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...very different interpretation of what went wrong. In the 1930s the overarching idea was that Wall Street had been very naughty and needed to be put in the penalty box - for good. This time the animating spirit behind the changes seems to be that regulators let a lot of things slip through the cracks, so there's a need both to give them some new tools and exhort them to do better. (See award-winning pictures of the fallout from the financial meltdown...

Author: /time Magazine | Title: Is Obama's Financial-Reform Plan Bold Enough? | 6/18/2009 | See Source »

...result is a reform plan that's clearly had a lot of thought put into it, and responds to many of the most obvious failings of our financial regulatory setup, but doesn't really change the way the financial game is played. The Federal Reserve would have more power to snoop around financial institutions that it thinks pose a systemic risk, the FDIC would get the power to take over and wind down non-banks, most over-the-counter derivatives would be forced onto exchanges, and capital requirements would be ratcheted up across the financial system. But the current alphabet...

Author: /time Magazine | Title: Is Obama's Financial-Reform Plan Bold Enough? | 6/18/2009 | See Source »

...fast-forward a bit - you've now played some 10,200 concerts under nine philharmonic conductors. Is walking onto that stage before a performance now very different from when you started playing? There are a lot of similarities. It's the same rush, the same concentration. You try to make it a first-time experience. It's a challenge every time...

Author: /time Magazine | Title: Six Decades at the New York Philharmonic | 6/17/2009 | See Source »

...lot of the music you performed at the start of your career is still being performed today. Well-known pieces by composers like Mozart and Brahms are what audiences expect to hear. Is there room out there for new works by contemporary composers? In an art museum, there's a permanent collection of the masters, and then there's the visiting collection of newer work. It's the same thing in music. In the great cities of the world, there's definitely an audience for the new. And I think it's our duty to promote the new music...

Author: /time Magazine | Title: Six Decades at the New York Philharmonic | 6/17/2009 | See Source »

...Google has its supporters. "I think a lot of [the criticism] has been unfair and really ignores the benefits this provides," says Paul Aiken, executive director of the Authors Guild. "We're talking about bringing books to people on the Internet - making sure that books stay relevant in the online age and that people have sources for facts that go beyond what's available on Wikipedia...

Author: /time Magazine | Title: Librarians Fighting Google's Book Deal | 6/17/2009 | See Source »

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