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This line of reasoning is most closely identified with Elizabeth Warren, a Harvard law professor and the current chairwoman of the congressionally appointed committee overseeing the Treasury's bailout efforts. In a 2007 article in the journal Democracy, Warren argued for what she called a Financial Product Safety Commission. But the idea isn't exclusive to her. Canada, which did not suffer the subprime woes of its southern neighbor, created a consumer financial agency in 2001. Australia and the Netherlands have taken the more ambitious step of consolidating all consumer and market oversight under one financial regulator while leaving soundness...

Author: /time Magazine | Title: Financial Aid | 7/27/2009 | See Source »

...other things, such as comedy and fighting lions. Christians aren't funny because they tend to be literal-minded. Also because they're sad about having had sex with only one person. So when Kevin Roose, author of the excellent new book The Unlikely Disciple, told me that Rick Warren's giant Saddleback Church has its own improv group, for the first time in my life, I felt my calling. I may not be the Woody Allen or Jon Stewart of the secular world, but in the land of the unfunny Christian, the one-joked Jew is king. (See pictures...

Author: /time Magazine | Title: Christian Improv: What's Funny at Warren's Church | 7/27/2009 | See Source »

...heart of the legal battle are the 66 computers and 928 boxes of other evidence, including of a photo of former FLDS leader Warren Jeffs kissing his allegedly 12-year-old bride, that were seized during the April 2008 raid. Defense attorneys are trying to keep this evidence from being used in the trials because of the bizarre backstory now surrounding the search warrant. The warrant was based on tips from a Colorado woman who was posing as a former member of the compound and who is now facing criminal charges for filing a false report...

Author: /time Magazine | Title: Texas Polygamists Prep for Criminal Trials | 7/26/2009 | See Source »

...Joseph, Missouri, and as he recalled in his memoir A Reporter's Life, he developed a taste for reporting and news analysis early. While living in Kansas City at age six, he ran to a friend's house with a newspaper story about the death of President Warren Harding. "Look carefully at that picture," he told his friend. "It's the last picture you will ever see of Warren Harding." With typical self-deprecation, the elder Cronkite wrote: "I record it here today to establish my early predisposition to editorial work - to be both pontifical and wrong." (See photos...

Author: /time Magazine | Title: Walter Cronkite: The Man With America's Trust | 7/17/2009 | See Source »

...Buffett, Warren • economic stimulus package is compared by to "half a tablet of Viagra...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 7/10/2009 | See Source »

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