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After the talk, I found myself wondering how these banks grew so large in the first place. In 1999, Congress passed the Gramm-Leach-Bliley Act, allowing retail banks (which accept deposits and issue personal loans), investment banks (which trade securities and manage corporate acquisitions), and insurers to merge. Subsequently, the pace of bank mergers accelerated, creating gigantic one-stop financial shops. When these banks teetered on the brink last year, Congress, fearing that their collapse would cause economic cataclysm, was forced to bail them...

Author: By Anthony P. Dedousis | Title: Too Big to Fail is Too Big | 11/19/2009 | See Source »

...Final Days of Greg Craig Obama needed to regain control quickly, and he started by jettisoning liberal positions he had been prepared to accept - and had even okayed - just weeks earlier. First to go was the release of the pictures of detainee abuse. Days later, Obama sided against Craig again, ending the suspension of Bush's extrajudicial military commissions. The following week, Obama pre-empted an ongoing debate among his national-security team and embraced one of the most controversial of Bush's positions: the holding of detainees without charges or trial, something he had promised during the campaign...

Author: /time Magazine | Title: The Fall of Greg Craig, Obama's Top Lawyer | 11/19/2009 | See Source »

...have to suppress those thoughts. You would be playing a really disjointed character if you were taking everyone's considerations. It's impossible to please everyone. As long as they know that you are working hard, as hard as you can, I think the actual fans of the book accept that and appreciate that...

Author: /time Magazine | Title: Q&A: Kristen Stewart | 11/18/2009 | See Source »

...German is an integral part of the story and resonates more powerfully with white audiences. "Germany is a developing country as far as racism is concerned," he says. "There is something close-minded and ill-at-ease about it. Germany is harboring more prejudices than it is ready to accept...

Author: /time Magazine | Title: Blackface Filmmaker Sparks a Race Debate in Germany | 11/18/2009 | See Source »

However the project goes forward, the findings bring to life a cautionary tale that has not always been remembered by subsequent generations. Like Napoleon's march into Russia, Cambyses' doomed campaign serves as perhaps the ultimate act of hubris, of a power-hungry monarch who refuses to accept the limits to his ambitions. While these 50,000 Persian warriors disappeared in the desert, Cambyses didn't fare much better. At the time, he was marching on a kingdom in Ethiopia, but provisions ran out beneath a scorching sun and his troops were forced to pick lots having divided into groups...

Author: /time Magazine | Title: The Vanished Army: Solving an Ancient Egyptian Mystery | 11/17/2009 | See Source »

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