Word: richarde
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...other forms of financial regulation, many conservatives long thought that few, if any, were needed, but the crisis has changed some minds. Alan Greenspan's famous October admission that his antiregulation ideology had failed was a landmark on this front. Federal judge and Chicago Law School professor Richard Posner's new book, A Failure of Capitalism, is another. In it, Posner fingers financial deregulation as a major cause of the crisis. He's less clear about what we ought to do now, although one of his suggestions very much fits the crude-measure standard: we should consider raising income taxes...
...longer term, the question could be less about how Europe responds to Iran, and more about how Iran tries to woo back Europe. "Iran is lashing out and fabricating various allegations. But this will harm Iran more than it harms the E.U.," says Sir Richard Dalton, associate fellow at the international-affairs institute Chatham House in London. Dalton believes that behind Iran's prickly attitude is insecurity about the country's relative weakness compared to the E.U. "Iran needs Europe - it needs the trade, it needs support in international organizations and it needs to maintain a strong image...
...after spending three years designing glasses for brands including Tom Ford, Gucci and Puma. "I was frustrated that my mass-produced frames didn't really fit anyone," he says. "I wanted to create the equivalent of a bespoke suit." That vision has earned Davies fans such as Richard Branson and Kevin Spacey. (See the best new travel products, gadgets and trends...
...place where the uprisings that eventually overthrew apartheid began and as the former home of Mandela and Archbishop Desmond Tutu, the township has long been at the forefront of change. Today shacks are being replaced by houses. Bars, restaurants and hotels are thriving. BMWs and Mercedeses clog the streets. Richard Maponya opened the glass-and-steel Maponya Mall on Soweto's main highway in 2007 with an ambition that it should be equal to any in the world. "Soweto has become this wonderful opportunity," he says. "It's becoming safer. Property prices are going up. Life is becoming just normal...
DIED When he won his record-breaking 13th Division I title in men's swimming, Auburn University coach Richard Quick, 66, was in the final stages of his battle with brain cancer. In a career that spanned four decades, Quick also coached six U.S. Olympic teams...