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...demands for the head of Citigroup (C) CEO Vikram Pandit have not ended and may rise to a crescendo again if the bank receives poor "stress test" ratings from the federal government. The drumbeat of dissatisfaction about Ken Lewis, head of Bank of America (BAC), has gone on for months. Recently, proxy advisory RiskMetrics/ISS Governance Services recommended that the financial firm's shareholders vote Lewis...

Author: /time Magazine | Title: In Favor of Not Firing Bank CEOs | 4/20/2009 | See Source »

...Yesterday, the story of an HIV-infected mother bringing up her daughter in dirt-poor KwaZulu Natal. In 2007 came Bunny Chow, a hip black-and-white comedy about three comedians traveling to a festival that recalled early Spike Lee. Last year featured Jerusalema, a sophisticated thriller about the rise and fall of a Johannesburg slumlord - a kind of South African American Gangster - which made its star, Rapulana Seiphemo, the new face of South African cinema. Later this year Seiphemo teams up with Tsotsi's Nkosi in White Wedding, a road movie that, with impressive maturity, plays apartheid's legacy...

Author: /time Magazine | Title: South African Film: Beyond Black and White | 4/20/2009 | See Source »

...With Japan's unemployment rate on the rise - it reached a three-year high of 4.4% in February - the government is frantic to find solutions to stanch the flow of job losses and to help the unemployed. The virtual collapse of Japan's export-driven economy, in which exports have nearly halved compared to the first two months of last year, has forced manufacturers to cut production. Temporary and contract workers at automotive and electronics companies have been hit especially hard. Hamamatsu has 18,000 Brazilian residents, about 5% of the total in Japan, and is home to the nation...

Author: /time Magazine | Title: Japan to Immigrants: Thanks, But You Can Go Home Now | 4/20/2009 | See Source »

...something has to give. Hong Kong's population of 7 million is aging fast. In 2008, 12% of the population was over the age of 65; by 2036, that number will rise to 26%. The city's death rate has doubled since 1970, leaving the entire funeral industry scrambling to cope with the rising demand. The government is installing more efficient cremators, but today bodies must be stored in morgues - often two to a compartment - for as long as two weeks before cremation can be completed...

Author: /time Magazine | Title: In Hong Kong, Even the Dead Wait in Line | 4/20/2009 | See Source »

...travel abroad. When will this take effect?" a voice from the auditorium demanded. Schabowski, after taking a quick look onto his notes through his frameless glasses, haltingly replied: "That is ... as far as I'm aware ... it is right now, immediately." (See TIME's photos of the rise and fall of the Berlin Wall...

Author: /time Magazine | Title: Berlin Wall: Was the Fall Engineered by the GDR? | 4/19/2009 | See Source »

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