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...bankers are likely to lose. In a speech on Wall Street on Sept. 14, the anniversary of the failure of Lehman Brothers, President Barack Obama warned the banking industry not to fight reform. "We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses," Obama said. The question is just how far G-20 leaders are prepared to go as they balance public rage with the need to keep their financial sectors vibrant...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...people of Dhaka, where another big flood-control project is planned. UN-HABITAT calls the Bangladeshi capital "the world's fastest-growing megacity." Located at the heart of one of the world's largest river systems, it is also one of the most flood-prone. One solution is the Dhaka Integrated Flood Control Embankment. Its two main aims are laudable: protect eastern Dhaka from the overflowing Balu river and, with a road running along its top, ease the city's mind-bending traffic jams. But the $350 million project is so ill-conceived it will actually worsen flooding, claims landscape...

Author: /time Magazine | Title: Treading Water | 9/28/2009 | See Source »

...infected children biting each other, saying simply, "I don't go there." I do not believe Jonas Salk ever told a questioner to talk to his hand. At the break, we left and got the largest, least organic burgers we could find. I didn't see anyone dying of heart failure, so I responded by getting the onion rings and fries...

Author: /time Magazine | Title: To Vaccinate or Not To Vaccinate | 9/28/2009 | See Source »

German Chancellor Angela Merkel won over German voters in a federal election on Sept. 27. Can she now be won over by a French charm offensive aimed at repairing the relationship that was once at the heart of Europe? That's the question being asked in Paris, where top government officials are openly talking about their desire to rekindle closer ties with their neighbors across the Rhine. Since the end of World War II the Franco-German relationship has been the motor of European integration, the driving force behind the creation of the European Union and, more recently, the introduction...

Author: /time Magazine | Title: Can France and Germany Fall in Love Again? | 9/26/2009 | See Source »

Nevertheless, those betting on Rio may take heart from the fact that the IOC appears to have skimmed over the Pan Am Games debacle. Rio's bid, which promises more such transport links and infrastructure projects, was described as "detailed and of a very high quality" by the games committee in its most recent report. Another upside is that Rio has a well-deserved reputation as one of the world's most stunningly beautiful and welcoming cities. The third upside is the one that Lula and Rio officials have been hammering home: that fair is fair; that this is South...

Author: /time Magazine | Title: Rio's Olympics Quest: Can It Handle the 2016 Games? | 9/25/2009 | See Source »

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