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Word: doneness (lookup in dictionary) (lookup stats)
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...that libertarian thing was, when all is said and done, just an adjective; Safire was a true conservative, and a partisan one too, biffing in print, and not always fairly, political opponents from Bert Lance to Hillary Clinton. He was a cheerleader for some of the more outlandish justifications for the Iraq war, like the supposed link between al-Qaeda and Saddam Hussein, though commentators like David Corn - a former Washington editor of the Nation - delighted in pointing out that the Times' reporting in its news pages had the habit of undercutting the claims that Safire was advancing as fact...

Author: /time Magazine | Title: William Safire: Pundit, Provocateur, Penman | 9/28/2009 | See Source »

...also an emerging consensus on the need for banks to hold more capital and for their appetite for risk to be curtailed. But bigger issues are at stake too, ones that are more political and philosophical in nature: Should any bank be too big to fail? What should be done with financial activities that seem purely speculative and of questionable social use? How can the short-term, get-rich-quick mentality that drove so much market activity before the crash - and inflated those bonuses - be curbed? Is there a place for morality in the world of finance? (See the financial...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...Atlantic are trying to limit abuses that led to the meltdown, such as the reckless issuance of subprime mortgages. In the U.S., the Treasury Department and lawmakers are seeking to bring greater transparency to the arcane world of financial derivatives by requiring the trading of them to be done through central clearing houses. Meanwhile, Trichet's group of central bankers wants banks to put up additional capital if they engage in especially risky types of financial market transactions. As the financial services industry braces for tougher oversight, it's keeping its fingers crossed. "There's a lot of wariness about...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...Fixing Those Bonuses Almost everyone thinks something should be done to curb big paydays for bailed-out bankers, but solutions are elusive. Finance Ministers of the G-20 nations earlier this month agreed that bonuses should be more clearly tied to performance, but Britain and the U.S. resisted demands by France and Germany to have them capped. Sensing the prevailing political winds, some bankers are already moving to forestall draconian new rules. The Dutch banking association announced that its members have agreed to cap bonuses and severance pay. And in France, bankers have been so frequently called to the Elys...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...America that tries - as the parks' architects also did - to unite people in connection with the heartbreakingly gorgeous land they share. Lyricists write about purple mountains' majesty for a reason: these vistas inspire introspection and humility. Maybe this film could do what town halls and presidential addresses haven't done - encourage us to debate what our country should be, and what makes America beautiful, without getting ugly...

Author: /time Magazine | Title: National Parks: a Case for Big Government | 9/28/2009 | See Source »

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