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...lesson Summers draws from this is that Washington must "insist that reforms be put in place so that the mistakes of the past are not repeated." That makes more sense than singling out Goldman and JPMorgan for being too good at what they do. The question, though, is whether such reforms can actually be enacted. In the past, Goldman and JPMorgan - and the rest of the financial industry - put their highly talented employees to work dismantling any regulation that might get in the way of higher profits. If they try that again, maybe "swine" and "vampire squid" will prove...

Author: /time Magazine | Title: Too Much Profit at Goldman and Morgan? | 7/27/2009 | See Source »

Donors also must meet an array of requirements before a hospital will operate. You must be healthy enough to withstand a four-hour operation. You must be free of disease - HIV, hepatitis or cancer will disqualify you - and, of course, you need to have the same blood type as the recipient. It takes an average of three months for hospitals to assess and approve a transplant. Kidney donation is a major commitment - you can't drive or lift anything for six weeks, and it can be over a month before you're ready to return to work. (See pictures...

Author: /time Magazine | Title: How Does Kidney-Trafficking Work? | 7/27/2009 | See Source »

...with him: that possibilities are opening, that things are happening that you are only vaguely aware of. You sense - you hope - that these things will somehow deliver Russia from its current doldrums, and they may very well do that. Lebedev is in charge of this puppet show. And that must be a good thing...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

...region, control of these valuable natural resources has allegedly become a lucrative way for warring parties to purchase munitions and fund their fighting. The Global Witness report claims to have followed the supply chain of these minerals from warring parties to middlemen to international buyers. (How the world must act on Congo...

Author: /time Magazine | Title: First Blood Diamonds, Now Blood Computers? | 7/24/2009 | See Source »

...oligarchs have been indulging in what may turn out to be the most expensive shopping spree of their lives. Never mind haute couture: it's English High Court justice - at some $16,500 per day, with top attorneys charging up to $1,250 per hour - that's proving the must-have purchase for wealthy Russians this season...

Author: /time Magazine | Title: Russian Oligarchs Seek English Justice | 7/24/2009 | See Source »

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