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...Financial reform, like health care reform, is truly complex. It's hard to explain controversies over pre-emption or end users or proprietary trading; as another Wall Street lobbyist puts it, "Americans don't care whether Morgan Stanley keeps its prop desk." Obama knows he has little chance to transform the system if regulatory reform gets bogged down over health-care-style intricacies. The good news for Obama is that nobody claims our financial oversight is the best in the world. He may have a chance for reform if he can boil it down to one simple question...

Author: /time Magazine | Title: Can Bashing the Banks Help Obama? | 1/28/2010 | See Source »

Better Off Ted •second pre-emption of by an Obama press conference prompts brilliantly satirical response by the producers of that you won't fully appreciate unless you're watching the show, which you're probably not but definitely should...

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 5/1/2009 | See Source »

...More states are also passing laws to override a loophole - known as a pre-emption - that prevents cities and local municipalities from passing more restrictive laws than the state. It's just getting harder to refute the scientific evidence; in a study done in Scotland several months after that nation instituted a ban on smoking in public places, researchers found that following the ban, bar patrons showed stronger lung capacity and reduced levels of inflammation (a red flag for a number of chronic diseases, including heart disease and asthma). "We made it pretty clear that the science on this...

Author: /time Magazine | Title: New Dangers of Secondhand Smoke | 6/28/2007 | See Source »

Given the chaos that a war might unleash, what options does the world have to avoid it? One approach would be for the U.S. to accept Iran as a nuclear power and learn to live with an Iranian bomb, focusing its efforts on deterrence rather than pre-emption. The risk is that a nuclear-armed Iran would use its regional primacy to become the dominant foreign power in Iraq, threaten Israel and make it harder for Washington to exert its will in the region. And it could provoke Sunni countries in the region, like Saudi Arabia and Egypt, to start...

Author: /time Magazine | Title: The Plan for War Against Iran | 9/17/2006 | See Source »

...sequel to 9/11 on Bush's watch. It was just his bad luck that success in counterterrorism grabbed few headlines, since plots stifled at conception are nonevents in news terms. Moreover, the key point of his national-security strategy turned out to be correct. It was just that pre-emption had been used against Iraq when it should have been saved for Iran...

Author: /time Magazine | Title: The Nation That Fell To Earth | 9/3/2006 | See Source »

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