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President Barack Obama did warn in his speech to Wall Street on Monday that "normalcy cannot breed complacency." But normalcy is breeding complacency - perhaps because complacency is normal. Consider the financial reforms that the Obama Administration wants to push through Congress before year-end - creating a Consumer Financial Protection Agency, giving the Federal Reserve the job of systemic risk regulator, and establishing a "resolution regime" to wind down troubled nonbank financial institutions (like Lehman) and complex bank holding companies in an orderly fashion. Steps in the right direction? Probably. Truly major reforms? Not so much...

Author: /time Magazine | Title: Three Lessons of the Lehman Brothers Collapse | 9/15/2009 | See Source »

...Monday, the Obama administration announced plans to provide the more than 600 detainees at the Bagram Air Base in Afghanistan with increased legal rights. Each detainee is to be assigned an American military official who, while not a lawyer, would be responsible for gathering evidence and witnesses on behalf of the detainee and present his case before a military review board...

Author: By The Crimson Staff | Title: Less Bad, But Not Good | 9/15/2009 | See Source »

...just when you were considering going out and buying surgical masks...We're saved! UHS is now offering free flu vaccinations from 12 p.m. to 3 p.m. every Monday and Tuesday until...

Author: By Aditi Balakrishna | Title: We're Saved! But Only Sort Of... | 9/15/2009 | See Source »

According to a paper published Monday in Circulation, a journal of the American Heart Association, fewer than 8% of all Americans can now be considered at low risk for heart disease. No one needs a statistician's help to know that that means more than 92% of us are not as healthy as we could be, and that's worth paying attention...

Author: /time Magazine | Title: Study: More Americans at Higher Risk of Heart Disease | 9/14/2009 | See Source »

...lashed out at Berlusconi's family newspaper, Il Giornale, for accusing him of drifting leftward. "Enough already. It's time for a new approach," Fini told reporters in the central city of Gubbio. "I won't renounce my ideas, and I say 'No' to groupthink." And just on Monday, Sept. 14, Fini said he was considering a lawsuit against Il Giornale for an article that referred to his links to a "red light" scandal in 2000. (Read "Berlusconi and the Girl: No Spice, Thank...

Author: /time Magazine | Title: How Has Berlusconi Survived His Sex Scandal? | 9/14/2009 | See Source »

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