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...Current Treasury Secretary Hank Paulson has already proposed a sweeping revamp of the financial regulatory structure. What hasn't really been answered yet - but could be by a new Administration - is whether we need an entirely new regulatory approach. Ever since Reagan took office, the approach has been to get out of the way and let financial markets work their magic. Now that it's clear just how much of this is black magic, there's a case to be made that financial innovation - especially when it's targeted at consumers - could do with much stricter oversight...

Author: /time Magazine | Title: The New President's Economy Problem | 5/15/2008 | See Source »

...campaign for kids' health in 1991 with the book Go, Go, LazyTown! It became a best-seller in Iceland, and other LazyTown-branded books, stage musicals and a 24-hour radio station soon followed. After 10 years establishing the brand in Iceland and Scandinavia, Scheving decided to approach Nickelodeon with the idea of a TV show. He wowed Nick exec Brown Johnson - now the network's president of animation - with an exhaustingly acrobatic pitch. "Magnus walked into the meeting on his hands. We talked for a while about the show and then he started to do mid-air splits...

Author: /time Magazine | Title: Kids' Show Makes Spinach Cool | 5/14/2008 | See Source »

...this dull, dazed look in my eyes,” Tan said. But already more than half done, the ladies couldn’t succumb yet.By the time the contestants reached Quincy, they were fading quickly, and a new rule was instituted: each is permitted to approach two strangers and ask them to take one bite out of her chickwich. Though both contestants hesitated to demand this favor of strangers, the thought of less chickwich ultimately won.DeSantis walked to the end of the dining hall and patiently explained her predicament.“Is this for some kind of experiment...

Author: By Jessica L. Fleischer, Jun Li, and H. Zane B. Wruble, CRIMSON STAFF WRITERSS | Title: Chickwich Challenge! | 5/14/2008 | See Source »

...that made the process of crisis management more open and transparent. Even so, Shen says, "in a country where the people are used to hearing lies and cover-ups from its government, there is a certain amount of time required for people to get used to the more open approach. The first reaction from some people is still to blame the authorities...

Author: /time Magazine | Title: China's Quake Damage Control | 5/13/2008 | See Source »

...thousands of Sunni detainees in Iraqi jails the National Accordance Front wants freed. But a new reality is emerging that may factor into the thinking of potential political allies the Prime Minister is courting: Maliki is looking more and more like a lame duck as October elections in Iraq approach...

Author: /time Magazine | Title: Maliki's Imperfect Makeover | 5/13/2008 | See Source »

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