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...Reining in the Banks At the World Economic Forum in Davos last January, some participants advocated radical measures to rein in banks, including regulating their operations so heavily that they would turn into low-risk utilities. No, said Jean-Claude Trichet, the president of the European Central Bank, that wouldn't solve the problem. What's needed, he argued, "are air bags, cushions and shock absorbers." Trichet has now detailed what he means. On Sept. 6, a group of central-bank governors and regulators from 27 countries that is chaired by Trichet published specific proposals that he said would...
...impact of Lebanon should reverberate beyond the Adriatic. Maoz served in the 1982 conflict, and says it took him this long to turn his haunted recollections into cinematic form. Except for the opening and closing shots of a field of sunflowers, the entire film takes place in an Israeli tank holding four very nervous soldiers. The only view to the streets outside is through the gunsight aimed at insurgents and civilians. Which ones to shoot at? Which ones to save? Working as both a horrors-of-war screed and a depiction of men under impossible stress, Lebanon is an unrelentingly...
...Single people and households without children don't want big houses on big lots," says Arthur Nelson, director of metropolitan research at the University of Utah's College of Architecture and Planning. To visualize the coming change, imagine a turreted Victorian mansion, the sort that was popular at the turn of the 1900s. Now picture an Arts & Crafts bungalow, the small-footprint style that followed in reaction...
...young adults. The secluded master suite that used to give parents some privacy now offers the same benefit to a live-in attendant, while the pool makes for great therapy. In Idaho, the nonprofit Housing Company is looking for a 4,000- or 5,000-sq.-ft. house to turn into a home for kids aging out of foster care. "You have all these spaces for teaching life skills before they try to make it on their own," says director Douglas Peterson. A restaurant-league kitchen, for example, can be used as a place to give cooking lessons. An industrial...
...save the country from fiscal Armageddon. "You have never done it before, so how are you going to quantify it?" says Peter Orszag, a health-care wonk who runs the Office of Management and Budget. "The irony is that things that are more challenging to quantify precisely may well turn out to be much more important...