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...worst of all, the pension crisis. "The LDP has begun to melt down," gloats Tsuyoshi Yamaguchi, a high-ranking DPJ member. A recent survey by the Yomiuri Shimbun newspaper pegged Abe's approval rating at an anemic 32%, and it's likely that the LDP and its ruling coalition partner, the New Komeito Party, will drop enough seats to lose control of the Upper House. The coalition would still remain in charge, thanks to its huge majority in the more powerful Lower House, but an increasing number of LDP legislators have been hinting that a big loss could mean...

Author: /time Magazine | Title: Fade to black? | 7/12/2007 | See Source »

...public stock offerings in Shanghai and Shenzhen, more than double the amount forecast at the start of the year. Remarkably, this makes it likely China will generate more IPO money in 2007 than any other major market in the world did in 2006. This year, says Richard Sun, a partner at PWC, only London is on a pace to outstrip the Chinese markets in total capital raised through IPOs...

Author: /time Magazine | Title: Echo Boom | 7/12/2007 | See Source »

...year in initial public offerings (IPOS), more than double the amount forecast at the start of the year. That makes it likely that China will raise more money in IPOs in 2007 than every other major market in the world did in 2006. This year, says Richard Sun, a partner at PwC, only London is on pace to outstrip the Chinese markets in terms of IPO money raised...

Author: /time Magazine | Title: China's Stock Market Mania | 7/6/2007 | See Source »

...such data help account for another Pew poll finding: opposition to gay marriage dropped from 65% in 1996 to 51% last year. The trend is heartening to gay activists who believe that as acts like Colorado's give gay and lesbian couples the opportunity to showcase their worth as partner-parents, the laws will help erode resistance to same-sex matrimony. "We now have a better chance to prove people's fears wrong," says Allen, 39, a painter. Ellen Kahn, family project director at Washington-based Human Rights Campaign, one of the nation's largest gay civil rights organizations, agrees...

Author: /time Magazine | Title: Gay Family Values | 7/5/2007 | See Source »

Equally important is the attitudinal change. The dictionary once defined a spinster as an unmarried woman above a certain age: 30. If you passed that milestone without a partner, your best hope was to be seen as an eccentric Auntie Mame; your worst fear was to grow old like Miss Havisham, locked in her cavernous mansion, bitter after being ditched at the altar. Not anymore. "We've ended the spinster era," says Philadelphia psychotherapist Diana Adile Kirschner, who has made single women a focus of her practice. "Women used to tell me about isolation, living alone, low level of activity...

Author: /time Magazine | Title: Who Needs a Husband? | 7/5/2007 | See Source »

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