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...Dodd and Banking Committee ranking Republican Richard Shelby are handling the creation of a consumer-protection agency, something the banking industry strongly opposes. Senators Mark Warner of Virginia and Bob Corker of Tennessee are trying to figure out which governmental bodies - the Fed, the FDIC or a newly created entity - should have the power to dissolve and resell large banks that fail, an issue that has split not just the two parties but the Administration and top regulators. Senators Chuck Schumer and Mike Crapo are tackling new regulation for corporate governance that would try to impose checks on risk-taking...

Author: /time Magazine | Title: Senator Dodd's Bipartisan Push on Financial Reform | 11/27/2009 | See Source »

...question of putting on a show. Here we're witnessing not only genius at work (watching rehearsals, we might doubt this Julius Caesar, but what we see of the opening night is electrifying; that's when you really thrill to McKay's Welles) but also the way Richard falls in love with the idea of theatrical family. (See TIME's holiday movie guide...

Author: /time Magazine | Title: Me and Orson Welles: Zac Efron Takes the Stage | 11/25/2009 | See Source »

...scene, Richard is exploring backstage, and we feel his pleasure in his insider status; he's puffed up from it. Then he lights a match to better examine graffiti left by someone who walked these boards in earlier days and inadvertently sets off the theater's sprinkler system, dousing everything, including Welles, who is madder than a wet cat. It perfectly catches the mood of the theater as seductress: one minute, she wants you, she makes you feel blessed, another, she reminds you what a buffoon you are to believe you belong here...

Author: /time Magazine | Title: Me and Orson Welles: Zac Efron Takes the Stage | 11/25/2009 | See Source »

Shoppers who wait too long could be left empty-handed as reduced inventory levels will mean fewer sizes, colors and selections of items. "That baby-blue cashmere sweater in medium may not be there on Dec. 24," says Richard Jaffe, managing director at Stifel Nicolaus...

Author: /time Magazine | Title: Holiday Shopping: This Year It's a Game of Chicken | 11/25/2009 | See Source »

Stepping back a bit, I do see a metapattern that extends over the 40 years since Richard Nixon's Southern strategy began the drift toward more ideological political parties: Democrats have tough first years in the presidency. Of the past seven Presidents, the two Bushes rank at the top in popularity after one year, while Obama and Bill Clinton rank at the bottom, with Jimmy Carter close by. There is a reason for that. Democrats come to office eager to govern the heck out of the country. They take on impossible issues, like budget-balancing and health care reform. They...

Author: /time Magazine | Title: Obama's 'Mistakes': Way Too Early to Judge | 11/25/2009 | See Source »

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