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...great forces of human nature: self-interest and caring for others. Capitalism harnesses self-interest in a helpful and sustainable way but only on behalf of those who can pay. Government aid and philanthropy channel our caring for those who can't pay. And the world will make lasting progress on the big inequities that remain - problems like AIDS, poverty and education - only if governments and nonprofits do their part by giving more aid and more effective aid. But the improvements will happen faster and last longer if we can channel market forces, including innovation that's tailored...

Author: /time Magazine | Title: Making Capitalism More Creative | 7/31/2008 | See Source »

...yuen, implored the casino operators to promote Macanese to higher managerial positions. Backed by Beijing, Ho is also putting the brakes on Macau's casino boom. In April, he froze the issuance of new gaming concessions and imposed a moratorium on new casino projects, beyond those already in progress. In July, Macau's government announced it would tighten visa restrictions for mainland tourists, halving the maximum length of their stay from 14 days to seven and requiring special approval to enter Macau via Hong Kong. The Macau police said the changes would help prevent potential mainland criminals from committing crimes...

Author: /time Magazine | Title: Split Personality | 7/31/2008 | See Source »

...slowly herd them into permanent housing. With its emphasis on tangible gains and more rigorous data, it might as well be called No Transient Left Behind. And it has proven hugely popular with local politicians, like San Francisco mayor Gavin Newsom, who can boast about their measurable, if small, progress...

Author: /time Magazine | Title: Defining 'Homelessness Down' | 7/30/2008 | See Source »

...like every liberal event I've ever been to, the breakfast began by having us go around the room and talk about ourselves. I used the time to play L.A. bingo, which I won when every single person used at least one of the following words: activist, conserve, screenwriter, progress, environment, producer or filmmaker. Then I figured we'd be asked to give money for something or hold hands across America, but instead it turned into a weird kind of show-and-tell. A few people gave long presentations, but everyone was given one-minute slots to talk about projects...

Author: /time Magazine | Title: Activism, Hollywood-Style | 7/23/2008 | See Source »

...while Bulgaria showed some reformist zeal in the run-up to joining the European club, momentum quickly slipped once Sofia was in, despite repeated warnings from Commission officials that lack of progress could hurt funding. This proves that "E.U. membership is no magic bullet, " says Diana Kovatcheva, Bulgarian head of anti-corruption group Transparency International. "The lack of administrative and management capacity and political will to undertake substantive anti-corruption measures hamper their success and enforcement." In the past, wayward new members have avoided punishment because Brussels' attention has slipped. The Commission's new tougher approach will establish whether punishment...

Author: /time Magazine | Title: Brussels Beats Up On Bulgaria | 7/23/2008 | See Source »

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