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You talk about the need for a financial-products safety commission. What do you think of the proposal the Obama Administration has put out there? In the outline form we've seen so far, it looks like a good idea. But as I say in the book, if the thing...

Author: /time Magazine | Title: How Americans Got into a Credit-Card Mess | 8/8/2009 | See Source »

About 77,000 people have been sentenced for crack-related federal crimes since 1992, according to the U.S. Sentencing Commission, which sets federal sentencing guidelines. In 2008, over 80% of offenders sentenced that year were black and 10% were white. Among powder-cocaine offenders, over 52% were Hispanic, about 30...

Author: /time Magazine | Title: Will Crack-Cocaine Sentencing Reform Help Current Cons? | 8/7/2009 | See Source »

President Obama pledged in his campaign to abolish the disparity between penalties for powder and crack cocaine. Attorney General Holder called it "simply wrong" in a speech in Memphis last month. In April, Ricardo H. Hinojosa, the Sentencing Commission's acting chair, said there is "no justification for the current...

Author: /time Magazine | Title: Will Crack-Cocaine Sentencing Reform Help Current Cons? | 8/7/2009 | See Source »

But opposition lawmakers say this abrupt use of "brute force" against peaceful dissenters marks the end of Najib's brief honeymoon. "Saturday's message is clear...toe the line, or face brute force," says opposition MP Tian Chua. Jayasooria says the Prime Minister has not shown a respect for human...

Author: /time Magazine | Title: Why the Honeymoon is Over for Malaysia's New PM | 8/6/2009 | See Source »

An inquest is on-going and Najib has agreed to set up a Royal Commission of Inquiry but after the on-going inquest is over. The results of the inquest and inquiry are unlikely to stop the rising political temperature in the country.

Author: /time Magazine | Title: Why the Honeymoon is Over for Malaysia's New PM | 8/6/2009 | See Source »

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