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...proper government and regulatory scrutiny can guard against a repeat of the recent crisis. But in the event of a disaster on a similar scale, "you're never going to get a fund big enough to cover all that," says Simon Maughan, a banking analyst at MF Global in London. "The taxpayer is always going to be the backstop. So why not improve the situation today by paying down the fiscal deficit instead of pretending you have an insurance fund...

Author: /time Magazine | Title: In Europe, a Tax on Banks Gains Momentum | 3/26/2010 | See Source »

...standards, Enron is a gamble. With 22 actors, it has a much larger cast than the typical play. It has numerous sets, a handful of musical numbers and three lurking, red-eyed velociraptors to represent Enron's hidden debt, among other props. The play has gotten rave reviews in London, and the director Rupert Goold, who is staying with the Broadway production, won London's Evening Standard award for best director. But the producers decided to replace the cast when they brought the play to New York. All that has driven up the budget for the play, which will probably...

Author: /time Magazine | Title: Will Enron Play on Broadway? | 3/25/2010 | See Source »

According to Friedman, having two women care for a baby boy may cause his little brain to internalize the idea that there are multiple females to meet his needs. "It introduces him to the concept of the other woman," he said in London's Daily Telegraph. He explicates the relationship in his book The Unsolicited Gift: Why We Do The Things We Do, which explores how a mother's love for her offspring can determine how those children behave as adults. (See a brief history of the Tiger Woods scandal...

Author: /time Magazine | Title: Do Nannies Really Turn Boys into Future Adulterers? | 3/25/2010 | See Source »

...Katherine Smeddle and has just been awarded a Michelin star. A recent meal had the rewarding combination of surprise (cannelloni of hare) and comfort (roast rib eye of beef in red-wine sauce). But the all-round experience is the real joy. (See 10 things to do in London...

Author: /time Magazine | Title: After a Day of Golf, Scotland's Peat Inn | 3/25/2010 | See Source »

...pictures of London...

Author: /time Magazine | Title: After a Day of Golf, Scotland's Peat Inn | 3/25/2010 | See Source »

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