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...Sarkozy set high expectations for the summit by calling for the "moralization of financial markets" and a wider push to "re-found the capitalist system." When he and Bush announced the agreement for the summit, the French President envisioned a new regime to prevent "those who have led us to where we are today from being allowed to do so once again." Bush's emphasis was elsewhere: he talked of common rules to "preserve the foundations of democratic capitalism, (and) the commitment to free markets, free enterprise and free trade." So which will...

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

...sell to emerging nations. "Lots of countries in Africa, Asia, Middle East, and South America are going to say, 'these are reactions to your problems created by your systems - why should we listen to anything you say now?'," Lannoo says. "The challenge isn't just finding ways to prevent future excess, but also to convince nations like China and India to agree to turn off the music and quiet down when they've only just arrived at the party...

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

...first cuts since 2002. In mid-October, the State Council announced plans to increase infrastructure spending, to offer tax rebates for exporters and to boost government-controlled prices for agricultural products. Beijing is also widely expected to introduce measures to resuscitate the faltering property market, in an attempt to prevent a U.S.-style crash in home prices. The government announced on Oct. 22 that it would waive taxes on certain property deals to spur flagging sales...

Author: /time Magazine | Title: How Will China Weather the Financial Storm? | 10/23/2008 | See Source »

...phenomenon that's at work when you feel the fabled runner's or exerciser's high, and it's also one of the things that makes a post-workout massage particularly satisfying. For people whose workouts lead to neck and back pain - or whose existing neck and back pain prevent them from exercising at all - massage has answers...

Author: /time Magazine | Title: Just What the Doctor Ordered: A Massage | 10/22/2008 | See Source »

Recalling her article “Russia’s Recipe for Empire,” however, Toft said she agreed with Polyakov that Russia wanted to prevent Georgian unity in order to preserve its own influence over the region...

Author: By Ellen X. Yan, CONTRIBUTING WRITER | Title: Biases Emerge At Pundits' Discussion | 10/22/2008 | See Source »

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