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...this make you think the Obama reforms even approach in significance and forcefulness the changes made back then. In the early days of the Roosevelt Administration, Congress set up the Securities and Exchange Commission and charged it with strictly regulating markets, split banks from investment banks with the Glass-Steagall Act, created the Federal Deposit Insurance Corp., and enacted all manner of other game-changing financial reforms. It's not just that the Obama reforms are less ambitious than those of the Great Depression. They're also inspired by a very different interpretation of what went wrong. In the 1930s...

Author: /time Magazine | Title: Is Obama's Financial-Reform Plan Bold Enough? | 6/18/2009 | See Source »

...requirements would be ratcheted up across the financial system. But the current alphabet soup of regulatory agencies would remain mostly in place, and there will apparently be no effort to break up too-big-to-fail financial institutions or cordon off risky financial activities from essential ones (as the Glass-Steagall Act attempted...

Author: /time Magazine | Title: Is Obama's Financial-Reform Plan Bold Enough? | 6/18/2009 | See Source »

Berger's eagerly anticipated new venture, Donald's, will be a four-story glass-and-open-air lakeside extravaganza, and is set to open later this summer with a wine room, oyster bar and multinational menu. It looks like the French Quarter's monopoly on fine dining has been lost. "Hanoi has grown so fast," agrees Berger. "We're now really the center...

Author: /time Magazine | Title: Go West, Young Chef | 6/17/2009 | See Source »

...Those who voted for Mr. Mousavi. Those who are creating unrest. Those who break glass, smash windows, and vandalize. Those who threaten people. It is not the right thing to defend these people," said Adel, a former parliament speaker...

Author: /time Magazine | Title: Thousands Rally Again in Streets of Iran's Capital | 6/16/2009 | See Source »

...only taken three or four spoonfuls of my meal when I heard gunfire," says Khan, lying in a hospital bed. "We all quickly fell to the ground. The firing intensified. I moved quickly inside, into the glass room on one side of the roof, thinking it would be safer. But when the explosion happened, bits of glass came flying from everywhere." Khan's head is thickly wrapped in bandages, as are two fingers on his left hand. He lifts his shirt to reveal scars on his back. But the hotel staff cooking for the rooftop diners and entertaining them with...

Author: /time Magazine | Title: Peshawar: More and More, A City Under Siege | 6/11/2009 | See Source »

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