COVER
The New Liberal Order (United States)
The Obama presidency is just the beginning. Why shifting attitudes about government will make Democrats the ruling party for a generation
UNITED STATES
Change. What It Looks Like (The Transition)
With the election won, the Obama team faces the realities of governing. What the transition reveals about the kind of President Obama will be
SOCIETY
The Motherless Generation
With better wages and opportunities overseas, ever more women in the Philippines are making the wrenching choice to leave home — and their children — behind
GLOBAL BUSINESS
Pruning Season (Strategies)
Once key to wealthy investors' portfolios, hedge funds are taking big hits as markets plunge. The industry may never be the same
No Free Rides, Kid (Legacies)
For successful parents, leaving wealth to the next generation is easy. More difficult is passing to privileged children the values and traits that will help them lead productive, fulfilling lives
Looking for the Bottom (Global Investing)
Grim economic indicators — and history — suggest stocks have further to fall
BUSINESS
A Depressed Mood (Economy)
South Korea's faltering economy is bringing back memories of the 1997 financial crisis — and sinking the spirits of an entire nation
GLOBAL ADVISER
Opera Arias for Everyone (Curtain Raiser)
Opera lovers take heart — these days you can get great tickets for a song
Seeing New York, London and Hong Kong on a Shoestring (TIME Traveler)
Just because stocks are down, your spirits don't have to be. There's plenty of fun to be had that doesn't cost a penny, even in the world's most expensive cities
Great Greek Eats (Amuse-Bouche)
In Athens, all that famous rubble makes for some pricey tourist traps. But the city's love of fresh ingredients means that at least you can eat well on the cheap
Budget Holiday Travel Gift Guide (Gift Guide)
By shopping smart, cash-conscious Santas can stock their sacks for less
BRIEFING
The Moment
11|09|08: Beijing