is that although you are still authorized to use close air support when you need to - and I lay out some very specific conditions that they must meet to do that; we don't take it away because there are those unique conditions where you need to do it, and I am not going to put the force in a position where they don't have those available when those conditions arise - but, in this case...

Author: /time Magazine | Title: TIME's Interview with General Stanley McChrystal | 7/8/2009 | See Source »

...course, by 11 a.m. on Monday, Italian newspaper Corriere della Sera had run a story on the alternate plan in the works: If the quakes become too angry, the heads of state will just meet in Rome (Wow, original idea! I’m really glad after two weeks someone finally came up with that). However, it’s 24 hours before the summit starts and the plan remains the same: Everyone get in your helicopter and get your very important tush up to an irritable fault line...

Author: By Sofia E. Groopman | Title: Berlusconi’s Hubris | 7/7/2009 | See Source »

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