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Washington commissions and hearings are often yawn-inspiring affairs. But this one, officially called the Financial Crisis Inquiry Commission (FCIC), could trigger some fireworks in part because of the severe damage caused by the financial-industry meltdown. What's more, the commission's chair Phil Angelides, a Democrat and former California state treasurer, has already come out swinging against Wall Street, calling the bonuses financial firms are planning to hand out soon for last year "unjustifiably wrong." So it's no real surprise that the first ones to be in the hot seat are the bankers themselves. (See pictures...

Author: /time Magazine | Title: Hearings to Begin on Causes of Financial Crisis | 1/11/2010 | See Source »

...member of the faculty at HBS from 1985 to 2000—has authored more than 100 scientific papers, and written, co-written, or edited five different books. In 1973, Jensen co-founded the Journal of Financial Economics, and in 1994, he co-founded and eventually came to chair Social Science Electronic Publishing...

Author: By Tara W. Merrigan, CRIMSON STAFF WRITER | Title: HBS Professor Receives Award for Financial Economics Research | 1/8/2010 | See Source »

...Federal Government could enforce the new national rules, but this would require creating a sizable new regulatory bureaucracy, even though one already exists at the state level. The states don't want that to happen. If the federal bureaucrats assumed regulatory control, says Sandy Praeger, Kansas' insurance commissioner and chair of the health insurance and managed care committee of the National Association of Insurance Commissioners, "we'd just be left to mop up the mess. We wouldn't have any authority, but we'd just deal with all the consumer complaints. That, to me, is the worst-case scenario...

Author: /time Magazine | Title: What Health Care Reform Means for the States | 1/8/2010 | See Source »

...There was the fruitful encounter in the chair in Juno, and the time we almost went all the way with him on a couch in Nick & Norah's Infinite Playlist. We would have done it in Superbad if vomit hadn't been an issue. And now, in Miguel Arteta's uneven but occasionally quite funny Youth in Revolt (an adaptation of C.D. Payne's successful mid-'90s book Youth in Revolt: The Journals of Nick Twisp), we watch as Cera, by way of a devilish alter ego he calls François Dillinger, engages in criminal acts in hopes that...

Author: /time Magazine | Title: Youth in Revolt: Michael Cera and His Evil Twin | 1/7/2010 | See Source »

...Steven Cash, a former CIA intelligence officer and a co-chair of the D.C. Bar Association's Committee on National Security Law, Policy and Practice, believes that the Administration made the right decision in taking Abdulmutallab's case to federal court. "The argument that trying someone in a civilian court is a show of weakness is frankly outrageous," he says. "It is what we are proudest of and where our strength comes from...

Author: /time Magazine | Title: How Should America Try Terror Suspects? | 1/7/2010 | See Source »

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