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What is the best approach, if there is one, for resolving the "too big to fail" issue? -Lawrence Lin, Taipei If I could boil it down to one recommendation, it is that we need strong resolution authority so that any failing institution can be liquidated in a way that does not damage the financial system overall. Then taxpayers will never again have to come in and provide a bailout...
...truth probably lies in a mix of these factors, plus one more: the steep rise in the number of Americans in prison. As local, state and federal governments face an era of diminished resources, they will need a better understanding of how and why crime rates tumbled. A sour economy need not mean a return to lawless streets, but continued success in fighting crime will require more brains, especially in those neighborhoods where violence is still rampant and public safety is a tattered dream...
...Representative of Pennsylvania's 12th District since 1974, Jack led as courageously in Congress as he did in the Marines. A man of great integrity, he bravely spoke out against the war in Iraq in 2005, teaching us the need to distinguish between the war and the warriors who fight...
With these results, Harvard must sweep its opponents next weekend at Part II of the Ivies in order to share the Ivy League title. Facing a very strong Princeton team, Harvard will need an extraordinary performance from every fencer...
...We’re having a meeting tomorrow to impress on everybody that they need to fence their best,” Brand said. “Princeton is strong, but anybody still has a chance to come out on top. Everybody needs to pull their weight, and if they don’t, I will be very angry...