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...simpler the better. I first encountered this argument last fall in the work of left-leaning blogger Matthew Yglesias--he advocated "crude measures" like the old ban on interstate banking. Lately, though, I've been hearing similar suggestions from those of a conservative, University of Chicago bent. "When you give a lot of discretion to regulators, they don't use the tools that are given to them," Chicago economist Gary Becker said at a conference this spring. His prescription: rules, not leeway...

Author: /time Magazine | Title: Dumbing Down Regulation: The Quest For Simpler Rules | 7/6/2009 | See Source »

...Outside the Sergiyev Posad monastery, the women selling nesting dolls are also skeptical about the industry's future. "The government's plans rarely help," says Yelena (who declined to give her last name), a handicrafts vendor along the souvenir strip. As the women sitting in their lawn chairs nearby nod their heads in agreement, she adds, "If they really want to help, they should increase our pensions." If Russia's handicrafts industry collapses, a 120-year-old tradition could begin to fade and pensions could be all that these women - and thousands of dollmakers - have left...

Author: /time Magazine | Title: Trying Times for Russia's Nesting Dolls | 7/5/2009 | See Source »

...time when the U.S. and Canada are pouring tens of billions of dollars into General Motors Corp. to give the bankrupt automaker a new lease on life, why is Mexico flying under the radar...

Author: /time Magazine | Title: Canada Spends Big to Save GM, So Why Not Mexico? | 7/3/2009 | See Source »

Most mammals, Cassandra explained, eat their placentas, to which I countered that most dogs eat their poop. I stopped arguing there, figuring that like many of Cassandra's hippie ideas - the compost bin, rubbing lemon on her underarms instead of deodorant - she'd give up on this in a few weeks. Even as the due date approached and she was still set on eating her placenta, I couldn't imagine that she'd remember to request it from the doctor after the most physically draining experience of her life. This is a woman who, 9 times out of 10, forgets...

Author: /time Magazine | Title: Afterbirth: It's What's For Dinner | 7/3/2009 | See Source »

...come into close contact with suspected cases - while certain hot spots, like London and Glasgow, abandoned the containment strategy. "The truth of the matter is, either you should get it now or try to avoid getting it - you can't have it both ways. It's so easy to give a glib representation of ignorant parents who are acting hysterically," she told the Independent...

Author: /time Magazine | Title: Swine Flu in Britain: Nothing to Party About | 7/3/2009 | See Source »

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