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While Ellison no longer wields a gun, he is still an enforcer of the rule of the land. Today his focus is no longer on the laws of the state, but rather the rules of the Faculty of Arts and Sciences...
Finally, and perhaps most importantly, Congress needs to take a hard look at how these banks are structured and the purpose they serve in today’s economy. As Roger Lowenstein wrote in a recent article, banks today make an overwhelming percentage of their profits from trading, in effect making them giant hedge funds-in-disguise that pose a stability risk to the market while also performing some banking operations. The Volcker rule, which would ban banks from engaging in proprietary trading, would change technical classifications that are easy to work around, as investment banks could shift risks...
It’s a lesson that Brent still holds in great importance today. As an outfielder and pitcher for the Harvard baseball team, which has struggled early in the season with a 3-10 start, Brent is on the other side of the win column for the first time...
...stories that never make the New York Times," says a journalist with experience in old and new media. "When I see him, he'll say, 'Why aren't you covering this?' And he's right. But some of what he publishes is irresponsible. He represents something fascinating about today's culture but also something deplorable." John Harris, editor of Politico.com, says, "I regard Andrew as a skilled media and ideological entrepreneur, but as he becomes a combatant, he is going to get scrutinized like one." (See 25 websites you can't live without...
...draw. Unlike Phuket, where the tsunami also struck, Aceh is not simply repairing a tourism infrastructure. It is building one from scratch and tsunami tours are proving popular - particularly in the domestic market. A fifth of Banda Aceh's population was wiped out on Dec. 26, 2004. Today, any trip to the city is incomplete without a visit to a ship heaved a mile inland and stranded amid the houses. On its top deck I meet Tisul Himat, 43, a trader from an island on Aceh's west coast, there with 10 members of her family. "We really wanted...