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...former leaders of the LTTE, who fed intelligence to the army and helped bring the eastern provinces under its control. They had spent their whole lives fighting for the destruction of the Sri Lankan state but are now ministers in Rajapaksa's government. They stood in the buffet line with everyone else, and then quietly sat down to discuss the afternoon's committee meetings over lunch. The real world may be less civil and much more complicated, but at this table there is room for everyone...

Author: /time Magazine | Title: Mahinda Rajapaksa: The Hard-Liner | 7/27/2009 | See Source »

...sales as much larger rivals, including Acer, have muscled in. The company posted its first quarterly loss in the last three months of 2008 after misjudging demand during the recession. "That was a lesson learned," says Asus chairman Jonney Shih, who is adjusting by shrinking the company's product line. Says HTC's Chou: "You're competing with giants like Apple and Nokia. You must really have something special...

Author: /time Magazine | Title: The Name Game | 7/27/2009 | See Source »

...1880s, some bomb went off in his brain. Ensor started experimenting with pencil drawing, teasing out a jittery, evaporating line that could dissolve form into boiling clouds of light. He applied it for a while to religious subjects weirdly poised between the sacred and the profane. Christ before an uncomprehending contemporary crowd was a favorite. That's also the subject of his most famous painting, Christ's Entry into Brussels in 1889. A cartoonish cacophony of marching bands and lurid faces, it's a mob scene straight out of South Park. (Unfortunately it's not included in the MOMA show...

Author: /time Magazine | Title: Skull and Bones: The Haunted Art of James Ensor | 7/27/2009 | See Source »

...This line of reasoning is most closely identified with Elizabeth Warren, a Harvard law professor and the current chairwoman of the congressionally appointed committee overseeing the Treasury's bailout efforts. In a 2007 article in the journal Democracy, Warren argued for what she called a Financial Product Safety Commission. But the idea isn't exclusive to her. Canada, which did not suffer the subprime woes of its southern neighbor, created a consumer financial agency in 2001. Australia and the Netherlands have taken the more ambitious step of consolidating all consumer and market oversight under one financial regulator while leaving soundness...

Author: /time Magazine | Title: Financial Aid | 7/27/2009 | See Source »

...firms won't bear. Products regulated by the Securities and Exchange Commission and Commodity Futures Trading Commission would be exempt from CFPA oversight, as would most insurance companies, which are regulated by the states. And while the CFPA would have authority over anyone extending credit to consumers, the first line of regulation for nonbanks such as mortgage brokers and check-cashing firms would remain the states. American Bankers Association chief executive Edward Yingling argues that because of this, the playing field would still be tilted in favor of the nonbanks, and he may be right. But it would at least...

Author: /time Magazine | Title: Financial Aid | 7/27/2009 | See Source »

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