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...Taming the Markets Regulators on both sides of the Atlantic are trying to limit abuses that led to the meltdown, such as the reckless issuance of subprime mortgages. In the U.S., the Treasury Department and lawmakers are seeking to bring greater transparency to the arcane world of financial derivatives by requiring the trading of them to be done through central clearing houses. Meanwhile, Trichet's group of central bankers wants banks to put up additional capital if they engage in especially risky types of financial market transactions. As the financial services industry braces for tougher oversight, it's keeping...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...move could put Europe at loggerheads with the U.S. Last week, Obama said Wall Street could not go back to the days of "reckless behavior and unchecked excess," but he has repeatedly said he is against creating strict rules on pay. Luxembourg Prime Minister Jean-Claude Juncker said on Sept. 17 that Europe should act on bonuses "whether the Americans are with us or not." (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: The E.U. Talks Tough on Bonuses, but Will It Act? | 9/22/2009 | See Source »

...York Times, about his colleague at the newspaper, Stephen Farrell. A force of NATO commandos had just freed Farrell on September 9 after the Taliban kidnapped him and his translator in the Taliban-occupied Kunduz province of northern Afghanistan four days earlier. Yet four deaths in exchange for one reckless journalist’s story is an impossible transaction to defend. Journalists must exercise more caution in reporting from war-torn areas like Afghanistan. Their bravery can quickly turn into a vainglorious fixation on getting a story when others’ lives are also endangered...

Author: By Anna E. Boch | Title: Reckless Reporting is Inexcusable | 9/22/2009 | See Source »

Obama, President Barack • financial leaders are warned by that "we will not go back to the days of reckless behavior and unchecked excess," but really, haven't we already? • patience with is increasingly being lost by supporters of as a result of the refusal or inability of to fight back with passion and outrage against the obvious enemies of • Star Wars lightsaber is geekily brandished...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 9/18/2009 | See Source »

Teenagers are a famously reckless species. They floor the gas and experiment with drugs and play with guns; according to Centers for Disease Control and Prevention figures, more than 16,000 young people die each year from unintentional injuries. The most common-sense explanation for teens' carelessness is that their brains just aren't developed enough to know better. But new research suggests that in the case of some teens, the culprit is just the opposite: the brain matures not too slowly but, perhaps, too quickly...

Author: /time Magazine | Title: The Teen Brain: The More Mature, the More Reckless | 9/2/2009 | See Source »

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