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...desire to apply them to the wider world may be growing. Diamond belongs to a group called Rabbis for Obama, and says that in light of the financial crisis, its members have begun to discuss how the old wisdom could mediate the new mess. The question these days, he says, is not whether Jews can be induced to be more ethical than the market, but whether the market can be made more ethical. "I think classic rabbinic tradition is certainly pro-regulatory," he says. Meanwhile, Yeshiva's Levine calls in his journal article for what he describes as "an incentive...

Author: /time Magazine | Title: The Financial Crisis: What Would the Talmud Do? | 10/10/2008 | See Source »

This is the oldest European story in the book, the mother of all sobby mantras: no will, no purpose, no power. Yet Europe will get out of this mess by being Europe: by bickering, compromising, doing less than required, and doing it slowly. Americans underestimate the Old Lady's moxy just as Europeans underrate Yankee 
 vitality and ingenuity. Still, it's a reasonable bet that the U.S., one nation with 
 one government, will emerge from the wreckage sooner than the E.U. does...

Author: /time Magazine | Title: Gloat at Your Peril | 10/9/2008 | See Source »

...annual Labour Party conference last month in Manchester, delegates adopted a new vocabulary. In fringe meetings, speakers inveighed against "the spivs" who caused the mess, while union leaders and politicians raised cheers by bashing the rich. Brown's keynote speech talked of a new era that demands heavier regulation, an era in which the rich will "be able to look after themselves." That sort of talk sets off alarm bells. "There is a risk that a mood could emerge, an anti-City mood," says Douglas McWilliams, chief executive of London's Centre for Economics and Business Research. "You sense that...

Author: /time Magazine | Title: London's Gathering Storm | 10/9/2008 | See Source »

...Kashkari, who grew up outside Akron, Ohio, has been neck deep in the mortgage mess for the past year. In the summer of 2007, Paulson tasked him with assessing plans to untangle the housing mess, and this year he launched a program to funnel money to struggling mortgage holders facing foreclosure. Though Kashkari is a Republican who gave $2,000 to George W. Bush's 2004 re-election campaign, a spokesman for Congressman Barney Frank, the liberal head of the House Financial Services Committee, calls him "very knowledgeable and very smart...

Author: /time Magazine | Title: Whiz Kid, Hot Seat | 10/9/2008 | See Source »

...stretch, but work with me here. Think of Bo Diddley as the batter and sodomy humor as the macaroni and cheese. Without the support of the batter, the macaroni would almost surely lack structure and the cheese would undoubtedly burn, leaving behind a charred and failed mess. Megapuss, then, is both the inspiration and the actor that puts the ingredients together and creates an unexpected delight. It isn’t hard to see that “Surfing” is undoubtedly the work of a group of creative people who set out to do little more than...

Author: By Ruben L. Davis, CRIMSON STAFF WRITER | Title: Megapuss | 10/9/2008 | See Source »

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