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...None of this is simply academic theorizing. One year on, public fury about the massive banking bailouts continues to drive calls for greater oversight and regulation. Much of the outrage is directed at bankers who earned huge bonuses by taking outsized risks with complex financial instruments, only to walk away scot-free when their bets went awry, plunging the world into crisis. Bonuses are just one aspect of the larger issue of moral hazard that has been raised over the past year, as governments and central banks have spent tens of billions of dollars of taxpayers' money to rescue financial...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...countries. French Defense Minister Hervé Morin has warned of "absolute chaos" if France pulled out and opened the door to a rush of other withdrawals. "When the security of our country is at stake," said British Prime Minister Gordon Brown in a speech earlier this month, "we cannot walk away...

Author: /time Magazine | Title: Afghanistan: Looking For the Way Ahead | 9/28/2009 | See Source »

With the Bears down, 24-14, with 3:07 remaining in the game, it looked as if Harvard would easily walk away with an early-season victory over the team it shared the Ivy League crown with last season. But thanks to an 80-yard touchdown drive and a recovered onside kick, Brown managed to put itself in a position to win the game with under a minute to play...

Author: By Martin Kessler, CONTRIBUTING WRITER | Title: Lights Out | 9/28/2009 | See Source »

...looked as if Harvard would easily walk away with an early-season victory over the team it shared the Ivy League crown with last season. But thanks to an 80-yard touchdown drive and a recovered onside kick, Brown managed to put itself in a position to win the game with under a minute to play. Starting at his own 20-yard line, Brown quarterback Kyle Newhall-Caballero...

Author: By Martin Kessler | Title: Lights Out | 9/26/2009 | See Source »

...over which border or who helped him) before showing up at the Brazilian mission. It took him in, even though it may have to host Zelaya, who would be arrested if he stepped outside, for weeks if not months. Zelaya had tried unsuccessfully to fly and walk into Honduras in July. "How could I stay in exile," he asks, "when the coup has been condemned by every country in the world? I had to come back to show support for the people who elected me." Even those who support restoring him to office wonder if his theatrical return actually hurts...

Author: /time Magazine | Title: Honduras Quagmire: An Interview with Zelaya | 9/26/2009 | See Source »

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