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...have banks stress-testing all the time, so there is a cost-benefit analysis to be done," says Martin Bailey, who was a chairman of the Council of Economic Advisers under President Clinton and is a senior fellow at the Brookings Institution. "But if you can make the tests efficient, then I think they should become a part of the arsenal of regulation, particularly of the larger financial institutions...

Author: /time Magazine | Title: Is It Time to Plan Another Round of Stress Tests? | 5/18/2009 | See Source »

Except Boyle's dream was gloriously resurrected. Ashton and Demi, king and queen of the Twitterati, tweeted about her, but she could not know this, since she has neither a cell phone nor a computer. All she knows is that there are now photographers camped outside her council house and she's been invited on Oprah and somehow she has made hard people quit sneering...

Author: /time Magazine | Title: Do-It-Yourself Heroes | 5/18/2009 | See Source »

...John Paul, Benedict came of age in one of the Holocaust's European slaughterhouses, and many expected that the Bavarian, like the Pole, could turn his somber history into a special authority for combatting anti-Semitism and pursuing the pro-Jewish reforms the church enacted at the Second Vatican Council in 1965. But he hasn't done so. Instead, says David Gibson, the (Catholic) author of The Rule of Benedict: Pope Benedict XVI and His Battle with the Modern World, "here's a Pope who grew up under the Nazis, who witnessed this whole thing, a man with such...

Author: /time Magazine | Title: Pope Benedict on the Question of Judaism | 5/18/2009 | See Source »

...Inauguration, Barack Obama made his campaign pledge to close the U.S. detention facility at Guantánamo Bay, Cuba, into an Executive Order. Quickly, the prison's backers made a new pitch: Why not house some of those 240 detainees at Two Rivers? On April 21, Hardin's city council passed a resolution to entice the detainees its way, saying it could provide a "safe and secure environment, pending trial and/or deportation...

Author: /time Magazine | Title: The Montana Town That Wanted to Be Gitmo | 5/18/2009 | See Source »

...Andrea R. Flores ’10 is a history concentrator in Currier House and president of the Undergraduate Council...

Author: By Andrea R. Flores | Title: We Are Harvard | 5/17/2009 | See Source »

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