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...more than 40% in the poorer neighbor-hoods that exploded in bitter rioting last fall. His plan: a "first employment contract" that allows employers to fire workers under the age of 26 within two years of their hiring, without cause and with no obligation to shell out France's hefty severance payments. Making it easier to get rid of unsatisfactory workers, the government believes, will help employers overcome their reluctance to hire young people in the first place. The law's critics say it will promote tenuous jobs and make it even harder for young people to find steady employment...

Author: /time Magazine | Title: Advance and Retreat | 3/19/2006 | See Source »

...chronic and debilitating youth unemployment, which stands at 22%--and at more than 40% in the poorer banlieues that exploded in rioting last fall. The new law allows employers to fire workers under age 26 within two years of hiring them-- without cause and with no obligation to shell out severance payments. Making it easier to fire workers, the government believes, will help employers overcome a reluctance to hire them in the first place...

Author: /time Magazine | Title: Letter From Paris: The Revenge of the Not-So-Radicals | 3/19/2006 | See Source »

...remains the oldest evidence of cremation ever found. The ocher-covered bones of the world's oldest known ritual burial, Mungo Man, were discovered in 1974, and since then more than 150 human burials - most of them more than 10,000 years old - have been unearthed, as well as shell-strewn middens, hearths and the bones of extinct megafauna. Webb, professor of Australian Studies at Bond University, has studied the area for more than 20 years. "I've traveled all over Australia," he says, "and I don't know of anywhere that even comes up to the ankles of this...

Author: /time Magazine | Title: Secrets of the Dunes | 3/19/2006 | See Source »

...arrive on the scene were the value players, who saw in the crash the opportunity to find treasure. And diamonds there were aplenty; after all, Japan has a massive and highly sophisticated economy. Some of the early successes in recovery, such as Nissan, and Shinsei Bank, created from the shell of the bankrupt Long-Term Credit Bank, served to create an inkling of confidence. Companies began to clean house. Entire sectors of the economy were reorganized. Twenty steel businesses became four; nearly two dozen banks became three. Then China's explosive growth and a rebound in the U.S. kicked...

Author: /time Magazine | Title: It's Morning in Japan | 3/13/2006 | See Source »

...arrive on the scene were the value players, who saw in the crash the opportunity to find treasure. And diamonds there were aplenty; after all, Japan has a massive and highly sophisticated economy. Some of the early successes in recovery, such as Nissan, and Shinsei Bank, created from the shell of the bankrupt Long-Term Credit Bank, served to create an inkling of confidence. Companies began to clean house. Entire sectors of the economy were reorganized. Twenty steel businesses became four; nearly two dozen banks became three. Then China's explosive growth and a rebound in the U.S. kicked...

Author: /time Magazine | Title: It's Morning in Japan | 3/12/2006 | See Source »

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