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...stock market rose powerfully on Wednesday, with the Dow jumping 3.1% to 8,617 and the small-stock Russell 2000 index rising 3.9%. That's more than most bond funds return in a full year, and it was the best daily performance in the last three months for many market indexes, including the Dow and the S&P 500; the broad S&P index is up 6% this week alone...

Author: /time Magazine | Title: Despite the Economy's Struggles, Stock Market Soars | 7/16/2009 | See Source »

...India’s economy to return to the 9 percent growth it enjoyed in the 2007 and 2008 fiscal years, liberalization must continue. State control over public enterprise and limits to investment still create massive inefficiencies in the economy that prevent India from realizing its full potential. The Congress Government was overwhelmingly reelected on the promise of greater reforms and more growth—and they should have followed through on those promises in the budget. Having failed to do so, they cannot delay the reforms any longer. There are a billion people who should not have to wait...

Author: By Ravi N. Mulani | Title: A Budget to Forget | 7/15/2009 | See Source »

...eyeballs glazing over isn't surprising: glamorous these trade schools are not. But there's a good reason why Obama calls community colleges "one of America's underappreciated assets." They set up their alumni for about a 30% earnings premium compared to high school grads, give a 16% return on every dollar state and local governments invest in them and are one of the best tools we have to pull ourselves out of the recession. In short, as Obama noted at Macomb, "community colleges are an essential part of our recovery in the present and our prosperity in the future...

Author: /time Magazine | Title: Obama Pushes for More Aid to Community Colleges | 7/15/2009 | See Source »

...insisting on completing some 2,500 housing units currently under construction, excluding East Jerusalem from the freeze, and making it conditional. And Arab governments are reluctant to be seen to offer new "rewards" - such as allowing the opening of diplomatic facilities or overflight rights for commercial aircraft - in return for Israel's simply complying with its obligations under the 2003 "road map" for peace. Each side seems to doubt the seriousness of the other, and each will cite the other's reluctance to move forward as a reason to hold back themselves...

Author: /time Magazine | Title: Despite Jewish Concerns, Obama Keeps Up Pressure on Israel | 7/14/2009 | See Source »

...drugs and recklessness by pulling himself together and entering a life of public service to help the poor. The skinny kid from Managua who had punched his way out of poverty was never accused of being an intellectual, but he was thoughtful in his own way. He likened his return to the capital after years on the road to Marco Polo sailing home to Venice after traveling the world...

Author: /time Magazine | Title: How Politics Took Down Nicaragua's Boxing Champ | 7/13/2009 | See Source »

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