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When the rich suffer, so do the poor. Or so goes the trickle-down theory. It turns out, though, that the spreading of global financial pain is far from simple. The microfinance industry, for instance, may be resistant to some of the volatility now plaguing financial markets. That's because those who borrow in small amounts from micro lenders often work on projects unaffected by large-scale global banking travails. Recent studies have confirmed the robust reliability of borrowers at the bottom end of the global income scale. The world's poorest are affected, though, by commodity price volatility...

Author: /time Magazine | Title: Microfinance Still Hums, Despite Global Financial Crisis | 12/3/2008 | See Source »

Children in highly developed countries suffer abuse and neglect much more often than is reported by official child-protective agencies, according to the findings of the first in a comprehensive series of reports on child maltreatment, published Dec. 2 in the British medical journal The Lancet...

Author: /time Magazine | Title: Study: Most Child Abuse Goes Unreported | 12/2/2008 | See Source »

...between 2000 and June of this year, researchers estimate that 4% to 16% of children are physically abused each year in high-income nations, including the United States, United Kingdom, Australia and Canada. As many as 15% are neglected, and up to 10% of girls and 5% of boys suffer severe sexual abuse; many more are victims of other sexual injury. Yet researchers say that as few as 1 in 10 of those instances of abuse are actually confirmed by social-service agencies - and that measuring the exact scope of the problem is nearly impossible. (See the Year in Health...

Author: /time Magazine | Title: Study: Most Child Abuse Goes Unreported | 12/2/2008 | See Source »

...adult life to which we are best suited. Those who allow anxiety or conventions to stifle those interests waste a significant portion of this opportune time, and may set off on a path to an unhappy future. For instance, if you’re ambivalent about economics but suffer through the concentration nonetheless, chances are that you will not enjoy the financial internship or job that your education might grant...

Author: By Olivia M. Goldhill | Title: The Vanity in Veritas | 12/1/2008 | See Source »

...Advani's move drew criticism from India's press, but the Congress Party may yet suffer. Results in New Delhi are awaited, while more elections follow later this week in Rajasthan and the vast central state of Madhya Pradesh. Defeats for the ruling party now would augur poorly for general elections, to be held next May. "We may take a beating," says Congress Member of Parliament Milind Deora, who represents the affluent South Mumbai constituency, which bore the brunt of the terrorist attacks last week. The ruling party replaced outgoing Home Minister Patil with the much-respected Finance Minister...

Author: /time Magazine | Title: Mumbai's Fallout: Will India's Government Survive? | 12/1/2008 | See Source »

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