Word: rein
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...viewable on YouTube - but not sharable. Lead singer Damian Kulash posted a lengthy letter to fans on the band's website, explaining the difficulty. It's a symptom of a struggling music industry, Kulash wrote: like many record companies, the band's label, Capitol, feels obliged to keep tight rein on its artists' music videos as one of their few remaining revenue streams. His letter soon went viral, as a clearheaded explanation of the problems the music industry faces. Kulash sat down with TIME to talk about OK Go's videos, the backlash and what the band is doing next...
...Still, many believe the government needs to do more to rein in risky behavior on Wall Street. Among the proposals that have been promoted by President Barack Obama and Congress are a systemic regulator that would be on guard for markets and participants that were creating unseen risks in the financial system. Last month, the House of Representatives passed a bill that would create a new agency to protect consumers and regulate products like mortgages and credit cards. Even the Independent Community Bankers Association, which has fought new regulations of the financial sector, says the government needs to do more...
...most North Koreans, Christmas has long been a nonevent, in part because the government keeps a tight rein on information about religious holidays from entering the country, and in part because Christians can be arrested for celebrating it. Though the country's constitution does grant freedom of religion to all citizens, North Korean authorities don't seem to pay the idea much heed. The government also monitors other religions - such as Buddhism and Cheondoism, a popular Korean belief system that combines elements of several faiths - but underground churches are particularly feared by authorities because they're estimated to have helped...
...offensive this summer with an interview in TIME, has not been able to turn back the wall of populist anger against his firm and Wall Street in general. His claim that he and his colleagues were "doing God's work" was openly mocked. Washington is still contemplating ways to rein in finance-industry risk-taking, pay and profits. Expect more outrage soon as Goldman hands out huge year-end bonuses, which could average more than $700,000 per employee, just as Main Street's unemployment checks...
...robust human-rights apparatus established since Pinochet stepped down after a 1988 referendum rejected his continued rule. Piñera himself opposed Pinochet in that plebiscite. But last month he told a gathering of retired military and police officials who served under Pinochet that he'll work to rein in the trials - "proceedings that go on ad eternum," he remarked - that have convicted a number of their colleagues for murders and other abuses committed during the dictatorship. Some 3,000 people were killed or disappeared in that 17-year period...