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...Taming the Markets Regulators on both sides of the Atlantic are trying to limit abuses that led to the meltdown, such as the reckless issuance of subprime mortgages. In the U.S., the Treasury Department and lawmakers are seeking to bring greater transparency to the arcane world of financial derivatives by requiring the trading of them to be done through central clearing houses. Meanwhile, Trichet's group of central bankers wants banks to put up additional capital if they engage in especially risky types of financial market transactions. As the financial services industry braces for tougher oversight, it's keeping...

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

Beijing has cried foul to the World Trade Organization (WTO) after being whacked with a 35% U.S. tariff on Chinese tires in what some fear could lead to an escalating trade war. The U.S. argues that cheap imports were harming its tire industry; China has said it might limit U.S. auto and chicken imports in response...

Author: /time Magazine | Title: The World | 9/28/2009 | See Source »

There is a benign explanation for Wikipedia's slackening pace: the site has simply hit the natural limit of knowledge expansion. In its early days, it was easy to add stuff. But once others had entered historical sketches of every American city, taxonomies of all the world's species, bios of every character on The Sopranos and essentially everything else - well, what more could they expect you to add? So the only stuff left is esoteric, and it attracts fewer participants because the only editing jobs left are "janitorial" - making sure that articles are well formatted and readable...

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

...many too large houses, but try to split them up - as people did a century ago with those Victorian mansions - and you're sure to hear from the neighbors. In order to keep houses as single-family homes and ostensibly protect property values, zoning ordinances and neighborhood bylaws often limit the number of unrelated people allowed to live in one dwelling...

Author: /time Magazine | Title: Reinventing the McMansion | 9/28/2009 | See Source »

...Wisconsin and Sen. Dick Durbin of Illinois, along with Independent Bernie Sanders of Vermont, have proposed a bill known as the Justice Act, which would curb many of the sweeping powers of the Patriot Act. The bill would reauthorize the expiring Patriot Act provisions, but would add new limits: roving wiretaps could no longer target John Doe suspects and would require identification of the target. It would also leave in place the ability of the Foreign Intelligence Surveillance Court to compel document disclosure, but would limit that power to the records of people connected to terrorism or espionage. It would...

Author: /time Magazine | Title: Can Liberal Democrats Reform the Patriot Act? | 9/25/2009 | See Source »

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