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...Democrat from Illinois - failed to win support, the shares rebounded. However, the Senator has reintroduced the bill in the current session of Congress, and it could ultimately find its way into financial-industry reform. More worrisome to investors is the potential power of a Consumer Financial Protection Agency, part of the financial-reform bill recently passed by the House and under consideration in the Senate. Under the current versions of the bill, the agency would not have the power to set interest rates. But public anger with America's financial industry is rising, and that raises the possibility that extremely...

Author: /time Magazine | Title: Pawnshops Flourish in Hard Times, Drawing Scrutiny | 1/14/2010 | See Source »

...Sunday, over 100 Bostonians stripped down to their underpants on the T as part of No Pants Subway Ride 2010, a nationwide event organized by Improv Everywhere. It’s what that crazy college student deep inside of you has secretly desired to do since arriving on this staid campus, but has refrained from doing so for many reasons—including, but not limited to, hygiene concerns, freezing temperatures, the wandering eyes of commuting skeeves, and those pesky public indecency laws...

Author: By Michelle B. Timmerman, CRIMSON STAFF WRITER | Title: No Pants? No Problem...At Least Not For the MBTA. | 1/13/2010 | See Source »

...manifested all too starkly on Sunday, plenty of T riders share this buried, but burning, desire to shed clothing in public. The Boston Society of Spontaneity, who organized the Boston part of the event, instructed partici"pants" to arrive at Alewife at noon, and to travel on the Red Line and pull off their pants in the process. The pantless mass traveled in groups, because, as one BSS Website sagely observed, “riding around town in your underwear by yourself (especially if you’re female) isn’t the safest thing...

Author: By Michelle B. Timmerman, CRIMSON STAFF WRITER | Title: No Pants? No Problem...At Least Not For the MBTA. | 1/13/2010 | See Source »

...reason is equally significant and a harbinger of the fights to come in the Republican Party: a deep fear of the Palin forces. Intimidated by the rabidness of her supporters, believing that they can't be swayed by facts and worried about getting crosswise with the most highly energized part of the Republican base, McCainworld has allowed her version of reality to go largely unchallenged - and her rise to continue unchecked. There is perhaps a related factor: a recent Washington Post poll found that Republicans regard Palin as the front runner for their party's 2012 nomination and that...

Author: /time Magazine | Title: The Uncertain Future of Sarah Palin | 1/13/2010 | See Source »

...plainly was a shot across the U.S. bow for its continuing weapons sales to Taiwan. Communist-run China split with nationalist-run Taiwan following the civil war in 1949, and it continues to regard the island as a renegade province. While the U.S. recognizes Taiwan and the mainland as part of one China, it continues to arm Taiwan against any threat of reunification by force - a policy regarded by Beijing as provocative interference in an internal Chinese dispute. Beijing has declared it will take the island back by force should its leaders seek formal independence, and the U.S. has long...

Author: /time Magazine | Title: China's Missile Test: A Symbolic Warning to U.S. | 1/13/2010 | See Source »

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