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Paulson's suggested regulatory revamp addresses this issue, sort of, by calling for the creation of a Conduct of Business Regulatory Agency with the sole responsibility of making financial businesses behave decorously. Far more catchy and to the point, though, is Harvard law professor Elizabeth Warren's year-old proposal--which Hillary Clinton has recently begun talking up on the campaign trail--for a Financial Product Safety Commission. It would be modeled on the Consumer Product Safety Commission, which keeps exploding toasters off the market. Such a body might stand in the way of financial innovation. But for consumers, that...

Author: /time Magazine | Title: Holding Back the Flood | 4/3/2008 | See Source »

...Elizabeth Edwards, a political advocate and the wife of former North Carolina senator and presidential aspirant John Edwards, will be one of three additional spring visiting fellows, officials at the Institute of Politics (IOP), officials at the IOP announced yesterday. The two other fellows are Vaira Vike-Freiberga, former president of Latvia, and Andrew White, head of the Foundation for Relief and Reconciliation in the Middle East. Edwards, an attorney, took on a high-profile role in her husband’s 2008 presidential campaign, calling for more attention to be paid to children’s issues...

Author: By Chelsea L. Shover, CRIMSON STAFF WRITER | Title: Elizabeth Edwards To Be IOP Fellow | 4/3/2008 | See Source »

...creation of the exhibit involved many hours of meticulous labor in order to restore the creatures and prepare them for display. The failure of the original glue used to hold the models together after over a century was one of the largest obstacles the organizers faced. The MCZ hired Elizabeth Brill, a glassworker, to clean the models and repair glue failures, reattaching separated fragments.Ford also notes that the MCZ did not clean with any solvents because some of the detailing on the models consisted of materials such as paint and egg whites that would surely be destroyed in the process.Additionally...

Author: By Athena L. Katsampes, CONTRIBUTING WRITER | Title: Glass Sea Creatures Emerge Out of Deep Storage | 4/3/2008 | See Source »

...study has found that money does indeed bring happiness—spending money on other people, that is. Authored by Harvard Business School professor Michael I. Norton and Elizabeth W. Dunn ’99, a psychology professor at the University of British Columbia, the report used a combination of real-life and laboratory data to conclude that people who give money to others—no matter how little—are happier than people who do not. “We were interested in studying happiness by seeing people’s actions rather than their circumstances...

Author: By Hyung W. Kim, CONTRIBUTING WRITER | Title: Giving Money Brings Joy | 4/2/2008 | See Source »

...realized, the shoes with which to make an entrance at a dinner party being held in Shanghai in honor of the late Salvatore Ferragamo. Were he to have seen them, the "Shoemaker of Dreams," as he was known when he was crafting platforms and slippers for Hollywood icons like Elizabeth Taylor and Marilyn Monroe would doubtless have spun in his grave, fast enough to power the lights of the Bund, Shanghai's luxury strip...

Author: /time Magazine | Title: Sole Train | 4/2/2008 | See Source »

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