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...times, the top executives did contend that regulation might have been too loose leading up to the crisis, but they stressed that that was no longer the case. All thought that the government needed the power to resolve large troubled institutions. Brian Moynihan, CEO of Bank of America, said the resolution authority could be based on the way the Federal Deposit Insurance Corp. closes down smaller banks, which involves auctioning off troubled institutions to stronger competitors, often with a government guarantee for risky assets. Also questioned by the panel was Morgan Stanley's chairman, John Mack. (See 25 people...

Author: /time Magazine | Title: Bank CEOs Continue to Fight Financial Reform | 1/14/2010 | See Source »

...even a lift engineer. Of course, we can't get carried away. In some Middle Eastern countries, the progress of women can appear desperately slow. And in none have women attained anything like the opportunities we take for granted in Western Europe or North America. Women still have to contend daily with male-dominated societies and culture, often underpinned by discriminatory laws. They may have more opportunities to study, but even well-educated women struggle to find jobs - and when they do, career progression is difficult. The expectations that men stay in control and women at home remain strong...

Author: /time Magazine | Title: The Change We Need | 1/11/2010 | See Source »

...Dodd were simply bowing to reality. They faced long odds of winning re-election in their home states - though Dems believe they now have a much better chance at holding on to Connecticut than North Dakota. Dodd, as chairman of the Senate Banking Committee, had unpopular bailouts to contend with and a scandal over allegedly special treatment on his mortgage; Dorgan likely faced a tough battle against a popular GOP governor in a Republican-leaning state that disapproves of his vote for health care reform by a 2-to-1 margin. But there's little doubt that each had also...

Author: /time Magazine | Title: Senate Retirements Point to Dems' Uphill Election Fight | 1/7/2010 | See Source »

...Still, some scholars contend the regime practices a kind of pragmatic tolerance of Christianity, suggesting North Korea's intelligence agency chooses to ignore underground churches because of their political usefulness. "How can they not know the whereabouts of 100,000 Christians?" says Philo Kim, a professor of sociology at Seoul National University in South Korea, who has visited North Korea several times to study Christianity there. "The government takes advantage of them by dispatching spies into the churches. They can gather information about the churches in China and how they help defectors escape...

Author: /time Magazine | Title: How Christmas Is (Not) Celebrated in North Korea | 12/24/2009 | See Source »

...Still, the Vietnamese people (and the government, though more quietly) contend it's the U.S. that should be doing more - much more. Some point out that the U.S. spends only a fraction on Agent Orange cleanup compared to the $50 million it spends every year on searching for the remains of American soldiers missing in action. Thao Griffiths, country director of Vietnam Veterans of America, which works on lingering war issues, points out that the legacy of each is equally painful. "The issue of MIAs for Americans holds the same importance that Agent Orange does for the Vietnamese," she says...

Author: /time Magazine | Title: Agent Orange Poisons New Generations in Vietnam | 12/19/2009 | See Source »

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