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...argument that better consumer protection will prevent the next collapse is no slam dunk. But better consumer protection is still a good idea! And the CFPA is a clear way to send a message that the economy is supposed to work for ordinary families. We should have a CFPA - and also size restrictions, stricter leverage rules and capital requirements, better regulation of complex derivatives, an orderly mechanism to wind down failing firms without bailouts and all the other elements of financial reform...

Author: /time Magazine | Title: The Case for a Consumer Financial Protection Agency | 2/17/2010 | See Source »

...enough to address the problem. "Look, I don't see these things as third rails anymore," he told TIME. "You literally crush our economy no matter if you try to tax or borrow your way out of [debt]. It's just that unsustainable. The sooner we acknowledge that, the better off everybody's going to be. That's why we have to get out of this political mess we're in, where everybody demagogues each other and nothing gets done because people are afraid to tackle these challenges...

Author: /time Magazine | Title: Paul Ryan: The GOP's Answer to the 'Party of No' | 2/17/2010 | See Source »

...Nevis, as Kaddy, the ebullient barman of Montpelier Plantation Inn, says, "the dining do mellow." And indeed, the exceptional choice of eating contained in just under 95 sq km is one of the reasons why it's so easy to bliss out on this lush, low-key Caribbean island. Better still, most of the produce is farmed and fished locally and the dining scene is constantly evolving. Here are four great places to check...

Author: /time Magazine | Title: Spoiled for Choice on Nevis | 2/17/2010 | See Source »

Since its birth in 1979, the IRGC has been the hardest of the hard core of Ayatullah Khomeini's Islamic revolution. It thrives in confrontation with the U.S. and Israel, and does even better when Iran is at war. The IRGC looks at the 1982-2000 war in Lebanon as its most glorious moment, when its proxy Hizballah forced the West and Israel out of Lebanon. It left Hizballah with the enviable reputation of being the only force in the Middle East to have beaten both the West and Israel. Not to mention that Hizballah is now the de facto...

Author: /time Magazine | Title: Why Sanctions Won't Beat Iran's Revolutionary Guards | 2/17/2010 | See Source »

...make us feel better to label the IRGC as a terrorist organization, but it's more instructive to look at things from the IRGC's perspective. It truly believes that its brand of asymmetrical warfare can defeat a modern, well-equipped force in a limited war. It did so in Lebanon, and given the right circumstances, it would do so in other parts of the Middle East. But the real point is that in a limited war with the U.S. and Israel, the IRGC could predominate, or at least wear us down to the point that we would decide...

Author: /time Magazine | Title: Why Sanctions Won't Beat Iran's Revolutionary Guards | 2/17/2010 | See Source »

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