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...other private pools of capital which may pose a systematic risk must be subjected to appropriate oversight or regulation," Merkel said in a summit statement. "A clear message and concrete action are necessary to engender new confidence in the markets and to put the world back on a path toward more growth and employment." (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Europe Calls for Tougher Rules on Global Markets | 2/23/2009 | See Source »

...United Auto Workers (UAW) took a major step toward fulfilling the terms of the federal loans doled out to automakers this winter. The union said Monday that it has reached a tentative agreement with Ford to accept some equity instead of cash to finance the special trust for retiree health care, known as the Voluntary Employees Beneficiary Association, or VEBA. (Read "UAW agrees to Concessions With Automakers...

Author: /time Magazine | Title: UAW Cuts Health-Care Deal with Ford | 2/23/2009 | See Source »

...Medicine has long fought two fronts in the battle against disease - in the research lab and at the bedside. The race toward a treatment for Alzheimer's has focused almost exclusively on research in psychopharmacology, immunology and gene therapy. But as patients and caregivers wait for a cure, the progressive, fatal condition continues to affect some 5 million Americans. Meanwhile, low-tech memory-enhancing devices like diaries, Post-It notes and portable cameras are used increasingly by Alzheimer's caregivers, leading some researchers to contemplate whether the consistent and comprehensive use of bedside solutions may actually slow the progression...

Author: /time Magazine | Title: Advances for Alzheimer's, Outside the Lab | 2/23/2009 | See Source »

...feel bad about. Instead, we should try to avoid accumulating too much vulgar privilege in the first place—a quantity that isn’t measured in crude indexes like money or education or employment, but in the degree to which our social behavior trends either toward humility or toward hierarchism...

Author: By Garrett G.D. Nelson | Title: Beyond Service | 2/23/2009 | See Source »

...being revived in conjunction with a new emphasis on the importance of charity in Christian life. Catholicism, with 67 million followers in the U.S., is big on formulaic repetition of the Hail Mary and "Our Father" variety. But the Vatican is starting to move away from that and toward, according to the church's Manual of Indulgences, a "greater zeal for the exercise of charity...

Author: /time Magazine | Title: Why Catholic Indulgences Are Making a Comeback | 2/22/2009 | See Source »

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