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...tier one" capital ratio to 10.1%. (An 8% ratio is considered healthy.) Jaspal Singh Bindra, StanChart's Hong Kong - based CEO for Asia, says that previous downturns like the 1997 Asian crisis made management especially wary of financial-system turmoil. "We learned that when there is a market problem, it spreads from a problem to a crisis very quickly," Bindra says...

Author: /time Magazine | Title: Position Player | 6/29/2009 | See Source »

...major problem that led to the crisis was that financial institutions--especially the largest, most complex and important ones--weren't held to a high enough standard. In boom times, that problem wasn't visible, but those firms turned out not to have the capital and liquidity cushions they needed in times of true stress. Our plan fixes that too. There are a whole range of areas--from consumer protection to the establishment of a coordinating council of regulators--where our plan puts in place measures that would have made it more unlikely for things...

Author: /time Magazine | Title: Geithner Q&A | 6/29/2009 | See Source »

...spelling out the global impact of those crashes in cold, hard cash. Traffic injuries cost a whopping $518 billion a year. Poor countries generally spend more money responding to car accidents than they receive in development aid. The WHO offers a series of intuitive fixes for this growing problem: buckle down on speed limits, reduce drunk driving and tighten seat-belt laws. With pedestrians, cyclists and other "vulnerable road users" accounting for 46% of all traffic deaths, the report concludes that more research on road planning and design is needed as well. A scourge as lethal as many contagious diseases...

Author: /time Magazine | Title: The Skimmer | 6/29/2009 | See Source »

Venezuela bans COKE ZERO for health reasons. Because clearly that's the country's biggest coke problem...

Author: /time Magazine | Title: Pop Chart | 6/29/2009 | See Source »

Pagano, who said church members have a responsibility to stress safe gun usage, would like to make the open-carry service an annual event annual leading to the Fourth of July. And he said he had no problem with an alternative rally, "Bring Your Peaceful Heart ... Leave Your Gun at Home," that coincided with the gun service. Terry Taylor, who heads Interfaith Paths to Peace, which organized the counter-rally, said there was no need to protest at the New Bethel event. "That's not how we do things," he said. "We wanted to hold our own event and give...

Author: /time Magazine | Title: The Day that Guns Came to Church in Louisville | 6/28/2009 | See Source »

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