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...having the tools to stop new Madoffs, Schapiro at her hearing said, "One has to conclude that the [SEC's] tools were not up to the task." She added that the agency may "need a significant bolstering." As for better hedge fund transparency and disclosure, she said, "corporate disclosure has to be complete and accessible; with hedge funds I would like to see disclosure...

Author: /time Magazine | Title: Can Mary Schapiro Revitalize the SEC? | 1/27/2009 | See Source »

...Holbrooke's unenviable task, then, will be to persuade Pakistan's security establishment to abandon such accommodations with Taliban militants operating on their territory and to reorient itself away from preparing for war with India and toward counterinsurgency at home. Tackling the Kashmir issue would be a start, but that's more easily said than done. India has long rebuffed the principle of international mediation on what it insists is an internal issue. As long as the question of where Pakistan's and India's borders are drawn remains a point of potentially hostile contention, Pakistan's ambiguous relationship with...

Author: /time Magazine | Title: Pakistan: A Mounting Problem for Obama | 1/26/2009 | See Source »

...civilian government to retire those tactics and promote peace talks with India, critics say some elements within the Pakistani military have not relinquished their proxy warfare capability - and they are maintaining links with militant groups who have attacked U.S. and allied troops in Afghanistan. (Read "Obama's Daunting Task in Afghanistan...

Author: /time Magazine | Title: Pakistan: A Mounting Problem for Obama | 1/26/2009 | See Source »

Gramm, who before he got into politics was an economics professor at Texas A&M, took to the task with relish. He was dismissive of the charge that Glass-Steagall repeal has been a big problem. "Europe never had Glass-Steagall," he said. "So why didn't this happen in Europe rather than here?" On derivatives he was a bit more nuanced: All he and the Clinton Administration were trying to do with the 2000 bill, he claimed, was establish that interest-rate and currency swaps - two relatively uncontroversial forms of over-the-counter derivatives - couldn't be regulated...

Author: /time Magazine | Title: Phil Gramm Says the Banking Crisis Is (Mostly) Not His Fault | 1/24/2009 | See Source »

...they were displeased that the Gaza war ended without Hamas' surrender. With Labor and Livni's Kadima on board, it may be possible for Netanyahu to be more successful in selling a peace accord to a wary Israeli public than a center-left government could be. But the main task facing the new Obama Administration may be to convince Netanyahu that there is more to be gained from pursuing politics with the Palestinians by means other than...

Author: /time Magazine | Title: Gaza's Political Fallout: Israel's Right Strengthened | 1/22/2009 | See Source »

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