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Kotz said his reports will have comprehensive recommendations, but warned that doesn't mean the agency will implement them. And though some fixes, a proposed rule to separate custodian accounts for hedge fund assets, may make it harder for thieves, smart fraudsters "will just begin to work in pairs; one will run the scam and the other will run the custodian operation," says Goldman...

Author: /time Magazine | Title: Calling All Whistleblowers! The SEC Wants You | 2/24/2009 | See Source »

...things children have to do while they're growing up is to find out what kind of people they are. Am I smart or dull? Pretty or plain? Strong or weak? They find out the answers by comparing themselves to their peers. And they put this knowledge to good use. They find out what they're good at and concentrate on that, and give up competing in contests they are sure to lose. They try out for leadership, for example, by finding out whether other kids are willing to follow them. Research has shown that boys who are taller than...

Author: /time Magazine | Title: Why Parents (Still) Don't Matter | 2/24/2009 | See Source »

...years on, however, with parents seeming to worry more than ever about what it takes to raising a smart, decent kid, Harris's message may even sound reassuring. The 10th anniversary edition of her book hits bookstores Feb. 24. TIME's Kathleen Kingsbury caught up with the New Jersey grandma to discuss whether parents still don't matter, why her theory didn't catch on in 1999 and the future of helicopter parenting and the kids it produces...

Author: /time Magazine | Title: Why Parents (Still) Don't Matter | 2/24/2009 | See Source »

...Friday night, local Republicans lavished Steele with praise. "He's smart, he's sophisticated, he has vision," says Dan Cronin, a state legislator and chair of the county's Republican Party. Tall and a bit brawny, Steele took the dais, dressed in a gray suit and a pink tie. "They told me this was Barack Country," he told the overwhelmingly white crowd of roughly 700 (there was a handful of blacks and South Asians), inciting a mixture of applause and boos. He acknowledged that in the last election cycle, "We got our clocks cleaned. We got, as my momma said...

Author: /time Magazine | Title: Can Michael Steele Broaden the Grand Old Party? | 2/24/2009 | See Source »

...extreme price discounts in order to fill the very last cabin may not be as productive" as once thought. For one thing, the cruise lines still have to pay for all the new megaships they're launching these days. With more families and seniors forgoing cruises, Celebrity was smart to give its Solstice a more contemporary design for younger travelers, including a special bar for vodka-and-caviar tastings. That Russian delicacy might be out of synch with the economic times - but at fares this cheap, nostrovya...

Author: /time Magazine | Title: How to Save in the Recession? Take a Cruise | 2/24/2009 | See Source »

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