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...European Parliament and European Council, which represents national governments at the E.U. level - will almost certainly be amended. Sweden's Odell insisted the legislation was "a raw diamond that needs to be polished more." Myners, the British Minister, has vowed to "fight tooth and nail" to get the draft revised. Industry groups, meanwhile, have mounted keen lobbying campaigns. With nothing likely to enter into force before 2011, "there's one safeguard against it being introduced as it is," says AIMA's Baker. "It's mumbo jumbo...

Author: /time Magazine | Title: Should Hedge Funds Face Harsher Regulation? | 7/8/2009 | See Source »

...Prime Minister Taro Aso, Russia's President Dimitri Medvedev, U.K.'s Prime Minister Gordon Brown and the U.S.'s President Barack Obama in L'Aquila, the town hit by a horrific earthquake in April. But the G-8 summit is not, and never has been, the place to draft details on major policy initiatives. Rather, it is an opportunity to bring the big issues to the table, thus allowing the leaders to debate and deliberate them together. (See pictures of the deadly earthquake rocking Italy...

Author: /time Magazine | Title: The G-8 | 7/8/2009 | See Source »

WASHINGTON, D.C. — The Washington Nationals were counting on a match made in heaven when they picked Stephen Strasburg first overall in this year’s Major League Baseball amateur draft. On the surface, it was a no-brainer. Strasburg, who went 13-1 with a 1.32 ERA in his final season with San Diego State, was unanimously agreed to be the best player available; some experts even called the 20-year-old starter “the best pitching prospect ever.” By draft day, it was unthinkable that the first-picking Nats would...

Author: By Nathaniel S. Rakich | Title: Error to the Pitcher | 7/6/2009 | See Source »

Nathaniel S. Rakich ’10, a Crimson editorial editor, is a government concentrator in Cabot House. He would be OK with it if the Nationals decided to draft him next year...

Author: By Nathaniel S. Rakich | Title: Error to the Pitcher | 7/6/2009 | See Source »

...contrition he would utter three decades after 58,000 Americans had lost their lives in Vietnam. In their youth, they referred to the Vietnam conflict as "McNamara's war." Tens of thousands of them marched to protest against it in Washington, while thousands of young men burned their draft cards or fled to Canada to avoid the draft. One poured gasoline on himself outside McNamara's Pentagon window in 1965 and set himself ablaze, dying to protest the war. (Read a piece written for TIME by McNamara...

Author: /time Magazine | Title: Robert McNamara Dies: No Escape from Vietnam | 7/6/2009 | See Source »

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