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...managers or funds outside the E.U. that aren't subjected to equivalent regulation - a provision that would kick in three years after the rest of the legislation, giving jurisdictions and managers time to adapt - promises the most significant change. The E.U.'s approach is understandable. If you want to protect European investors, it's no good regulating domestic fund managers if those selling to investors from outside the region aren't obliged to respect similar rules. But while U.S. efforts are underway to bolster the policing of hedge funds - and the meaning of equivalent regulation is still to be defined...

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

Doctors are quick to say that much of the 30% of excess health-care spending is on "defensive medicine" - providing extra care in an effort to avoid malpractice liability - but De Brantes counters that the Prometheus model creates budgets based on clinical-practice guidelines that, if followed properly, help protect providers against malpractice claims...

Author: /time Magazine | Title: Cutting Health-Care Costs by Putting Doctors on a Budget | 7/6/2009 | See Source »

...northern Afghanistan, on June 23. They were the latest casualties of a war that has claimed the lives of 35 German soldiers. At the memorial, senior Cabinet ministers went on the defensive, pledging that German soldiers would stay in Afghanistan. "We're in Afghanistan because we have to protect the security of German citizens in Germany," said Defense Minister Franz Josef Jung. But that message is hard to sell in Germany. A recent poll by the Forsa Institute found that 61% of Germans want their troops out of Afghanistan...

Author: /time Magazine | Title: Germany Ups Terrorism Alert Before Election | 7/6/2009 | See Source »

...keep Russia's artisanal traditions alive. Earlier this year the Russian government announced that it would buy $28.4 million worth of nesting dolls (called matryoshka in Russian), lacquered dishes, crocheted shawls, felt caps and other quintessentially Russian knickknacks to bolster the industry and try to protect the livelihoods of some 30,000 workers at around 240 companies. (See pictures of Russia celebrating Victory...

Author: /time Magazine | Title: Trying Times for Russia's Nesting Dolls | 7/5/2009 | See Source »

...marriage an institution that still hews to its old intention and function - to raise the next generation, to protect and teach it, to instill in it the habits of conduct and character that will ensure the generation's own safe passage into adulthood? Think of it this way: the current generation of children, the one watching commitments between adults snap like dry twigs and observing parents who simply can't be bothered to marry each other and who hence drift in and out of their children's lives - that's the generation who will be taking care of us when...

Author: /time Magazine | Title: Is There Hope for the American Marriage? | 7/2/2009 | See Source »

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