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...sober French reaction marks how the nation has evolved towards a freer market system under European Union rules, even as it struggles to preserve parts of its vaunted welfare state. Over the past decade, millions of French citizens became first-time shareholders following a huge wave of privatizations, the bulk of them carried out in the late 1990s by a Socialist-led government. Meanwhile, once-modest executive compensation - long cited as proof of France's more egalitarian approach - has skyrocketed in recent years; in 2007 alone, pay for French top executives soared by an estimated 58%, according to the French...

Author: /time Magazine | Title: No Gloating in France on Finance Crisis | 9/23/2008 | See Source »

...Sept. 24, during the Diet's new session, Prime Minister Yasuo Fukuda - whose administration suffers from chronically low approval ratings, economic woes and gridlock in the Diet - will hand over the reins of government. Aso's rise signals the LDP's intent to reinvigorate its image and ride A wave of public support, typical for new prime ministers, into the general election. If those elections are held in late October as expected, Aso, 68, and his new Cabinet will have roughly one month to convince voters that the party is paying attention to their needs while it addresses contentious issues...

Author: /time Magazine | Title: Japan's Next Prime Minister: Taro Aso | 9/22/2008 | See Source »

...Memphis” thrives on fuzzed-out guitar and stuttering horns, and “Slapped Actress” succeeds through the dichotomy of delicate piano and a massive guitar line. In contrast, “Navy Sheets” suffers under the weight of up-front New Wave keyboards and “Both Crosses” sounds out of place with its theremin accents and banjo outro. However, the secret to the album’s strength isn’t its beefed-up sound, but rather Craig Finn’s comparably stripped-down lyricism, which...

Author: By Jeffrey W. Feldman, CRIMSON STAFF WRITER | Title: The Hold Steady | 9/19/2008 | See Source »

Larry Gross, executive director of the Los Angeles-based Coalition for Economic Survival, says as many as 12,000 units in the city will have subsidy contracts expire by 2013, most within the Section 8 program. "This is a tidal wave of disaster headed our way, unless we take emergency action," says Gross. "Most of these buildings are in areas that have gentrified over the years. [The landlords] see the dollar signs and think they can get more money...

Author: /time Magazine | Title: Low-Income Housing: Another Crisis Looming? | 9/19/2008 | See Source »

...vote in general elections scheduled for September 28. That would be the best result for the anti-immigrant far right in Austria since the same Freedom Party, then led by the charismatic Jörg Haider, won nearly 28% of the vote back in 1999, triggering a wave of European indignation that culminated in E.U.-imposed sanctions. Haider split from the Freedom Party and now leads the Alliance...

Author: /time Magazine | Title: Austria's Far Right on the Rise | 9/19/2008 | See Source »

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