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Malpartida, known as "Dynamite" to her fans, is the World Boxing Association's female super featherweight champion. On June 20, she successfully defended her world title in Lima against a Brazilian opponent, Halana dos Santos. She drew a packed house for the bout, which was a feat of its own. The tickets were costly in a country where the monthly minimum wage is around $200 and the venue seemed better suited for a circus than an international title fight as vendors hawked caramel apples and cotton candy instead of beer and pretzels. TV ratings, however, define the story in immense...

Author: /time Magazine | Title: In Peru Sports, Men Bumble, And Women Shine | 7/3/2009 | See Source »

...Smash CDs followed, and his collaboration with Lionel Richie on the single and video "We Are the World" sold 7.5 million copies in the U.S. and raised more than $60 million for famine relief in Africa. He wowed 'em at the Super Bowl and with spectacular concert tours whose special effects never overwhelmed the slender dude with the gentle demeanor, dervish footwork and nonpareil showmanship. If you were a star in the '80s, you'd want to be Michael Jackson...

Author: /time Magazine | Title: The Battle Over Michael Jackson's Legacy | 7/2/2009 | See Source »

...Echoing a call made by Zhou Xiaochuan, its governor, in March, China's central bank advocated a new global reserve currency in its annual financial-stability report released last Friday. Raising concerns of a move away from the dollar as the world's reserve, the proposal for a "super-sovereign" coin nudged down the greenback vs. a host of major currencies. That may have been a tad more impact than Zhou was seeking: with something like two-thirds of China's roughly $2 trillion of foreign-currency reserves held in dollars, the lower a buck goes, the less China...

Author: /time Magazine | Title: Outlook for U.S. Dollar Darkens | 7/2/2009 | See Source »

...almost all of the activity is among the lowest-priced homes. In May, sales of houses under $300,000 (for the D.C. suburbs, that's low-priced) jumped 41%, as compared to the same month last year. Sales of houses $300,000 and above, meanwhile, dropped by 26%. The super-high-end is particularly grim. At the rate houses worth more than $700,000 have been selling, it will take three-and-a-half years to get rid of the existing inventory. And that's not including new houses that come onto the market. (See pictures of Americans in their...

Author: /time Magazine | Title: Home Sales Perk Up, but Expensive Houses Languish | 7/1/2009 | See Source »

...always presents a particular challenge, since riding the cotton pony is nobody's favorite topic of conversation. (Unless you count some feminist academics.) Menstruation remains, if not taboo, then still pretty damn awkward to talk about. Hence the number of euphemisms this story employs. (See the best and worst Super Bowl commercials...

Author: /time Magazine | Title: The New Tampon Ad: What If Men Used Them? | 6/30/2009 | See Source »

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