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...guard for markets and participants that were creating unseen risks in the financial system. Last month, the House of Representatives passed a bill that would create a new agency to protect consumers and regulate products like mortgages and credit cards. Even the Independent Community Bankers Association, which has fought new regulations of the financial sector, says the government needs to do more to rein in the nation's largest banks...

Author: /time Magazine | Title: Bank CEOs Continue to Fight Financial Reform | 1/14/2010 | See Source »

...spat may be a minor compared to incidents in the past - the two countries fought a bloody border war in 1979, and in 1988 a naval battle near the Spratlys left 70 Vietnamese sailors dead. But it comes amid a steady buildup of Chinese might in the region. Ralf Emmers, an expert on the South China Sea and associate professor at the S. Rajaratnam School of International Studies in Singapore, says the Chinese tourism gambit is a move "to make its sovereignty claims over these islands a fait accompli." Vietnam watchers point to an escalation of tensions since...

Author: /time Magazine | Title: China and Vietnam: Clashing Over an Island Archipelago | 1/14/2010 | See Source »

Pity poor Yemen. Three armed conflicts are being fought in the nation that hugs the southwestern corner of the Arabian Peninsula: there is a separatist insurgency in the south and a fight between the mostly Sunni government forces and Shi'ite rebels in the north, while in the east, home of Osama bin Laden's ancestors, the local affiliate of his network is plotting to undermine the government of President Ali Abdullah Saleh...

Author: /time Magazine | Title: How Dangerous Is the Cleric Anwar al-Awlaki? | 1/13/2010 | See Source »

...bigger scare is how hard fought the contest became. Even if Coakley wins comfortably now, this past week was a major warning shot for vulnerable members who will surely have taken note at the amount of investment and energy it took to retain the seat. This is Massachusetts, after all, where both Senators, the governor, all 10 congressional members and a large majority of the state legislature are Democrats. It doesn't get much bluer than the Pilgrim State. In other words, whatever happens, the big takeaway from the race will be: If Teddy's seat isn't safe...

Author: /time Magazine | Title: Could the Democrats Lose Kennedy's Senate Seat? | 1/12/2010 | See Source »

...Thai government began forcibly repatriating more than 4,000 ethnic Hmong to their native Laos on Dec. 28, despite expressions of concern from the U.N. and foreign governments and pleas from the refugees, who say they face persecution at home. The Hmong fought on the side of the U.S. in the conflicts that ravaged Southeast Asia in the 1970s, and a handful of rebels are still waging an insurgency against Laos' communist government. Although 158 deportees are legitimate refugees, as declared by the U.N., Bangkok refused to continue providing them asylum. Some 300,000 Hmong have fled to Thailand since...

Author: /time Magazine | Title: The World | 1/11/2010 | See Source »

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