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When do you think the salaries of female basketball players will begin to approach the salaries of male players? Anne Kenefic JAMESTOWN...
...only our financial regulations were dumber! It's not a cry you hear often. But phrased a little differently, it may be the most cogent criticism of the convoluted regulatory approach of recent decades--and one that applies to most of the Obama Administration's financial-reform proposals...
...spin this into a case for reduced regulation--regulators are likely to mess up, so why bother? But it can also point toward an approach based not so much on discretion as on rules, the simpler the better. I first encountered this argument last fall in the work of left-leaning blogger Matthew Yglesias--he advocated "crude measures" like the old ban on interstate banking. Lately, though, I've been hearing similar suggestions from those of a conservative, University of Chicago bent. "When you give a lot of discretion to regulators, they don't use the tools that are given...
...1980s and early 1990s. There's no hint of them in the Administration's 88-page white paper on financial regulation. There is talk of higher capital requirements, tougher consumer-protection standards and new rules for derivatives. But taken as a whole, the document sketches a regulatory approach that still relies heavily on judgment and smarts. Maybe it's time for some dumbing down...
Aware of the danger, McChrystal has made the protection of civilians the central tenet of his new approach to fighting the Taliban, even going so far as to limit the use of aerial bombardment to the most extreme circumstances - a turnabout for U.S. ground forces that have grown dependent on air support. McChrystal has also declared - in a soon-to-be-released tactical directive - that soldiers should hold their fire if there is even the slightest risk of a civilian presence in the target zone. "Suppose the insurgent occupies an enemy home or village and engages you from there with...