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...better known as a furry red monster. Clash is the puppeteer and the voice behind Elmo, one of the most popular characters on the seminal children's television show Sesame Street, which this week marks its 40th anniversary with a series of special episodes and a two-disc DVD set, Sesame Street: 40 Years of Sunny Days. Clash spoke to TIME about becoming Elmo, the show's many celebrity guests and why even grown-ups need a Sesame Street fix once in a while. (See TIME's pictures of "The Ghosts of A Christmas Carol Past...

Author: /time Magazine | Title: Kevin Clash: The Man Behind Elmo | 11/10/2009 | See Source »

...bank regulators like the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Federal Reserve and the Office of Thrift Supervision (OTS). He would give their power to supervise and regulate banks to a new, single bank regulator with power to set capital requirements and ensure stability. By contrast, the Frank-Geithner-negotiated bill in the House would do away with only the OTS, leaving the FDIC in charge of state-chartered-bank supervision, the OCC in charge of nationally chartered banks and the Fed in charge of complex financial institutions...

Author: /time Magazine | Title: Financial Regulation: Way Easier Than Health Care | 11/9/2009 | See Source »

...Abdullah Saleh, flew into the Gulf of Aden on Nov. 7 to celebrate the first exports of liquefied natural gas from a sprawling $4.5 billion plant - the biggest ever investment in his otherwise impoverished desert country. A brass band played and politicians applauded the gas tanker as it set sail for South Korea, but Saleh's attention was elsewhere - on the attacks that Saudi Arabia's military forces were waging against antigovernment Shi'ite rebels in the north of Yemen. The rebels "are trying to demolish the economy," Saleh tells TIME, vowing, "We will crush them...

Author: /time Magazine | Title: Yemen-Saudi Skirmishes Threaten a Wider Conflict | 11/9/2009 | See Source »

...pervasiveness of corruption led President Susilo Bambang Yudhoyono to set up the KPK in 2004 as part of his commitment to elevate Indonesia from its status as one of the world's most corrupt countries. In his drive to attract billions of dollars in investment capital, SBY, as the President is known, has let the KPK target powerful players in business and politics and even members of his own family to establish a stronger legal foundation and investment climate. Of the nearly 150 cases it has handled, out of more than 30,000 registered complaints, the five-member team...

Author: /time Magazine | Title: Protesters Rally for Indonesia's Anti-Graft Unit | 11/9/2009 | See Source »

...what investors need to hear and, as some economists are warning, will also need to see put into practice if the country is to attract badly needed foreign capital. In the meantime, Anggodo Widjojo, a businessman and one of the men caught on tape conspiring with legal authorities to set up the KPK, has yet to be charged. "Why hasn't Anggodo been arrested?" asks Yanuar Rizky, an independent analyst and columnist writing on economic issues. "It looks as if you have to be close to the powers that be in Indonesia if you want to be safe...

Author: /time Magazine | Title: Protesters Rally for Indonesia's Anti-Graft Unit | 11/9/2009 | See Source »

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