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...trouble. The big banks should probably be fairly boring and reasonably well regulated. And their core businesses are - but they were able to get away from their core activities and move further out on the risk spectrum and jeopardize the whole operation. So much more stringent capital requirements for banks as they get larger, to make sure that as they get larger they get more boring. For compensation, one way to mitigate risk is to defer some chunk of compensation so that it's only success over time that you get paid for. Having a compensation czar dictate who should...

Author: /time Magazine | Title: Common Mistakes Even Smart Investors Make | 9/29/2009 | See Source »

...serving member in the history of the House of Representatives. "The working men and women of Michigan and their families have always been Congressman Dingell's top priority," his website declares, and I suppose he thinks he has served them well - by resisting, in succession, tougher safety regulations, more-stringent mileage standards, relaxed trade restrictions and virtually any other measure that might have forced the American automobile industry to make cars that could stand up to foreign competition. (See the most exciting cars...

Author: /time Magazine | Title: Detroit: The Death — and Possible Life — of a Great City | 9/24/2009 | See Source »

...Dairy farmers say they have yet to feel the effects of the E.U.'s market intervention. They have called on the E.U. to immediately abandon its plans to scrap the milk quotas and implement new, more stringent production curbs to make milk scarcer and thus more expensive. (See pictures of urban goat-breeding...

Author: /time Magazine | Title: Europe's Farmers Spill Milk to Decry Tumbling Prices | 9/21/2009 | See Source »

...imperfections in the numbers reported by schools to the Department of Education. Some schools reportedly "game the system"—downplaying their crime rate for fear of bad reputation, while other schools remain "steadfastly honest." Congress is soon expected to make the Clery Act's guidelines more stringent. Let's all hope that once that's done, Harvard may strip itself the honor of being on this list. If not, the only solution that remain may be just to relocate. New Hampshire anyone...

Author: By Jessie J. Jiang | Title: Harvard Ranks #20 Most Dangerous (Maybe) | 9/19/2009 | See Source »

...health care tax credits." Similarly, the major health-care-reform bill to pass out of committee in the House, H.R. 3200, contains Section 246, which is called "NO FEDERAL PAYMENT FOR UNDOCUMENTED ALIENS." Some Republicans have claimed that these protections are too weak, since they do not require stringent eligibility checks that would prevent illegal immigrants from gaming the system...

Author: /time Magazine | Title: 'You Lie!': Representative Wilson's Outburst | 9/10/2009 | See Source »

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