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...oversight. When a court struck down Donaldson's hedge fund registration rule, Cox announced that the SEC would not seek to appeal the ruling - he took the same no-appeal tact when a court shot down an SEC effort to make mutual funds appoint independent chairman. On the other hand, certain types of enforcement - like cases against companies that backdated stock options - have flourished under Cox. And now he's a loud supporter of regulating the $58 trillion credit default swap market that helps companies insure against defaults on their debt - but also links financial institutions together in dangerously opaque...

Author: /time Magazine | Title: How Much is the SEC's Cox to Blame? | 9/23/2008 | See Source »

...avoided the kind of risky, subprime mortgage-related investments that have crippled financial firms in the U.S. and Europe. Fitch Ratings figures that at mid-year Asian banks accounted for only 6% of the total losses on subprime investments at the world's banks. (European banks, on the other hand, were responsible for 47%.) Even those financial institutions that carried some exposure - like Japan's Mizuho Financial Group, which has reported subprime-linked losses of more than $6 billion through June - are considered strong enough to ride out the storm. Jesper Koll, Japan director for Singapore-based Tantallon Capital, says...

Author: /time Magazine | Title: How Asia's Bankers Avoided Crisis | 9/22/2008 | See Source »

...voting in this election. I can't vote for the McCain-Palin ticket in good conscience, due to their stand on issues that are dear to me, but I can't vote against either. Too many sacrifices have had to be made by women for me to take a hand in keeping the first woman from holding the second highest national office. Gibbs is right: I "don't want to see her fall." Joanna Ramos, NICOSIA, CYPRUS...

Author: /time Magazine | Title: Introducing Sarah Palin | 9/22/2008 | See Source »

...even for those who do have one) there is an implicit mission inherent in attending the world’s greatest university: to sate one’s intellectual curiosity. No minor administrative hurdles and no trivial commute should stand in the way, no matter what the subject at hand...

Author: By Samuel H. Lipoff | Title: Whither Accounting? | 9/22/2008 | See Source »

...expected to become the nation's next Prime Minister. On Sept. 24, during the Diet's new session, Prime Minister Yasuo Fukuda - whose administration suffers from chronically low approval ratings, economic woes and gridlock in the Diet - will hand over the reins of government. Aso's rise signals the LDP's intent to reinvigorate its image and ride A wave of public support, typical for new prime ministers, into the general election. If those elections are held in late October as expected, Aso, 68, and his new Cabinet will have roughly one month to convince voters that the party...

Author: /time Magazine | Title: Japan's Next Prime Minister: Taro Aso | 9/22/2008 | See Source »

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