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...growth of what's now often termed the shadow banking system of securitization and derivatives, which took over many of the responsibilities of banks but was not subjected to the same kind of risk controls or oversight. This process began in the 1970s, as the rigid New Deal approach of segmenting financial institutions into narrowly defined boxes began to crack under the pressure of inflation, globalization and floating exchange rates. The money market mutual fund, invented in 1971 as a way to get around federal limits on savings-account interest rates, was among the first of many innovations that undermined...

Author: /time Magazine | Title: While the Regulators Fiddled ... | 9/17/2008 | See Source »

...interactions with both these war criminals and victims made me realize that the press can only convey a portion of what these events really mean; they can’t capture all that lies behind the scenes. The media cannot escape a measure of abstraction however they approach these atrocities on the page or screen, as it isn’t until we come face-to-face with the people involved in the trials and statistics that we begin to comprehend the sheer scale of what has happened...

Author: By Nafees A. Syed | Title: Catching War Criminals | 9/16/2008 | See Source »

Whereas H-Bomb takes an artistic approach towards nudity, Diamond is “more vain”—a publication where the nudity does not have to be artistic to be enjoyable, Di Pasquale said...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Nude Mag Goes Live Online | 9/16/2008 | See Source »

...Jason Cohen, a psychiatrist in private practice, made the one hour, 40 min. drive Monday morning from Freehold, N.J. with the intention of offering counsel to dumbstruck employees. But after witnessing the scene unfolding on the sidewalk, he decided to hold back. "I don't have the heart to approach people carrying boxes out of their offices," he says...

Author: /time Magazine | Title: For Lehman Staffers, a Long Walk Home | 9/15/2008 | See Source »

...call "General O", spent 15 months as Petraeus's number two during the implementation of the surge. His new job will include advising the next President on if and when to pull out U.S. troops from Iraq. At a press conference earlier this year, he touted a "conditions-based" approach to withdrawal. When asked how he felt about a withdrawl timetable, he said, "we'll have to make an assessment to decide whether that's the right thing...

Author: /time Magazine | Title: General Raymond Odierno | 9/15/2008 | See Source »

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