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...wane as economies developed and globalized. As part of that evolution, financial trading began spanning borders and generating previously unimaginable transactions through highly-leveraged and complex derivatives - all within a virtually unregulated atmosphere that national governments couldn't manage to police. Sarkozy and his European partners hope that the Nov. 15 summit can come up with a scheme of common rules governing global finance - with the IMF possibly acting as the world regulator. Not everyone is optimistic that will happen...

Author: /time Magazine | Title: Muted Hopes for Global Finance Summit | 10/23/2008 | See Source »

Convincing George W. Bush to host a global summit on reforming the world's crisis-stricken financial system, set for Nov. 15, was the easy part. But now French President Nicolas Sarkozy and other like-minded leaders have to get Washington's free-market advocates to subscribe to what they consider a vital regimen of new regulations. Despite the scary lessons of the last two months, that is almost certain to prove considerably more difficult...

Author: /time Magazine | Title: Muted Hopes for Global Finance Summit | 10/23/2008 | See Source »

...when he defeated Republican Greg Davis to win Wicker's vacated seat, and his apparent advantage in their upcoming rematch has been described as a metaphor for GOP problems this fall. After gaining 31 House seats in 2006, Democrats are poised to capture perhaps 10 to 20 more on Nov...

Author: /time Magazine | Title: Blue Dog Democrats on the Prowl | 10/23/2008 | See Source »

...Tuesday, Nov. 4, we will be selecting our next President. Here's my question: Why Tuesday? If your answer was, Because that's the way we've always done it, you'd be right. We've been doing it that way since 1845, and the murky reasons for it are that nobody wanted to vote on the Sabbath and voters needed time to travel by horse and buggy. But I've long thought--as have many others--that holding an election on a workday is undemocratic and makes it difficult for people to fulfill their signal act of civic participation...

Author: /time Magazine | Title: Closing In on Election Day | 10/23/2008 | See Source »

...Alexei Chijoff-Evans in the doubles draw. Over the course of the six day event, the eastern universities’ top contenders competed at Yale University’s Cullman-Heyman Tennis Center in an attempt to qualify for the ITA National Intercollegiate Indoor Championships scheduled to be held Nov. 6-9. As its title suggests, this championship is the most prestigious collegiate tournament held each fall. With his wins yesterday, Clayton has secured himself a spot both in the singles and doubles events at Nationals. In the process, Clayton erased sour memories of his poor performance last week...

Author: By Nico S. Theofanidis, CONTRIBUTING WRITER | Title: At Northeast Regionals, Clayton Finishes at the Top | 10/22/2008 | See Source »

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