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...capital-flight argument is similar to the businesses' objection to the 1977 Foreign Corrupt Practices Act, which outlawed overseas bribery. U.S. businesses would be at a competitive disadvantage, it was warned. Over time, though, America's example set a new global standard. Argues Baker: "There would be no net loss to the U.S. economy by eliminating secrecy. On the contrary, the more we can do to make the U.S. economy transparent, the more we can strengthen [it], and the more we will attract money from overseas...

Author: /time Magazine | Title: Why U.S. Law Helps Shield Global Criminality | 2/2/2010 | See Source »

What should Washington be doing? We need to do something about firms that are too big to fail. These firms have become loss transmitters and accelerators to the rest of the system. We need to distribute the risk, not concentrate it in a few very large players. There are a number of ways to do that...

Author: /time Magazine | Title: An Ex–Goldman Partner Lets Loose on Wall Street | 2/2/2010 | See Source »

...large and highly visible multinational corporation, Google has set an admirable example by risking financial loss in order to fulfill what it sees as its moral responsibilities. We hope that other major U.S. corporations in China—such as Microsoft, which has so far commented negatively on Google’s decision—will consider following Google’s lead...

Author: By The Crimson Staff | Title: Don’t Be Evil | 2/2/2010 | See Source »

...Romance is Boring,” is a bleaker, angrier record is no small statement. The transformation in emotional tone is partially rooted in the lyrics, which retain their visceral but heartfelt quality within an expanding thematic range. Encompassing anorexia, losing parents, meaningless sex, abuse, and loss of faith, as well as more well-trodden romantic territory, the topics at hand are far from cheerful. More than anything, though, the tonal shift comes down to the band further shedding their twee image for a noise-influenced, experimental, nearly anarchic sound foretold by guest appearances by members...

Author: By Daniel K. Lakhdhir, CRIMSON STAFF WRITER | Title: Los Campesinos! | 2/2/2010 | See Source »

...enough members to do it themselves. The burden to join in governing is greater - and the risks of opting out are greater yet." Indeed, health care reform, if it fails, will have been brought down not by Democratic divisions as it was in the early '90s but by the loss of their 60th seat - and with it, their filibuster-proof majority. No wonder that Obama, in his State of the Union speech, also addressed Republicans directly, telling them, "The responsibility to govern is now yours as well...

Author: /time Magazine | Title: Can Republicans Win Big as the Party of No? | 2/1/2010 | See Source »

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