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...fuel the boom, and those bills are coming due. On Oct. 26, the International Monetary Fund (IMF) announced a $16.5 billion bailout for Ukraine, to prevent a run on its banks and shore up its currency. Three days later, the IMF agreed with the World Bank and the European Union on a $25 billion rescue package to restore confidence in Hungary, which had seen its currency plunge in recent weeks. The IMF and European leaders are also worried that, if postcommunist economies collapse, the region could return to the kind of political turmoil it has only recently shaken...

Author: /time Magazine | Title: The Baltic Mourning After | 11/6/2008 | See Source »

...voters realized that treating animals better can be good for human health and the environment. They noticed that America’s organic farmers (and the retailers, like Whole Foods, that stock them) have already gone cage-free, and that the food safety-conscious European Union is following suit...

Author: By Lewis E. Bollard | Title: The Animals’ Election | 11/6/2008 | See Source »

...issued the Emancipation Proclamation effectively ending slavery and four decades after the assassination of Martin Luther King Jr. And it is even more astonishing for its decisiveness - Obama carried Virginia, once the home of the Confederacy, a place whose laws just five decades ago would have made the interracial union of his parents illegal. (See pictures of Barack Obama's family tree...

Author: /time Magazine | Title: What Obama's Election Really Means to Black America | 11/6/2008 | See Source »

...Hampshire's announcement comes as Utah and Massachusetts declared that they, too, plan to enact some of the commission's other proposals, such as universal Pre-K and better teacher pay and training. Still more states are expected to sign on in December. And the largest teacher union in the U.S., the National Education Association, is encouraging its affiliates to support such efforts...

Author: /time Magazine | Title: Should Kids Be Able to Graduate After 10th Grade? | 11/6/2008 | See Source »

Prompting celebration among conservative activists and dismay among proponents of gay rights, in Florida, 62% of voters cast their ballots in favor of Amendment 2, which also limits the legal definition of marriage to the union between "one man and one woman as husband and wife." The initiative, sponsored by the conservative organization Florida4Marriage, declares that "no other legal union that is treated as marriage or the substantial equivalent thereof shall be valid or recognized...

Author: /time Magazine | Title: Ballot Initiatives: No to Gay Marriage, Anti-Abortion Measures | 11/5/2008 | See Source »

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