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...serving the industry. (For companies operating in the U.S. and much of Europe, no such single body exists.) The fsa's remit: working with firms to pinpoint potential risks long before things go wrong, rather than simply prescribing rules. While the U.K. watchdog listens, suggest industry representatives, U.S. regulators prefer to bark. The U.S. Sarbanes-Oxley Act, a 2002 response to the accounting scandals that toppled Enron and WorldCom, was intended to stiffen standards of corporate governance in public firms. In reality, the cumbersome auditing requirements - not to mention the cost and time involved in complying - have put many firms...

Author: /time Magazine | Title: The New Capital of Capital | 1/31/2007 | See Source »

Colorado's Keystone and California's Heavenly in Lake Tahoe, among others, brought in professionals who understand that women learn better at their own pace in small, friendly groups; are more interested in technique than in speed; and mostly just want to have fun. As Carbone puts it, "Women prefer to dance with the mountain rather than attack...

Author: /time Magazine | Title: Carving a Niche | 1/26/2007 | See Source »

...been apparent that President Reagan's decisions, if not his thinking, are based almost totally on his simplistic view of the world rather than on the complex realities that exist. The media have winked at this fundamental flaw, and most Americans have gone along, because they too prefer the simple illusions to the harsh facts. If the press had only held our President's feet to the fires of reality and truth, events would never have descended to their present deplorable level and both the President and the nation would have been spared this ultimate embarrassment and disgrace. Charles...

Author: /time Magazine | Title: Letters: Dec. 15, 1986 | 1/26/2007 | See Source »

...race is still tight: 52% of voters now say they would prefer Sarkozy to 48% for Royal in a head-to-head contest. But Socialists are more concerned by polls suggesting that their candidate's often random comments are undermining that ineffable quality of being "presidentiable," or enrobed with sufficient natural authority and gravitas for the top job. Her Socialist brethren used a version of that argument, often with a sexist undertone, to try to disqualify Royal last year, and it didn't work. But in France's relatively short campaign, mistakes are cumulative. Royal has inspired enthusiasm...

Author: /time Magazine | Title: Royal Loses Her Magic | 1/26/2007 | See Source »

...rush to judgment is understandable. No modern capital is as open about its flesh trade as Bangkok is. Nor does my gender preclude me from generous offers. Touts invite me to watch sex shows in which teenage girls shoot ping-pong balls from their nethers. Or would I prefer darts? Or balloons? (I have caught the ping-pong show, and the athleticism, if nothing else, is staggering. Mostly, though, I decline the offers.) Even if my husband and I walk hand-in-hand down Bangkok streets, the women at massage parlors call out cheerfully. (Wisely, he declines...

Author: /time Magazine | Title: Sex and the Single Schnauzer | 1/22/2007 | See Source »

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