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...traders will likely remain tough to wow. According to a draft that Reuters obtained of a final statement written for Thursday's conclusion of the summit of European Union leaders in Brussels, resolutions have largely been limited to approving the rescue plan and coordinated strategies of eurozone nations, along with vague promises of help when the crisis-aggravated recession sets...

Author: /time Magazine | Title: Recession Fears Drive World Markets Starkly Downward | 10/16/2008 | See Source »

...this the moment the European Union's ambitious climate change agenda unraveled? At the end of the two-day E.U. summit in Brussels Thursday, European leaders congratulated one another on their bold bank rescue plans. But the mutual backslapping might have provided perfect cover for a retreat from their long-standing commitment to reduce Europe's overall CO2 emissions by 20% by 2020, compared to 1990 levels...

Author: /time Magazine | Title: Is Europe Backsliding on Climate-Change Targets? | 10/16/2008 | See Source »

...produces roughly 30% of Spain's bricks, and boasts the greatest concentration of brickworks in Europe. But right now, La Sagra's factories aren't making much of anything. "The warehouses are full," says Carlos Duque, general secretary for the Castilla-La Mancha branch of the construction workers' trade union MCA-UGT. "They just don't have anyone to sell...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

...Meanwhile, in a school district less than 100 miles to the south, teachers in Soquel, Calif., voluntarily agreed earlier this month to stop wearing their "Educate Obama" buttons after one parent, a McCain supporter, complained. And in Virginia, a teachers union was recently forced to defend an e-mail it sent in late September asking chapter leaders to "register two new voters or talk to two people who may still be on the fence." State Republicans attacked the memo, asserting that teachers were attempting to influence students' votes - an accusation the union denies. "Teachers hold an important and respected role...

Author: /time Magazine | Title: Classroom Politics: Should Teachers Endorse a Candidate? | 10/15/2008 | See Source »

...Limits placed on teachers during election season vary widely across the nation's 15,000 school districts. In New York, the ban on political pins now being contested has existed in some form or another for more than two decades, though union leaders say it has been rarely enforced. But on Oct. 1, schools chancellor Joel Klein used his monthly newsletter to principals at New York's 1,500 schools to remind them of the policy and warn that disciplinary action could be taken against staff who choose to ignore the rule, prompting the union to take legal action...

Author: /time Magazine | Title: Classroom Politics: Should Teachers Endorse a Candidate? | 10/15/2008 | See Source »

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