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...Obama administration’s proposed banking reforms include measures that will indirectly restrict the size of banks. Although this represents a step in the right direction, the president’s economic team has no plans to restore the wall between commercial banks, investment banks, and insurers. This means that the administration is overlooking an underlying cause of systemic bank risk...

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

Harvard clubs across the country face similar challenges. “Although membership has taken a little bit of a hit, we have ramped up programs with a myriad of events to generate interest among the members and potential members,” says Stanley P. Mark ’73, President of the Harvard Club of Seattle...

Author: By Nora A. Tufano, CONTRIBUTING WRITER | Title: End of the Old Boys Club | 11/19/2009 | See Source »

...However, although “Clumsy Girl”, “Down Under Boy”, and “Messy Hot Mess” don’t exactly live up to the Waldorfs and Van der Woodsens, Harvard and NYC do have their similarities...

Author: By NICOLE SAVDIE, CONTRIBUTING WRITER | Title: Spotted: Crimson Girl | 11/19/2009 | See Source »

...Congress gave it "sovereign immunity" to protect its flood-protection projects from that sort of lawsuit. So the suit focused on a canal called the Mississippi River Gulf Outlet, a classic Army Corps navigation boondoggle that was designed as a shortcut for ships to the Port of New Orleans - although ships rarely use it - and ended up instead as a shortcut for hurricanes. The plaintiffs argued that the so-called Mr. Go - which wasn't a flood-protection project, so theoretically it could be exempted from sovereign immunity - amplified and accelerated Katrina's surge. That happened to be true...

Author: /time Magazine | Title: Will the Katrina Ruling Prevent Another Disaster? | 11/19/2009 | See Source »

...Already, strategies are unfolding. French President Nicolas Sarkozy and German Chancellor Angela Merkel have agreed to support a joint candidate for the presidency, although they haven't named any names yet. The two leaders presented their plan as a way to bolster the French-German axis in the E.U., which is considered key to further European integration. But the move angered Eastern European and Scandinavian countries, which see it as an attempt to impose a two-state directoire on the E.U. The Benelux countries, meanwhile, are throwing their support behind their own Prime Ministers - Herman Van Rompuy of Belgium, Peter...

Author: /time Magazine | Title: An E.U. Election Without Candidates (or a Vote) | 11/18/2009 | See Source »

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