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...calls for greater oversight and regulation. Much of the outrage is directed at bankers who earned huge bonuses by taking outsized risks with complex financial instruments, only to walk away scot-free when their bets went awry, plunging the world into crisis. Bonuses are just one aspect of the larger issue of moral hazard that has been raised over the past year, as governments and central banks have spent tens of billions of dollars of taxpayers' money to rescue financial institutions whose recklessness in the name of short-term profiteering is at the root of the trouble...

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

...festival has another mission, beyond showing left-leaning films to left-leaning audiences. It wants the world to know that Hollywood's Oscar season does not begin at the much larger Toronto Film Festival, held a week later than Venice. It starts right here. Clooney's Goats, a kooky satire about U.S. soldiers in Iraq who've been trained as "psychic spies," is unlikely to get much attention at the Academy Awards; nor is Cage's work in Werner Herzog's Bad Lieutenant: Port of Call New Orleans, though the star's intensity as a ? cop deranged by painkillers...

Author: /time Magazine | Title: Venice Film Festival: Films with a Mission | 9/28/2009 | See Source »

...foundation has been working to address some of these issues; for example, it is improving the site's antiquated, often incomprehensible editing interface. But as for the larger issue of trying to attract a more diverse constituency, it has no specific plan - only a goal. "The average Wikipedian is a young man in a wealthy country who's probably a grad student - somebody who's smart, literate, engaged in the world of ideas, thinking, learning, writing all the time," Gardner says. Those people are invaluable, she notes, but the encyclopedia is missing the voices of people in developing countries, women...

Author: /time Magazine | Title: Is Wikipedia a Victim of Its Own Success? | 9/28/2009 | See Source »

...ISRO now wants to land a craft on the moon by 2013 and has reaffirmed its commitment to sending a mission to Mars by 2015. ISRO wants to garner a larger share of the increasingly competitive commercial satellite launch market. On Thursday, it launched six European and Turkish satellites from its Polar Satellite Launch Vehicle. "[The] returns, in terms of the science, the technology, inspiration, stature, prospects for international cooperation... are immense," K. Kasturirangan, former ISRO chairman who conceived Chandrayaan-I, told TIME before the launch. It doesn't hurt that the country's celebrating...

Author: /time Magazine | Title: Water on the Moon Buoys India's Space Program | 9/26/2009 | See Source »

...work of just one artist: Guatemalan Luis Gonzáles Palma.The exhibition, “Hierarchies of Intimacy,” will run through October 25. “Intimacy” is presented as one cohesive collection, but is actually divided between small, sepia-toned images and much larger color digital prints. The Kodalite photographs of the former category, mounted on peeled gold leaf on top of bright red paper, exude a sense of intimacy. In contrast, Palma’s digital photographs feel artificial. The surrealist elements Palma is known for including in his art are integrated well...

Author: By Kristie T. La, CONTRIBUTING WRITER | Title: Palma Exhibition Fails to Make Cohesive Statement | 9/25/2009 | See Source »

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