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In Sacramento, Schwarzenegger and Republican legislators have blocked all attempts by Democrats to cover any portion of the $26 billion shortfall with a tax increase. Tuition has more than doubled at the University of California in the past decade, rising to more than $8,700 for in-state students in...

Author: /time Magazine | Title: California's Crisis Hits Its Prized Universities | 7/18/2009 | See Source »

The 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...

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

After a number of months of relative calm, the likely CIT bankruptcy serves as a reminder that a number of issues of the financial crisis have yet to be resolved. Among the things that analysts and economists are still worried about are the hundreds of billions of dollars in commercial...

Author: /time Magazine | Title: In CIT Woes, Some See Restart of Financial Crisis | 7/16/2009 | See Source »

Yet many in the human-rights community doubt the will of the government to solve the murder of one so committed to unearthing crimes committed by the Kremlin. For Medvedev, Estemirova's killing represents a twofold problem. It brings into ever-increasing doubt the claims he made when elected last...

Author: /time Magazine | Title: Killings of Russia's Human-Rights Activists Continue | 7/16/2009 | See Source »

Worthless is precisely what the entire New Fabris plant will be become, warn the firm's 336 former employees, if their demands aren't met by July 31. Dozens of gas canisters have been strung around the factory in the central town of Châtellerault, and fears are rising...

Author: /time Magazine | Title: French Workers Facing Layoffs Threaten Explosive Action | 7/13/2009 | See Source »

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