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...Congressman Paul Kanjorski, a Democrat from Pennsylvania who heads up the House of Representatives subcommittee that oversees Fannie and Freddie, backs a plan that would break up the firms into as many as 15 smaller companies. As with public utilities, he thinks the government could regulate what these firms could charge and how much they could make. That would limit the risk-taking and excess use of leverage that caused the two firms to collapse. "I think it would be bad for the mortgage market to get rid of them completely," said Kanjorski, who also spoke at the conference...

Author: /time Magazine | Title: The Future of Fannie and Freddie: Chief Says Government Ownership Is Bad | 6/19/2009 | See Source »

...incorporated a new type of cognitive behavioral therapy, based on the autism connection, which aims to broaden the narrow thinking routines of people with anorexia. "We try to get them be more flexible," she says, "They want to have these rigid habits and we try to get them to break out of that and see the bigger picture...

Author: /time Magazine | Title: A Genetic Link Between Anorexia and Autism? | 6/19/2009 | See Source »

...France that even the legislators railing against it are unable to say how many Muslim women in the country actually wear one. All Gerin would say was, "There are more and more of them, not only in big cities, but in rural settings as well ... We have to break the silence of this country's political leaders on the matter...

Author: /time Magazine | Title: Will France Impose a Ban on the Burqa? | 6/19/2009 | See Source »

...take over and wind down non-banks, most over-the-counter derivatives would be forced onto exchanges, and capital requirements would be ratcheted up across the financial system. But the current alphabet soup of regulatory agencies would remain mostly in place, and there will apparently be no effort to break up too-big-to-fail financial institutions or cordon off risky financial activities from essential ones (as the Glass-Steagall Act attempted...

Author: /time Magazine | Title: Is Obama's Financial-Reform Plan Bold Enough? | 6/18/2009 | See Source »

...will send a debris plume as high as 6.2 miles (10 km) into space and the LCROSS itself, trailing four minutes behind, will fly through it. As it does, its instruments will analyze the chemistry of the plume, looking particularly for water ice, hydrocarbons and other organics that will break down as they are exposed to their first flashes of sunlight in billions of years. Shortly after that, the LCROSS, too, will complete its suicide plunge, smashing into the ground just miles from the first impact site...

Author: /time Magazine | Title: U.S. Shoots for the Moon, This Time to Stay | 6/18/2009 | See Source »

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