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...regulatory structure built after the Great Depression was all about containing risk by sharply restricting what banks, thrifts, brokerage firms and other financial institutions were allowed to do. That worked well for several decades but proved incapable of withstanding the rise of inflation and global competition--not to mention deregulation proponents--in the 1970s. Since then, the priority among regulators and politicians has been to try to manage risk but to by all means avoid thwarting innovation. "I do not believe that government should stand in the way of innovation or turn back the clock to an older...

Author: /time Magazine | Title: Holding Back the Flood | 4/3/2008 | See Source »

...most-watched comedy, according to Nielsen Media Research, with a 19% increase in third-season viewership from the previous season. Equally chest-inflating are the first-run numbers for “Californication,” the largest ever for a comedy on the network, not to mention another honor from the Hollywood Foreign Press for Duchovny last year. So what exactly accounts for the popularity of these shows?A 2007 press release by Robert Greenblatt, the premium channel’s president of entertainment, focuses in part on just this question. In describing the character of Hank Moody...

Author: By Ruben L. Davis, CRIMSON STAFF WRITER | Title: Drugs, Dirty Deeds Spell Success For Showtime | 4/3/2008 | See Source »

...everywhere. There was the Okinomiyaki (“as you like it”)—an egg, vegetable and noodle pizza—and Momiji Manju—warm custard filled cakes in the shape of maple leaves—which are unique to Hiroshima. Not to mention the Anado don—eel rice bowl—that can only be found in Miyajima. These dishes were unlike anything I had ever tasted. The food was unforgettable and didn’t fit into my sentimental column. It was already Friday night, I was reeling...

Author: By Rebecca A. Cooper, CONTRIBUTING WRITER | Title: Familiar Tastes Far Away | 4/3/2008 | See Source »

...otherwise conservative crowd of more than a thousand supporters burst into approving applause and laughter at the mention of their storied downtown watering hole, which had dancing girls back when McCain served in the area as a young pilot. McCain's own knowing smile only added to the moment. Indeed, all week, the Republican nominee-in-waiting has been alluding to the wild days of his younger years, and crowds have been eating...

Author: /time Magazine | Title: McCain: Loving His Misspent Youth | 4/3/2008 | See Source »

...though he discusses a range of issues, Obama is sure at every event to mention his plans for middle-class tax breaks, rewriting trade treaties and fixing the subprime crisis. Yet it is another message from the Obama camp that seems to be having a bigger impact these days: that his nomination is inevitable. "Support for Clinton from these Catholics is more pro forma than deep and Senator Obama can make some inroads, especially if these voters begin to suspect that it would be unlikely for Clinton to win the nomination," said Steve Schneck, a political science professor at Catholic...

Author: /time Magazine | Title: The Blue-Collar Battle in Pennsylvania | 4/1/2008 | See Source »

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